Press release
Southeast Asia Cloud Computing Market Expected to Rise at 13% CAGR during 2022-2027 - IMARC Group
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What are the growth prospects of the Southeast Asia cloud computing industry?
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.
Get the table of contents with all detailed information: https://www.imarcgroup.com/southeast-asia-cloud-computing-market
What are the major drivers for 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.
Key Market Segmentation:
The report has segmented the market on the basis of region, service, workload, deployment mode, organization size and vertical.
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:
• 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
• Nippon Telegraph and Telephone Corporation.
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Contact Us:
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
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About Us:
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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