MarketResearchNest.com
adds “Asia Pacific Market Insights on
Cloud Infrastructure: Insights and Forecast, 2018-2024: Emphasis on Deployment
Type (Public Cloud, Private Cloud), Public Cloud Services (SaaS, PaaS, IaaS,
Cloud Advertising, BPaaS), Private Cloud Services ( Managed Hosting,
Co-Location), End User (Banking, Financial Services and Insurance, Retail,
Telecom & IT, Healthcare, Media & Entertainment, Government Agencies,
Education, Energy, Manufacturing, Other Industries)”new report to its
research database.
As the cloud infrastructure has entered into new era of
adoption, considering the hyper growth economies of Asia, cloud growth has been
not only been continual but also has been innovation led. Since cloud services
are now been marketed for numerous years for its flexibility, cost efficiency,
data availability, easy backup and storage, it has been proved that cloud
adoption holds an increasingly vital role in Asia Pacific region. Many
countries in Asia Pacific region are looking forward to adopt Smart Nation
Strategy wherein they are more likely to migrate from traditional IT to the
cloud services owing to the in - country support and the lowered cost of
ownership. This has further enhanced the affordability of cloud services in the
region. To add on, Asia has also overtaken Europe in terms of total innovation
centers across regions by occupying around 35% share in region wise growth of
innovation centers followed by the US. Similarly, Asia Pacific also held
prominent share in regard to number of innovation centers wherein it held 34%
share. Moreover, China and India being at the forefront in the cloud services
they altogether held 36% showcasing promising impact for disruptive technology
hence fueling the digital transformation in Asia Pacific region. For instance,
more than 50% of the businesses in the region are deriving their maximum
revenues from digitization. Businesses across the region are moving at a fast
pace to adopt digital solutions wherein cloud is one among them in order to
save costs, innovate fast and meet user's specifications. Furthermore, more
than
50% of Asia Pacific businesses look to digitalization to
drive innovation across all the facets of their operations while 50% of the
business adopt digital services to determine potential business models. Since
demand for data has become insatiable, around 55% of the business applications
are run on public cloud or as Software as a Service. Owing to this, the Asia
Pacific cloud infrastructure market is expected to reach US$ 140.3 Billion in
2024 from US$ 46.5 Billion in 2017 at an exponential CAGR of 16.3% during the
forecasted period (2018-2024).
Request Free Sample
Research Report @
Furthermore, significant spur in IT spending, government
initiatives undertaken towards cloud computing, surge in data center
penetration and mushrooming internet and smartphone penetration have also
supported the region to outpace the rest of the regions in terms of growth
prospects in cloud infrastructure market. By 2019, Asia Pacific is forecasted
to have the largest amount of business IP traffic in the world, at 11.4
Exabytes per month as the specific region is forms the home to more than half
of the world internet users. Smartphones have dramatically become the prominent
communication hub for Asia Pacific region primarily for the country India.
Consumers as well as businesses are increasingly using the mobile devices to
access cloud enabled services such as social networking and video streaming. It
has been projected that Asia Pacific is set to increase its traffic till 2021
and around 90% of the traffic will be from cloud services in the region. To add
on further, cloud infrastructure in Asia Pacific has not only fostered owing to
rising consumer workloads but also due to rise of machines and Internet of
Things devices. It has been projected that as more and more data, business processes
and devices get connected more than 45% of all connected devices in Asia
Pacific will be M2M connections by 2020. However, interoperability, security
concerns and lack of appropriate standardization constitute as some the
hindering factors restraining the Asia Pacific cloud infrastructure market.
Asia Pacific Cloud Infrastructure market is segmented based
on deployment, services, service type and industrial verticals. Deployment
(public and private cloud) and desktop printer), services (software as a
service, platform as a service, infrastructure as a service, business process
as a service and cloud advertising), service type (managed hosting and
co-location) and industry verticals such as banking, financial services and
insurance, retail, telecom and IT, healthcare, media and entertainment,
government agencies, education, energy, manufacturing and other industry
verticals are considered while analyzing and defining the penetration of cloud
infrastructure services in different geographies and countries.
