target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC MarketScape - Doc Document number: # AP51801624
IDC MarketScape: Asia/Pacific (Excluding Japan) Cloud Cost and Capacity Optimization 2024 Vendor Assessment
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Abstract
This IDC study uses the IDC MarketScape model to provide an assessment of vendors offering cloud cost and optimization tools in the Asia/Pacific (excluding Japan) (APEJ) market. The report discusses both the quantitative and qualitative characteristics that lead to success in the ecosystem. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to one another and discusses what criteria are most important for companies to consider when selecting a vendor. It also highlights the factors expected to be the most influential for success in the market.
"As organizations in APEJ continue to mature and navigate the complexities of their digital transformation (DX) and the growing impact of AI, managing cloud costs and optimizing cloud use are fundamental critical requirements for both IT leaders and business users. APEJ consists of diverse markets, and with a best fit approach to cloud, the region is rapidly catching up to the need for efficient cloud management to ensure that resources are allocated effectively to support innovation and competitive advantage. By prioritizing cloud cost and optimization, businesses can leverage the potential of cloud technologies to drive growth more efficiently as budgets come under greater scrutiny," says Daphne Chung, research director, Cloud Services and Software Research, IDC Asia/Pacific.