How Cloud Innovation is Enabling Digital Business Growth in Asia-Pacific

Forward-thinking organizations in the Asia-Pacific region, like so many others worldwide, are reinventing themselves to drive renewed digital business growth. As the economy returns to pre-COVID pandemic levels, these astute leaders are developing technology-enabled business models.

According to the most recent International Data Corporation market report, cloud computing has emerged as the central pillar of this renewed business technology emphasis, resulting in a 38 percent rise in Asia-Pacific public cloud services spending to $36.4 billion in 2020. (IDC).

“During the COVID-19 pandemic, cloud providers tackled more than just cost control issues. “Cloud platforms and technology have become the foundation for the rapid deployment of new digital services to serve remote employees and online consumers, and it has been driven by the pace of adoption and low up-front costs,” said Chris Morris, vice president at IDC.

Cloud computing market development

Cloud Infrastructure as a Service (IaaS) was the leading contributor to overall public cloud spend in 2020, accounting for approximately 48 percent of total cloud spending — and it is projected to remain the top contributor during the forecast period of 2021-2024.

IaaS spending on computing, storage, and networking will remain stable throughout the forecast, with compute accounting for the lion's share, followed by storage. In terms of cloud computing investment, Software as a Service (SaaS) is positioned as the second largest with a share of about 40% in 2020, followed by Platform as a Service (PaaS) with an 11% share. Enterprise spending on cloud-hosted Software accounts for the lion's share of SaaS spending. SaaS investment is also influenced by software applications and system infrastructure software (SIS).

It is expected to increase as businesses use SaaS solutions for collaboration, efficiency, and IT protection to help the 'remote working' and 'hybrid workforce' phenomena. Data Management Software would drive PaaS investment, with a five-year CAGR of 41.2 percent from 2019 to 2024.

This trend is expected to continue, according to IDC, because of the emphasis on business scalability, increased efficiency, enhanced security, and optimizing IT operations to build business resiliency and reduce on-premises infrastructure costs. Furthermore, cloud-based protection advantages are energizing companies in the area to move to public cloud service offerings.

In terms of business growth forecasts, Professional Services (15%), Banking (around 10%), and Discrete Manufacturing (approximately 10%) are the top three sectors, accounting for one-third of total public cloud services spending from 2021 to 2024.

Construction and Technical Services, on the other hand, would see the highest growth in public cloud spending, with a five-year CAGR of 39 percent and 35 percent, respectively, owing to an increased emphasis on external-facing interactions and customer experience. In terms of commercial segment growth, substantial businesses will account for 37.1 percent. Medium-sized companies will account for about 30.2 percent. Large companies will account for 20.8 percent of total Asia-Pacific public cloud spending in 2020.

Small and medium-sized companies have the highest growth in cloud investment over the projected period, at about 34%. The global pandemic the hardest hit these industries, and they have an urgent need for business continuity, resiliency, and, finally, new digital development.

Outlook for public cloud services adoption

Geographically, China was the largest market for public cloud services in 2020, with a $19.4 billion investment accounting for approximately 53.4 percent of the Asia-Pacific total. The willingness of businesses to embrace cloud technology, bolstered by government policies and home-grown cloud service providers' involvement, is driving continued adoption and development.

Australia ($5.2 billion) and India ($3.5 billion) will be second and third in the region regarding cloud infrastructure and service spending, owing to rapid business adoption and global hyper-scale public cloud providers' involvement.

I expect cloud computing developments in this area to be mirrored in other regions as post-pandemic economic recovery emerges and thriving organizations accelerate their digital transformation agenda. As a result, forward-thinking CIOs and CTOs will have an unprecedented ability to shape digital business growth strategies.

105 comments

  1. Larue

    I really like your blog.. very nice colors & theme.
    Did you create this website yourself web hosting or did you hire someone to do it for
    you? Plz answer back as I'm looking to construct
    my own blog and would like to find out where u got
    this from. many thanks

  2. Alisa

    My partner and I absolutely love your blog
    and find nearly all of your post's to be what precisely
    I'm looking for. Would you offer guest writers to write content available for you?

    I wouldn't mind creating a post or elaborating
    on some of the subjects you write concerning here.
    Again, awesome web log!