In 2017, deployment segment dominated the Europe cloud
infrastructure market with public cloud capturing maximum share in terms of
revenue. Public cloud is further classified on the basis of SaaS, PaaS and
IaaS. Owing to best economies of scale, enhanced scalability and wide adoption
among SME's due to its low cost, public cloud held 80% share in 2017. With
fostering information technology, private cloud is also gaining traction. Since
it offers similar benefits and entails same features as of public cloud, it is
dedicated to single organization and aims to address the data security related
concerns. Moreover, it also offers greater control which lags in public cloud.
During 2017, cloud advertising held prominent share as it has drastically
become the essential part of digital lives of many organizations. Moreover,
with the remarkable growth of internet, SaaS is also anticipated to represent
itself as one of the most adopted cloud services and account for 20.7% market
share by 2024 attributed to scalability and substantial surge in adoption rate
of cloud among small and medium enterprises.
Browse detail report
with in-depth TOC @
Managed Hosting and Co-location are the two service types
that are widely used across cloud computing landscape. The former category
forms as a multi-billion dollar market that is growing rapidly owing to
enhanced security and ownership over the data offered to organizations and
reduced investments on IT infrastructure. Managed Hosting segment is projected
to account US$ 23.5 Billion by 2024 displaying a phenomenon CAGR of 16.9% over
2018-2024. Cloud computing services are widely used across all the industry
verticals. Among several industrial sectors, telecom and IT segment held the
highest market share of 17.44% during 2017 accredited to rapid development of
mobile internet, Internet of Things and explosive growth in variety of access
devices and end user demands. It has been projected that segment will register
US$ 21.7 Billion revenues in 2024 growing at reasonable CAGR of 14.3% during
the forecasted period (2018-2024).
Furthermore, Mitel Networks Corporation, a telecommunication
company is also experiencing rapid growth in cloud communication services and
now captures around 1 Million cloud users in Europe which has been mainly
gained through service providers in the continent.
Furthermore, considering the geographical penetration across
different countries in the region, the Japan dominated Asia Pacific cloud
infrastructure market in 2017 followed by China. Technical upgradations that
cater to opportunities for cloud computing, use of disruptive technologies such
as Internet of Things, smart industrial robotics, data and analytics coupled
with enhanced automation, rapid growth in cloud industry spurring the entry of
new players, rising investments by cloud players and gaining cloud acceptance
among small and medium enterprises have led the cloud companies to capture new
business opportunities in Asia Pacific region. Japan was valued at US$ 12.1
Billion in 2017 and the figure is anticipated to reach US$ 32.2 Billion by 2024
registering a phenomenal CAGR of 14.2% during the forecast period.
The major players in this industry are Cisco System, Equinix
Inc., Google, IBM, Salesforce.com, ATandT, DXC Technology, Amazon Web Services,
HP and Rackspace Hosting Inc. With an objective to enhance their geographical
presence, the major market players have entered into various acquisitions and
collaborations which further offers them growth opportunities in cloud domain.
For instance, the largest players in cloud computing are looking forward to
Asia Pacific region for further cloud expansion wherein Google aims to builds
its new data centre in Singapore, while Alibaba Cloud purposes to develop its
second infrastructure zone in Malaysia.
Order a Purchase
Report Copy @
About Us:
MarketResearchNest.com is the
most comprehensive collection of market research products and services on the
Web. We offer reports from almost all top publishers and update our collection
on daily basis to provide you with instant online access to the ASIA PACIFIC
most complete and recent database of expert insights on ASIA PACIFIC
industries, organizations, products, and trends.
Contact Us
Mr. Jeet Jain
Sales Manager
+1-240-284-8070
+44-20-3290-4151
No comments:
Post a Comment