Market Overview 2022-2027:
The latest research study “Southeast Asia Cloud Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Southeast Asia cloud computing market is expected to exhibit a CAGR of 13% during 2022-2027.
Industry Definition and Application:
Cloud computing represents technology solutions that deliver on-demand computing services over the internet. They can be categorized into infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), etc. Cloud computing services utilize a network of remote servers instead of a local server to process, store, and manage data, thereby making it accessible from any location at any time. They prove highly effective in application development and testing, resource management, data storage and backup, orchestration services, etc. As a result, cloud computing solutions find extensive applications across various sectors, such as telecommunications, IT, healthcare, banking, retail, manufacturing, media and entertainment, etc., in Southeast Asia.
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What are the major market drivers in the Southeast Asia cloud computing market?
The increasing popularity of cloud services among organizations, on account of several associated benefits, including low initial infrastructure costs, unlimited storage capacity, data security, etc., is primarily driving the Southeast Asia cloud computing market. Furthermore, the emerging trend of hybrid and remote working modules, owing to the sudden outbreak of the COVID-19 pandemic, and the escalating need for software as a service (SaaS) that enables collaborative teams to access formerly centralized analytics and data are acting as significant growth-inducing factors.
Additionally, the launch of numerous favorable policies by the government bodies, such as the Cloud First initiative in Thailand aimed at promoting cloud adoption within the private and public sectors, is also positively influencing the regional market. Besides this, the inflating investments in research and development (R&D) activities to design innovative solutions for business technology platforms (BTP), cloud platforms, high-performance analytics appliances (HANA), etc., are expected to catalyze the Southeast Asia cloud computing market in the coming years.
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| Southeast Asia Cloud Computing Market Report Scope | |
| Report Coverage | Details |
| Growth Rate | CAGR of 13% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Service, Workload, Deployment Mode, Organization Size, Vertical and Country |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Service:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Breakup by Workload:
- Application Development and Testing
- Business Analytics
- Data Storage, Backup and Disaster Recovery
- Integration and Orchestration
- Collaboration and Content Management
- Others
Breakup by Deployment Mode:
- Public
- Private
- Hybrid
Breakup by Organization Size:
- Large Enterprise
- Small and Medium Enterprise
Breakup by Vertical:
- BFSI
- IT and Telecom
- Retail and Consumer Goods
- Energy and Utilities
- Healthcare
- Media and Entertainment
- Government and Public Sector
- Others
Breakup by Country:
- Indonesia
- Philippines
- Vietnam
- Malaysia
- Singapore
- Thailand
- Others
List of Major Key Players:
The major players in the market are Amazon Web Services, Akamai Technologies, Inc., Alibaba Group Holding Limited, Cisco Systems, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, Huawei Technologies Co., Microsoft Corporation, and Nippon Telegraph and Telephone Corporation.
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