    Feel free to surf to my web-site; off quest bars (bitly.com)

  3. Irish

    I wanted to thank you for this good read!!
    I definitely loved every bit of it. I have got you bookmarked to
    look at new stuff you post…

    Also visit my site :: asmr that (http://bit.ly/3kKtL7d)

  4. Roger

    Good info. Lucky me I discovered your site by chance (stumbleupon).

    I have book marked it for later!

    Here is my web-site; on scoliosis surgery

  5. Miguel

    Normally I don't read article on blogs, but I wish to say
    that this write-up very forced me to check out and do it!
    Your writing style has been surprised me. Thanks, quite nice article.

    My page ... my asmr

  6. Joyce

    Hi there would you mind stating which blog
    platform you're using? I'm planning to start my own blog in the near future but I'm having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different
    then most blogs and I'm looking for something completely
    unique. P.S Sorry for being off-topic but I had to ask!

    Here is my web blog :: asmr was (bit.ly)

  7. Justin

    When I originally commented I clicked the "Notify me when new comments are added" checkbox and now each
    time a comment is added I get four e-mails with the same comment.

    Is there any way you can remove people from that service?
    Appreciate it!

    Also visit my site - asmr but

  8. King

    I was suggested this website by my cousin. I'm not sure whether this
    post is written by him as no one else know such detailed about my
    trouble. You are incredible! Thanks!

    my website ... that scoliosis surgery

  9. 453679 304338I see something really unique in this internet internet site . 394543

  10. 394011 957291This is a great topic to speak about. Sometimes I fav stuff like this on Redit. I dont feel this would be the top to submit though. Ill take a look about your web site though and submit something else. 681387

  11. 145705 12331Hey man, .This was an superb page for such a hard topic to talk about. I look forward to reading a lot of more fantastic posts like these. Thanks 708730

  12. 200654 95999What other people have stated and in some uncommon cases, suicide might occur. 954393

  13. 451275 803196I surely did not realize that. Learnt something new nowadays! Thanks for that. 375149

  14. 446361 568156yourselfm as burning with excitement along accumulative concentrating. alter ego was rather apocalyptic by the mated ethical self went up to. Its punk up to closed ego dispirited. All respecting those topics are movables her really should discover no finish touching unpronounced. Thanks so a lot! 827421

  15. Nathan

    Hey exceptional website! Does running a blog like this take ps4 games a massive
    amount work? I have absolutely no understanding of computer programming but I had
    been hoping to start my own blog soon. Anyways, should you have
    any ideas or techniques for new blog owners please share.

    I understand this is off subject nevertheless I just had to ask.
    Appreciate it!

  16. Travis

    Simply wish to say your article is as astounding.
    The clarity in your put up is simply cool and i can assume
    you are knowledgeable in this subject. Fine with your permission let me to
    take hold of your feed to stay updated with approaching post.
    Thank you a million and please continue the gratifying work.

    my blog :: an ps4 games

  17. 261921 430355Thank you for your very excellent details and feedback from you. car dealers in san jose 418300

  18. rogaine vs propecia

    Propecia E Hipertension

  19. Lasix

    Amoxicillin Toungue Swelling

  20. Liza

    Hello! Do you know if they make any plugins to help with SEO?
    I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very
    good success. If you know of any please share.
    Cheers!

    Stop by my blog post - Erick

  21. sormive
  22. Tracy Biscahall

    Wonderful blog! I found it while searching on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I've been trying for a while but I never seem to get there! Thank you|

    http://drpetepublishing.com/members/mccollumbagge12/activity/327190/

  23. Geraldo Zavala

    At this time it appears like Movable Type is the best blogging platform out there right now. (from what I've read) Is that what you're using on your blog?|

    https://controlc.com/82eb4883

  24. Zackary Kealohanui

    It's the best time to make some plans for the future and it is time to be happy. I have read this put up and if I could I desire to counsel you few interesting issues or tips. Perhaps you could write subsequent articles regarding this article. I want to learn even more things approximately it!|

    https://telegra.ph/Daring-Android-Designs-For-Watch-Collectors-07-01

  25. hcq over the counter

    Priligy France

  26. bay way

    I don't even know how I ended up here, but I thought this post was good.I don't know who you are but certainly you are going to a famousblogger if you are not already 😉 Cheers!

    http://suba.me

  27. how to suck nipples

    I value the post.Really looking forward to read more. Will read on...

    https://www.youtube.com/watch?v=nJEBqQwpcUc

  28. Jamel

    Great goods from you, man. I've understand your
    stuff previous to and you are just extremely
    wonderful. I actually like what you have acquired here,
    certainly like what you are saying and the way in which you say it.
    You make it enjoyable and you still care for to
    keep it sensible. I can not wait to read far more from
    you. This is actually a great website.

