According to the latest report by IMARC Group, title “Southeast Asia Cloud Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the Southeast Asia cloud computing market is expected to exhibit a CAGR of 13% during 2022-2027.
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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Southeast Asia Cloud Computing Market Trends:
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|
|Growth Rate||CAGR of 13% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Service, Workload, Deployment Mode, Organization Size, Vertical and Country|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market 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
Breakup by Deployment Mode:
Breakup by Organization Size:
- Large Enterprise
- Small and Medium Enterprise
Breakup by Vertical:
- IT and Telecom
- Retail and Consumer Goods
- Energy and Utilities
- Media and Entertainment
- Government and Public Sector
Breakup by Country:
List of Key Companies Covered in this Market Report:
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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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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