Asia-Pacific Cloud Computing Market
As per the GMI Research Report, the Asia-Pacific Cloud Computing Market will expand at a faster growth during the forecast period. Rapid globalization and the increasing emphasis to improve business reporting and offer superior services are the prominent forces fuelling the market growth.
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Asia-Pacific Cloud Computing Market Dynamics
The robust demand for various streaming platforms, such as, Amazon, Disney +, and Netflix is the foremost factor steering the growth of the Asia-Pacific Cloud Computing Market. In addition, the increasing espousal of cloud technology across various functions, such as functioning, storage, NLP, and artificial intelligence has stimulated the market growth. The ongoing amelioration in technologies, primarily across China, Japan, India, and Singapore is further supplementing the market growth. Besides this, the sudden outbreak of the coronavirus crisis has positively influenced the market growth. This is because of the surging emphasis of large organisations to provide work from home in order to prevent their employees from getting virus. Thus, as per the Asia-Pacific Cloud Computing Market Report, this factor has stimulated the demand for Software-as-a-Service (SaaS) based solution and instruments. For example, the Microsoft Team platform exhibited an enlargement of 44 million because of the rigorous demand for cooperative solutions.
Further, the government of leading nations, such as Japan, India, Singapore, and China are increasingly focussing on promoting the espousal of sophisticated technologies, such as, AI, cloud computing, and IoT are further paving the way for market growth. The Indian government initiated the “GI Cloud”, called “MeghRaj”, with a motive to execute several constituents such as governance mechanism to certify the propagation of Cloud in the government. Additionally, the Singapore Government introduced the Government Commercial Cloud Service, to introduce modern inventions of commercial cloud computing platforms to less acute government systems. Thus, all these initiatives will impel the market growth. However, the mounting number of cyber-attacks because of the huge amount of data generated is likely to hinder the Asia-Pacific Cloud Computing Market Size.
Asia-Pacific Cloud Computing Market Segmentation:
Segmentation by Service Model
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Segmentation by Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Segmentation by Organisation Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Segmentation by Workload
- Storage, Backup, and Disaster Recovery
- Application Development and Testing
- Database Management
- Business Analytics
- Integration and Orchestration
- Enterprise Resource Management
- Collaboration and Content Management
Segmentation by Industry Vertical
- Banking, Financial Services and Insurance
- IT and Telecommunications
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
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