Asia-Pacific Cloud Computing Market

Cloud computing refers to the on-demand availability of computer system resources, particularly data storage and computing power, without the direct active management by the user. Cloud computing has significantly shifted the way businesses think about IT resources. It has eliminated the capital expenses of buying hardware and software and setting up and running on-site data centers, including the rack of servers, the round-the-clock electricity for power and cooling.

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The Asia-Pacific Cloud Computing Market is becoming more mainstream thanks to the accelerating adoption of cloud technology, along with the constant improvement in technologies, especially in India, China, Japan, and Singapore. Moreover, the outbreak of the COVID-19 has impacted the Asia-Pacific cloud computing market in a positive manner. The large companies are focusing on providing work from home to safeguard their employees from catching coronavirus. This factor has surged the demand for Software-as-a-Service (SaaS) based solution and tools. For instance, the Microsoft Team platform witnessed an increase of 44 million, owing to the strong demand for collaboration solutions. In addition to this, the strong demand for streaming platforms, such as Netflix, Amazon, Disney +, and various other emerging platforms, is further opening new doors for the growth of the market in the coming years.

The government of maj9or economies, including India, China, Japan, Singapore, and other countries, are emphasizing on supporting the adoption of advanced technologies such as IoT, cloud computing, and AI, which is creating new growth opportunities in the market. The Indian government has introduced the “GI Cloud”, which is named as “MeghRaj”, with an aim to implement several components such as governance mechanism to ensure the proliferation of Cloud in the government. Additionally, the government of Singapore launched the Government Commercial Cloud Service, which will bring the modern innovations and capabilities of commercial cloud computing platforms to less sensitive government systems. The combination of initiatives and programs implemented by the government is another factor that is driving the growth of the market over the next six years. Cloud computing services are being increasingly used for a wide range of functions, starting from the basics of storage, processing, and networking power to artificial intelligence and NLP. Furthermore, the growing deployment of Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS), is attracting a new end-user base into the market. On the other hand, the rising number of cyber-attacks due to the increasing volume of data generated is one of the major factors that is likely to hamper the growth of the market in the coming years.

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Based on the deployment model, public cloud segment is expected to grow at a higher CAGR during the forecast period. This is mainly due to the accelerating number of government initiatives such as the Kasumigaseki Cloud initiative launched by the Japanese government, which is supporting the adoption of cloud computing in the coming years. Numerous leading organizations have significantly shifted towards their applications and workloads to the public cloud platforms owing to the increasing concerns related to security. The public cloud services are being increasingly used by SMEs and other businesses as it has lower cost as compared to the traditional data center and private clouds services. This factor is attracting a large customer base in the market during the forecast period.

Based on the solution, the Platform as a Service segment is expected to grow at a faster CAGR during the forecast period. This is attributed to the increasing need for PaaS solutions, among the SMEs and startups based in India, China, and Singapore, for agility, scalability, Pay-per-use based pricing and to decrease the cost & time. Various tech start-ups are looking for affordable and sophisticated analytic tools, business intelligence solutions, and development software. The PaaS development solution are helping these enterprises with pre-coded application components built into platform such as workflow, directory services, and security.

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Key Developments:

• • In 2020, Amazon Web Services, Inc., announced to expand its service to include a second infrastructure region in India by mid-2022. The new AWS Asia region, which will comprise of three Availability Zones at launch, which will join the existing infrastructure regions.
  • In 2020, Oracle announced to open its second cloud region in India at Hyderabad. The opening is a part of the company’s global plan to operate 36 second generation cloud regions by the end of the 2020.

The Asia-Pacific Cloud Computing market is segmented into service model, deployment model, organization size and industry vertical. Based on the service model, the market has been segmented into Infrastructure as a Service, Platform as a Service, Software as a Service. Based on the deployment model, the market has been segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on the organization size, the market has been segmented into Small and Medium Enterprises and Large Enterprises. Based on industry vertical, the market has been segmented into Manufacturing, Healthcare and Life Sciences, IT & Telecom, Retail and Consumer Goods, Energy and Utilities, Media and Entertainment, BFSI, Government and Public Sector.

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Key questions answered in this research report:

• • At what pace is Asia-Pacific Cloud Computing Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Asia-Pacific Cloud Computing Market? What will be the impact of drivers and restraints in the future?
  • Which solution generated maximum revenues in 2019 and identify the most promising solutions during the forecast period?
  • What are the various workload areas of Asia-Pacific Cloud Computing Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Asia Pacific Cloud Computing Market by Service Model

• • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

Asia Pacific Cloud Computing Market by Deployment Model

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Asia Pacific Cloud Computing Market by Organisation Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

Asia Pacific Cloud Computing Market by Industry Vertical

• • Banking, Financial Services and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

    Asia-Pacific Cloud Computing Market by Countries

• • China Cloud Computing Market All-Up (Option 1: Free 25% Customization)
  • India Cloud Computing Market All-Up (Option 2: Free 25% Customization)
  • Japan Cloud Computing Market All-Up (Option 3: Free 25% Customization)
  • Rest of Asia-Pacific Cloud Computing Market All-Up (Option 4: Free 25% Customization)