IDC's 2020 Worldwide Industry CloudPath Survey provides deep insight into how global industries are moving to the cloud (both public and private).
Public cloud deployment is no longer limited to non–mission critical software solutions at banks globally but is now considered a viable platform for more complex and critical workloads that have traditionally run on premises within the bank's own data centers. The COVID-19 pandemic only strengthened the need for resilience, scalability, elasticity in demand, and operational efficiencies from the banks' technology platforms, all inherent characteristics of cloud computing.
This insightful report reviews the findings specifically for the banking industry. The survey included 173 institutions identifying themselves as primarily retail, consumer, small business, and/or corporate banks, including institutions in North and Latin America, Europe, and Asia/Pacific.