At 18.4% CAGR, Asia Pacific Distributed Cloud Market is Projected to be Worth US$ 3,099.14 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific distributed cloud market was valued at US$ 799.89 million in 2023 and is expected to reach US$ 3,099.14 million by 2031, registering a CAGR of 18.4% from 2023 to 2031. Increasing implementation of cloud computing services and rising need for digitization are among the critical factors attributed to drive the Asia Pacific distributed cloud market growth.

Public cloud, private cloud, and hybrid cloud are three types of cloud computing. Within these deployment models, there are four main services such as infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), and serverless computing. Various industries, including automobile, education, financial, retail, real estate, agriculture, media, and entertainment, among others, implement these services as these industries require real-time data processing. Distributed clouds, which places resources closer to the end user, can reduce latency, thereby enhancing performance and user experience. Further, the adoption of cloud services is increasing in various economies. For instance, in October 2023, as per the National Association of State Chief Information Offices (NASCIO), most of the state Chief Information Office (CIOs) are developing strategies to optimize the cloud's potential. More than 88% of respondents claimed that their state's agencies are expediting cloud adoption. As businesses grow and their needs evolve, distributed cloud services offer scalable solutions that can be easily incorporated. This flexibility is attractive to industries with fluctuating demands, such as retail during the holiday seasons. Additionally, in May 2024, Bharti Airtel, a telecom operator, and Google Cloud announced a long-term collaboration aimed at delivering innovative cloud solutions to various businesses across India. Thus, the increasing implementation of cloud computing services in several industries drives the distributed cloud market.

On the contrary, the higher deployment cost hampers the growth of Asia Pacific distributed cloud market.

Based on application, the Asia Pacific distributed cloud market is segmented into edge computing, content delivery, Internet of Things, and others. The edge computing segment held 42.9% market share in 2023, amassing US$ 342.96 million. It is projected to garner US$ 1,374.14 million by 2031 to register 18.9% CAGR during 2023-2031.

In terms of service, the Asia Pacific distributed cloud market is categorized into data security, data storage, networking, and others. The data storage segment held 46.5% share of Asia Pacific distributed cloud market in 2023, amassing US$ 371.73 million. It is anticipated to garner US$ 1,650.71 million by 2031 to expand at 20.5% CAGR during 2023-2031.

By enterprise size, the Asia Pacific distributed cloud market is bifurcated into large enterprise and SMEs. The large enterprise segment held 65.2% share of Asia Pacific distributed cloud market in 2023, amassing US$ 521.21 million. It is projected to garner US$ 1,907.15 million by 2031 to expand at 17.6% CAGR from 2023 to 2031.

Based on industry vertical, the Asia Pacific distributed cloud market is segmented into BFSI, healthcare, retail & e-commerce, manufacturing, IT & telecom, energy & utilities, media & entertainment, government & defense, and others. The BFSI segment held 21.0% share of Asia Pacific distributed cloud market in 2023, amassing US$ 167.92 million. It is predicted to garner US$ 702.26 million by 2031 to expand at 19.6% CAGR between 2023 and 2031.

Based on country, the Asia Pacific distributed cloud market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 28.1% share of Asia Pacific distributed cloud market in 2023. It was assessed at US$ 224.54 million in 2023 and is likely to hit US$ 839.81 million by 2031, registering a CAGR of 17.9% during 2023-2031.

Key players operating in the Asia Pacific distributed cloud market are Amazon Web Services Inc, Google LLC, International Business Machines Corp, Oracle Corp, Microsoft Corp, Rackspace Technology Inc, Broadcom Inc, Databricks Inc, Salesforce Inc, and Alibaba Cloud., among others.

• In April 2024, Oracle Corporation Japan announced that it plans to invest more than US$8 billion over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's (OCI) footprint across Japan.
• In May 2023, Rackspace Technology, a leading end-to-end, multicloud technology solutions company, announced the release of Rackspace Object Storage service built on the Dell ECS storage systems.
  
  

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