The Asia Pacific Cloud Computing Market would witness market growth of 16.0% CAGR during the forecast period (2022-2028).
Some of the most significant aspects that are considerably fueling the expansion of the cloud computing market include the increasing emphasis on customer satisfaction, growing demand for controlling operational costs, and the increasing need for controlling capital expenditure. The demand for cloud computing services is increasing worldwide due to several key criteria, including data security, meeting compliance requirements, and speedy data recovery.
The primary factors that have contributed significantly to the growth of the cloud computing market over the past few years include the rising demand for various OTT platforms like Netflix, Amazon Prime, Disney+Hotstar, and Apple TV as well as the increased adoption of online communication tools like Netflix, Microsoft Teams, Google Meet, and Skype.
The government of China is driving Chinese industries' digital transformation to unprecedented heights. In order to enhance the governance structure of the digital economy, Beijing also intends to make digital public services more inclusive. In order to do this, the Chinese government is stepping up its funding for 6G research and development and fostering innovation in key sectors like integrated circuits and AI (artificial intelligence). Cloud service providers in China should prioritize delivering improved technological performance while simultaneously guaranteeing data security.
The China market dominated the Asia Pacific Cloud Computing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $93,427.6 million by 2028.The Japan market is estimated to grow a CAGR of 15.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 16.7% during (2022 - 2028).
Based on Service Type, the market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Media & Entertainment, Energy & Utilities, Healthcare, Government & Public Sector and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cloud Computing Market is Projected to reach USD 1143.2 Billion by 2028, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, IBM Corporation, Oracle Corporation, Amazon.com, Inc., