Emerging markets lead in cloud application

Large companies in Latin America and Asia Pacific are the most aggressive adopters of the cloud computing paradigm, while their European and US counterparts remain conservative about shifting applications to the cloud. The average Latin American company has almost two fifths (39 per cent) of its total applications in the cloud. Asia Pacific follows closely behind with over a quarter (28 per cent). In contrast, less than one fifth (19 per cent) of the average US company’s applications are hosted in the cloud. In Europe, the figure is closer to one tenth (12 per cent). The findings come from an extensive study conducted by Tata Consultancy Services involving senior managers and corporate IT executives from over 600 large companies representing 16 industry verticals across the globe, reveals that while cloud applications are still in the minority of all applications, companies in Latin America and Asia Pacific have a much higher proportion of cloud applications to total applications.