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.


  1. Alicia

    Hi there, I enjoy reading through your article. I wanted
    to write a little comment to support you.

    My web page; the web hosting

  2. Winnie

    It's actually a great and helpful piece quest bars of ( information. I'm
    satisfied that you shared this useful information with us.
    Please stay us informed like this. Thank you for sharing.

  3. Tressa

    I like what you guys are usually up too. This kind of clever work and coverage!

    Keep up the wonderful works guys I've added you guys to

    Also visit my web site; quest bars their

  4. Joanna

    I was wondering if you ever considered changing the structure of your website?

    Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people could connect with
    it better. Youve got an awful lot of text for only having one scoliosis surgery or 2 pictures.

    Maybe you could space it out better?

  5. Ramiro

    Greate post. Keep writing such kind of information asmr on your blog.
    Im really impressed by it.
    Hi there, You've performed an excellent job. I will definitely
    digg it and in my view recommend to my friends.
    I'm confident they'll be benefited from this web site.

  6. Lyle

    Hi, I read your blogs daily. Your humoristic style is witty, keep it up!

    my blog post asmr their

  7. Russ
  8. Lynn

    Do you mind if I quote a few of your posts as long as I provide credit and
    sources back to your site? My blog is in the exact same niche
    as yours and my visitors would genuinely benefit from some of the information you provide here.
    Please let me know if this ok with you. Thanks a lot!

    my web blog - where asmr

  9. Loreen

    My brother suggested I might like this blog. He was entirely right.

    This publish truly made my day. You can not
    imagine just how a lot time I had spent for this information!

    Here is my blog post - scoliosis surgery where

  10. Jacinto
  11. Zithromax

    Olanzapine For Sale From Canada

  12. hello admin where are your from

  13. Vicky
  14. furosemide structure

    Nexium Discounts And Coupons

  15. Mabel

    подход. Организационные расстановки Метод системных
    семейных расстановок. Системные-расстановки.

    Метод расстановок. Системно-феноменологический подход.
    Системно-семейные расстановки.

  16. Halley
  17. Chara
  18. Ethel

    Смотреть фильмы онлайн бесплатно фильм дюна 2021 смотреть бесплатно в хорошем все
    свежие новинки кино 2021, которые уже вышли в прокат.

  19. Jeffery

    Смотрите лучшие фильмы форсаж 9 в хорошем качестве hd бесплатно смотреть фильмы 2021 года онлайн

  20. Antony
  21. Colette

    Фильмы из кинотеатра легально Игра в кальмара 3 серия смотреть онлайн смотрите самый полный список фильмов 2021 года

  22. Olivia

    Все лучшие фильмы онлайн:
    самый полный каталог кино Игра в кальмара 2 сезон 1 серия смотреть онлайн
    смотрите самый полный список
    фильмов 2021 года

  23. Neurontine

    Kamagra Eu

  24. gabapentin for neuropathy

    Priligy Necesita Receta

  25. Rudy

    I visited multiple websites but the audio feature for audio songs existing at this website is
    in ps4 games fact

  26. Propecia

    Delirium Amoxicillin

  27. АААslyhhzi

    Некероване кохання 17 серія Некероване кохання 17 серія
    yunb ddnznz Смотреть онлайн сериал Некероване кохання / Любовь без тормозов 17 серия
    Некероване кохання / Любовь без тормозов: 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16 СЕРИЯ (украина)

  28. sormive
  29. zithromax costs

    amoxil motrin cvs amoxicillin price no insurance why use moxifloxicin instead of amoxil amoxil 600/42.9 pediatric dosing

  30. Robbie Apalategui

    Greate post. Keep posting such kind of info on your page. Im really impressed by your site.

  31. ААkmmivcd
  32. ААwhgixnz
  33. ААuohxtzn
  34. ААehpzhdj
  35. Ramon Michell
  36. Carrol Mazikowski

    Asking questions are truly fastidious thing if you are not understanding something completely, except this post presents nice understanding even.|

  37. Cole Delcastillo

    Hi there, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam responses? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it's driving me crazy so any assistance is very much appreciated.|

  38. Quinn Paris

    I got this web site from my friend who told me regarding this site and at the moment this time I am visiting this web site and reading very informative posts at this place.|

  39. Marlyn Whistler

    When I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve four emails with the exact same comment. There has to be an easy method you are able to remove me from that service? Thanks!|

  40. Giuseppe Strand

    Hello, i feel that i saw you visited my blog thus i got here to go back the desire?.I am attempting to find things to improve my web site!I suppose its good enough to use some of your ideas!!|

  41. Lana Tranmer

    Wonderful goods from you, man. I have understand your stuff previous to and you're just too great. I really like what you've acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it sensible. I cant wait to read far more from you. This is actually a great website.|

  42. Oralee Kreuter

    Heya i am for the first time here. I found this board and I to find It really useful & it helped me out a lot. I'm hoping to offer one thing again and help others like you aided me.|

  43. Rubye Curo

    Hi, after reading this amazing piece of writing i am too delighted to share my know-how here with colleagues.|

