The Asia Pacific cloud computing market is expected to grow from US$ 94,433.92 million in 2022 to US$ 370,852.00 million by 2028; it is estimated to grow at a CAGR of 25.6% from 2022 to 2028.
Organizations accept cloud services as a viable IT deployment model. The most popular rationale for cloud adoption continues to be its flexibility and data security of the cloud as a delivery platform. Many businesses have already migrated to one or more cloud services, influencing others to uptake the cloud to gain a competitive advantage. Cloud is now recognized as a credible deployment model within the context of an organization’s IT strategy, and the two-thirds of end users are utilizing a cloud service to expand their footprint across the world. Cloud service providers are performing various strategic activities to expand their regional footprint while maintaining their innovation and commercial leadership. For instance, in September 2021, the cloud deployment service Qovery raised US$4 million in funding. The company intends to support Google Cloud Platform as well. In September 2021, RunX raised US$ 4.1 million to make cloud infrastructure deployment easier for developers. In July 2019, Google LLC acquired Elastifile, an enterprise cloud storage provider, to expand its cloud-based file storage capabilities for enterprise-grade applications. The former company’s current file storage offerings, third-party partner offerings, and Cloud File store were all broadened due to this acquisition. Thus, the rise in investments in cloud-based technologies is expected to fuel the growth of the cloud computing market over the forecast period.
By introducing new features and technologies, vendors in the Asia Pacific cloud computing market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market growth at a notable CAGR during the forecast period.
Asia Pacific Cloud Computing Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Cloud Computing Market Segmentation
The Asia Pacific cloud computing market is segmented on the basis of service model, deployment model, organization size, industry verticals, and country. Based on service model, the market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Based on deployment model, the Asia Pacific cloud computing market is bifurcated into public cloud and private cloud. By organization size, the market is segmented into small & medium-sized enterprises (SMEs) and large enterprises. Based on industry verticals , the Asia Pacific cloud computing market is segmented into BFSI, IT and Telecom, government and public sector, retail and consumer goods, manufacturing, healthcare and life sciences, and others. Based on country, the Asia Pacific cloud computing market is segmented into the China ,Japan ,India , Australia ,South Korea and Rest of Asia Pacific.
Asia Pacific Cloud Computing Market —Companies Mentioned
Amazon Web Services ; Microsoft Corporation ; SAP SE ; IBM Corporation ; Salesforce.com, inc. ; Google LLC ; Oracle Corporation ; Alibaba Group Holding Limited ; Adobe and Workday, Inc. are a few major companies operating in the Asia Pacific cloud computing market .
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 94,433.92 Million |
| Market Size by 2028 | US$ 370,852.00 Million |
| CAGR (2022 - 2028) | 25.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Service Model
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Cloud Computing Market is valued at US$ 94,433.92 Million in 2022, it is projected to reach US$ 370,852.00 Million by 2028.
As per our report Asia Pacific Cloud Computing Market, the market size is valued at US$ 94,433.92 Million in 2022, projecting it to reach US$ 370,852.00 Million by 2028. This translates to a CAGR of approximately 25.6% during the forecast period.
The Asia Pacific Cloud Computing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cloud Computing Market report:
The Asia Pacific Cloud Computing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cloud Computing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cloud Computing Market value chain can benefit from the information contained in a comprehensive market report.
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