Regional factors drive CIOs to switch cloud vendors, with 32% increasing focus on regional vendors and 75% of European and Middle Eastern enterprises expected to geopatriate their virtual workloads by 2030.

A survey by Gartner found that 32% of CIOs are increasing focus on finding vendors from their own region, while over 75% of European and Middle Eastern enterprises plan to "geopatriate" their virtual workloads to reduce geopolitical risk by 2030. The cloud market is highly concentrated, with US-based companies AWS, Google, IBM, Microsoft, and Oracle accounting for 84% of the market. The recent AWS outage has highlighted concerns about overreliance on foreign cloud service providers, leading to calls for developing sovereign cloud options in India.