The Public Cloud has always been an industry game-changer, allowing for the democratization of digitalization across domains.
However, it is still unable to experience widespread adoption due to country-specific jurisdiction laws and data protection concerns, among other things. For instance, industries such as Banking, Insurance, Healthcare, and the Public Sector are experiencing considerable organizational challenges in terms of their Cloud being compliant with the legal requirements of a specific region. This has skyrocketed the demand for Sovereign Cloud on a large scale.
In recent years, there has been a growing interest in the concept of Sovereign Cloud – Cloud Computing services that are exclusively owned, controlled and operated by a particular country or region. The objective of the Sovereign Cloud is to provide a secure and reliable computing infrastructure that can support critical government services and protect sensitive data from unauthorized access or cyber-attacks.
As more governments and organizations become increasingly reliant on Cloud Computing, concerns about data privacy, security, and sovereignty have become critical. The need for a trusted and secure computing environment has never been greater, and Sovereign Cloud presents a promising solution to address these challenges. With the global Cloud Security market projected to touch USD 76.48 Bn by 2027, it highlights the strong concerns about security and privacy by organizations and governments across the world. The Public Sector, Healthcare, Financial Services, and Manufacturing have emerged as the leading verticals adopting Sovereign Cloud.
This Zinnov report, ‘Sovereign Cloud – The Next Big Revolution in Cloud Computing’ aims to provide an in-depth analysis of the Sovereign Cloud market – both on the demand and supply sides, opportunities it presents, and a model for hyperscalers to adapt to the evolving regulations.
We hope this report will serve as a valuable resource for policymakers, IT professionals, and anyone interested in understanding the potential of Sovereign Cloud Computing to address the complex challenges of data security and privacy in today’s digital world.