Broadcom Brings Secure Private Cloud to Standard Chartered

In July 2026, technology leader Broadcom signed a long-term agreement with global banking group Standard Chartered to help build a “secure, resilient private cloud foundation”. Formed to support Standard Chartered’s critical banking services across 54 markets, the collaboration revolves around VMware Cloud Foundation (VCF), Broadcom’s private cloud platform, which Standard Chartered will use to standardize its technology infrastructure. Broadcom acquired VMware earlier in 2023, and VCF has since become central to the giant’s enterprise private cloud strategy. This new deal will help to improve resilience, strengthen security, and simplify operations, all while helping the international bank meet increasingly complex regulatory requirements.

Standard Chartered has transitioned its infrastructure delivery to a fully integrated software-defined private cloud environment, which is powered by VMware Cloud Foundation. The platform embeds Zero Trust security directly into the infrastructure layer, thereby never assuming implicit trust and always verifying instead.

The modernized platform supports critical banking workloads, including core banking systems, payments infrastructure, and digital banking services, creating a more resilient technology foundation capable of supporting future business growth. Broadcom says the partnership reflects the growing demand from global financial institutions for private cloud platforms that combine security, operational consistency, and automation.

As banks continue investing in AI, automation, and cloud technologies, secure private cloud environments are becoming an increasingly important part of digital transformation strategies.  By modernizing the infrastructure underpinning its core banking, payments, and digital services, Standard Chartered has established a future-ready technology platform designed to support long-term innovation, operational resilience, and sustainable growth while delivering secure banking services to customers across its global network.

Impact on the ICT Market

The market landscape is at a stage where digital transformation is not just an option but has now become a necessity. Cloud computing has now emerged as a vital factor in the evolution of the ICT market. This technology is reshaping how organizations collaborate, serve, and innovate. By offering unprecedented flexibility, security, and efficiency, cloud computing is redefining industries and enabling businesses to meet the challenges of a fast-paced world.

Cloud computing stands as a pivotal force as it helps in enhancing organizational agility and scalability. Traditional IT infrastructure often struggles with fluctuations in demand, thus leading to resource inefficiencies. With the help of advanced cloud services, businesses can now seamlessly adjust their resource allocations in order to match their needs, whether it is during seasonal spikes or periods of rapid growth. These tools not only help to enhance productivity but also help to support the burgeoning remote work model, thus catering to a global workforce that demands flexibility.

Impact on the Cloud Infrastructure Services Market

The global cloud infrastructure services market size accounted for USD 166.51 billion in 2025 and is predicted to increase from USD 194.82 billion in 2026 to approximately USD 766.57 billion by 2035, expanding at a CAGR of 16.50 % from 2026 to 2035.

According to Precedence Research, the market is driven by growing adoption of artificial intelligence, increasing demand for scalable computing, and rising enterprise digital transformation. Cloud providers all over the world are investing heavily in security measures and compliance certifications. This also enhances data protection, access control, and regulatory compliance, addressing concerns related to the security of sensitive information and ensuring adherence to industry-specific regulations.

Moreover, the integration of cloud infrastructure services with edge computing enables a seamless and interconnected computing ecosystem. This collaboration not only enhances the capabilities of edge devices but also ensures a cohesive infrastructure that spans from the edge to centralized cloud resources. The dynamic between cloud infrastructure and edge computing presents an opportunity for service providers to offer comprehensive solutions, addressing the evolving needs of businesses across various sectors, from manufacturing and healthcare to smart cities and IoT applications.

Impact on the Cloud Computing Market

The global cloud computing market size was estimated at USD 912.77 billion in 2025 and is predicted to increase from USD 1,106.28 billion in 2026 to approximately USD 5,946.84 billion by 2035, expanding at a CAGR of 20.61% from 2026 to 2035.

According to Precedence Research, market growth is propelled by industrial modernization, strategic investment in a digital framework, and innovation in automated analytics and implementation of cloud computing for resilient operation. Major leading companies worldwide are now increasingly replacing standard commercial processors to develop trademarked tensor-optimized silicon constructions.

Cloud computing and AI algorithms are now working together in order to analyze and organize large data volumes, thus creating useful blueprints for upcoming migrations and changes. The incorporation of AI into cloud computing facilitates adaptability, flexible approaches, and safe systems, enabling enterprises to expand quickly and economically with strong AI solutions. Global IT companies are also actively adopting sophisticated software translation layers to integrate diverse public systems and internal networks into a unified computing mesh. This allows live projects to optimize for varying pricing models and regional compliance requirements.

Expert Opinion

“Global financial institutions require infrastructure that combines resilience, security, and operational simplicity at scale,” said Krish Prashad, Senior Vice President and General Manager at VMware Cloud Foundation Division, Broadcom.

John Sharratt, Global Head of Technology and Infrastructure at Standard Chartered, said,

“Standardizing a fully virtualized software-defined infrastructure across our global operations enables Standard Chartered to meet the evolving demands of our clients while strengthening our technological core with the responsiveness, resilience, and regulatory compliance that global banking demands,” says John Sharratt, Global Head of Technology and Infrastructure at Standard Chartered.

“Our client-centric, long-term investments with global service providers, such as Broadcom, strengthen our ability to deliver always-on banking services in an ever changing and dynamic landscape, while accelerating innovation with a secure private cloud foundation.”