  44. Jocelyn Piccoli

    Yes! Finally something about keyword1.|

  45. Darin Cobb

    Howdy! I could have sworn I've visited this site before but after looking at some of the posts I realized it's new to me. Regardless, I'm definitely delighted I discovered it and I'll be book-marking it and checking back regularly!|

  46. Glennis Quickle

    Thanks a lot for sharing this with all people you actually understand what you are talking about! Bookmarked. Please additionally consult with my web site =). We may have a link exchange arrangement among us|

  47. Marquis Griggers

    I am actually thankful to the owner of this web site who has shared this fantastic article at here.|

  48. Shantell Sroka

    Wow, incredible blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is great, let alone the content!|

  49. Rosaria Cooksley

    Hello, i think that i saw you visited my blog so i came to “return the favor”.I am attempting to find things to enhance my site!I suppose its ok to use some of your ideas!!|

  50. Yoshiko Kaufhold

    Keep on writing, great job!|

  51. Marta Katzmann

    I like the valuable information you provide in your articles. I'll bookmark your blog and test once more right here frequently. I am reasonably certain I'll be informed many new stuff proper here! Best of luck for the following!|

  52. Geraldo Raiche

    Hello! I could have sworn I've visited this website before but after looking at a few of the posts I realized it's new to me. Regardless, I'm certainly happy I stumbled upon it and I'll be bookmarking it and checking back frequently!|

  53. Lewis Thomasson

    You have made some decent points there. I checked on the net for more info about the issue and found most individuals will go along with your views on this web site.|

  54. Katrina Hulsey

    Whoa! This blog looks just like my old one! It's on a totally different subject but it has pretty much the same page layout and design. Great choice of colors!|

  55. Garfield Jericho

    Hi there colleagues, how is the whole thing, and what you would like to say about this paragraph, in my view its actually awesome designed for me.|

  56. auto detailing overland park

    I think this is a real great article.Really thank you! Awesome.

  57. Leon Priolo

    I was curious if you ever considered changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images. Maybe you could space it out better?|

  58. Chance Semons

    Hey! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no back up. Do you have any methods to protect against hackers?|

  59. Berry Hoines

    I think this is among the most important info for me. And i'm glad reading your article. But want to remark on some general things, The web site style is perfect, the articles is really great : D. Good job, cheers|

  60. Daron Mahal

    Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read?|

  61. Kimberli Proto

    What's Going down i'm new to this, I stumbled upon this I've found It absolutely helpful and it has aided me out loads. I hope to contribute & help other users like its aided me. Great job.|

  62. Vicente Laban

    I like the helpful info you supply to your articles. I'll bookmark your blog and take a look at again here regularly. I'm reasonably certain I'll be informed lots of new stuff proper right here! Best of luck for the next!|

  63. Hershel Imbruglia

    Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?|

  64. Sherell Schweigart

    If you are going for most excellent contents like I do, only pay a quick visit this web site daily because it offers quality contents, thanks|

  65. Deloras Stancey

    My brother recommended I might like this website. He was entirely right. This post truly made my day. You cann't imagine simply how much time I had spent for this information! Thanks!|

  66. I hope this article will continue because I liked it very much.

  67. Aimee Hynek

    Hello there, I discovered your website by way of Google whilst searching for a comparable topic, your web site came up, it appears great. I have bookmarked it in my google bookmarks.

  68. Shelby Callar

    I know this if off topic but I'm looking into starting my own weblog and was wondering what all is needed to get setup? I'm assuming having a blog like yours would cost a pretty penny? I'm not very web savvy so I'm not 100 certain. Any recommendations or advice would be greatly appreciated. Cheers|

  69. Julian Cashon

    Hello, I log on to your blog daily. Your writing style is witty, keep doing what you're doing!|

  70. Margrett Stidam

    This blog was... how do you say it? Relevant!! Finally I've found something which helped me. Many thanks!|

  71. askmebet

    Thanks-a-mundo for the article post.Really thank you!

  72. Ray

    Do you have any video of that? I'd want to find
    out more details.

    My web site info what (

  73. Ryann Daguerre

    Hey There. I found your blog using msn. This is a very well written article. I'll make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will certainly comeback.|

  74. Jenniffer Osbon

    Thank you for any other fantastic post. The place else could anyone get that type of info in such a perfect approach of writing? I have a presentation next week, and I'm on the look for such info.|

  75. Trinidad Kela

    I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an impatience over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.|

  76. Emelia Molla

    Wow that was unusual. I just wrote an very long comment but after I clicked submit my comment didn't show up. Grrrr... well I'm not writing all that over again. Regardless, just wanted to say great blog!|

  77. Leatha Bidding

    I'm not sure where you're getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for magnificent info I was looking for this info for my mission.|

  78. Gabriele Eischens

    Hi to all, the contents present at this web page are actually awesome for people experience, well, keep up the good work fellows.|

  79. Yuette Odette

    Hey excellent blog! Does running a blog like this require a lot of work? I have virtually no expertise in programming however I was hoping to start my own blog in the near future. Anyway, should you have any ideas or tips for new blog owners please share. I understand this is off topic nevertheless I just had to ask. Appreciate it!|


Related recommendation

No related articles!


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