    My site; auto approve list

  29. Darlene Austin
  30. garage door repair brisbane

    Really appreciate you sharing this blog.Thanks Again. Much obliged.

    https://justpaste.it/2pk2n

  31. fat burners for belly
  32. Lasonya

    It's a pity you don't have a donate button! I'd without a doubt donate to this fantastic blog!
    I suppose for now i'll settle for book-marking and adding your RSS feed to my
    Google account. I look forward to new updates and will share this site with my Facebook group.
    Talk soon!

    Review my web blog ... asmr an

  33. more information

    I needed to thank you for this excellent read!! I absolutely loved every little bit of it. I have got you book marked to look at new things you postÖ

    https://bookmarksclub.com/story/yorkies-for-sale/

  34. RV Glass Repair Near Me
  35. shop ban quyen

    Hi there! I could have sworn I've been to this blog before but after going through some of the posts I realized it's new to me. Nonetheless, I'm definitely delighted I came across it and I'll be bookmarking it and checking back regularly.

    https://zaban-iran.ir/members/chillinch0/activity/32146/

  36. Toney Parkhurst

    I haven?t checked in here for some time because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend

    https://cats-ads.com/user/profile/58310

  37. RV Siding Repair Near Me

    After exploring a few of the blog posts on your site, I truly like your technique of writing a blog. I bookmarked it to my bookmark site list and will be checking back in the near future. Please visit my website too and tell me your opinion.

    http://dantee07z7.blogolenta.com/5260604/the-greatest-guide-to-rv-batteries-near-me

  38. Rose Pozo

    Nice blog here! Also your website lots up fast! What web host are you using? Can I am getting your affiliate hyperlink for your host? I wish my site loaded up as fast as yours lol|

    https://s.id/

  39. Elouise Hossler

    My brother recommended I might like this blog. He was entirely right. This post truly made my day. You can not imagine just how much time I had spent for this info! Thanks!|

    https://anotepad.com/notes/tgqww97i

  40. Terry Cernota

    Pretty great post. I just stumbled upon your weblog and wanted to mention that I have truly loved surfing around your blog posts. In any case I'll be subscribing on your feed and I'm hoping you write again very soon!|

    http://git.radenintan.ac.id/onealerlandsen9

  41. RV Motorhome Repair Near Me

    You should take part in a contest for one of the highest quality sites on the web. I am going to highly recommend this web site!

    http://www.jkes.tyc.edu.tw/dyna/webs/gotourl.php?id=357&url=https://losione39924.thechapblog.com/10001930/deciding-on-an-vehicle-body-restore-shop

  42. Class A RV Repair Near Me

    Great article. I am facing many of these issues as well..

    http://jaideng18a7.mybjjblog.com/new-step-by-step-map-for-rv-body-shop-15273824

  43. injury lawyer near me

    Everything is very open with a clear description of the issues. It was truly informative. Your site is very useful. Many thanks for sharing!

    http://old.nepalimmigration.gov.np/site/languages/languageA/3?url=https://ocrv.club/lazy-daze-rv-collision-repair-paint-shop-near-me-orange-county

  44. Trailer Body Repair Near Me

    An impressive share! I've just forwarded this onto a co-worker who was conducting a little homework on this. And he actually ordered me lunch due to the fact that I stumbled upon it for him... lol. So let me reword this.... Thanks for the meal!! But yeah, thanx for spending some time to discuss this matter here on your blog.

    https://www.sibur.ru/bitrix/rk.php?goto=https://ocrvcenter.biz/concrete-truck-collision-repair-shop-near-me

  45. Motorhome Repair Near Me

    /

  46. RV Electrical Repair Near Me

    /

  47. RV Service Near Me

    Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It's always exciting to read content from other writers and use something from other web sites.

    /

  48. RV Mobile Repair Service Near Me

    Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be useful to read articles from other writers and practice a little something from their websites.

    /

  49. happy star

    Good day! I could have sworn Iíve been to this web site before but after browsing through many of the articles I realized itís new to me. Anyways, Iím certainly delighted I found it and Iíll be bookmarking it and checking back frequently!

    https://garbagedomain.com

  50. RV Service Near Me

    Greetings! Very helpful advice in this particular post! It's the little changes which will make the most significant changes. Thanks a lot for sharing!

    http://ref.webhostinghub.com/scripts/click.php?ref_id=nichol54&desturl=https://www.ocrv.club/rv-repair-shop-north-hills-california

  51. RV Fridge Repair Near Me
  52. Van Maintenance

    /

  53. RV Fiberglass Repair Near Me

    /

  54. Recreational Vehicle Repair Near Me

    When I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. Perhaps there is an easy method you are able to remove me from that service? Thank you!

    https://ssp.send.microad.jp/cc?ep=3WkB-sR7-kgCUB3oC4dc3s608eSsloN9K9NHq6iY9RsN0FgxwNmpck0T4k-9LLI9yuidcEtEYotIEUzjREa-S5R4v2nHvcF0QtXiQsDdubYMYrJ_XftQVRNkmURGNS6aGMDFcsiCQl_lNKo507iRUEbVxoJ8HW2yDEKqX54dvXTI&r=https://ocrv.org/rv-flooring-repair-near-me

  55. bus accident lawyers near me

    Nice post. I learn something new and challenging on sites I stumbleupon every day. It's always helpful to read through articles from other authors and use a little something from other sites.

    /holostyak-stb-2021

  56. Motorhome Slides

    /

  57. Bailey Wiacek

    I am regular reader, how are you everybody? This post posted at this web site is truly good.|

    https://healthcollate.com/forums/users/maypaulsen69/

  58. Felicidad Mcclune

    What's up, all the time i used to check blog posts here in the early hours in the dawn, because i enjoy to find out more and more.|

    https://anotepad.com/notes/nh73fyki

  59. Camping Trailer Repair Near Me

    Greetings! Very helpful advice in this particular post! It's the little changes which will make the greatest changes. Thanks for sharing!

    /

  60. RV Service Near My Location

    Saved as a favorite, I like your blog!

    /

  61. Rickie Halsell

    Thanks for finally writing about > blog_title < Liked it!|

    https://www.wattpad.com/user/cooleyturan42

  62. ??????

    Looking forward to reading more. Great blog. Cool.

    https://helloblacks.wordpress.com

  63. Moses Rehfeld

    You actually make it appear so easy along with your presentation but I to find this topic to be actually one thing that I feel I might never understand. It kind of feels too complicated and very broad for me. I am looking forward in your next submit, I'll attempt to get the hold of it!|

    http://trungtamytethanhtri.vn/Default.aspx?tabid=120&ch=377679

  64. video biographies

    Hello There. I discovered your blog using msn. This is an extremely smartly written article. I will make sure to bookmark it and return to read more of your useful info. Thank you for the post. I will certainly return.

    https://lukesuttonproductions.co.uk/

  65. Daryl Mattler

    Thanks for sharing your thoughts about meta_keyword. Regards|

    http://24hlol.com/index.php?qa=user&qa_1=villadsengarcia2

  66. Leatha Bidding

    Hey there! I just would like to give you a huge thumbs up for the excellent information you have right here on this post. I will be coming back to your web site for more soon.|

    https://gab.com/muhammadnawaz32

  67. Magdalen Mcclatchey

    Howdy would you mind sharing which blog platform you're using? I'm planning to start my own blog soon but I'm having a tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I'm looking for something unique. P.S Sorry for getting off-topic but I had to ask!|

    https://bostanciescortt.org/author/bruhnmelchiorsen7/

  68. snap delivered code

    Thanks for another wonderful post. Where else could anybody get that type of information in such a perfectapproach of writing? I have a presentation nextweek, and I'm on the search for such information.

    http://troyvanleeuwen.website2.me/

  69. Thanh Hutchen

    Thanks for sharing your thoughts. I really appreciate your efforts and I am waiting for your next write ups thank you once again.|

    https://nootheme.com/forums/users/sabirsheikh2444/

  70. Ralph Sumey

    Excellent post. I was checking continuously this weblog and I am impressed! Extremely helpful information specially the ultimate section 🙂 I deal with such info a lot. I used to be seeking this particular info for a very long time. Thanks and best of luck. |

    http://www.teknallsnc.com/index.php?option=com_k2&view=itemlist&task=user&id=3825677

评论已关闭。

Related recommendation

No related articles!

微信扫一扫,分享到朋友圈

How Cloud Innovation is Enabling Digital Business Growth in Asia-Pacific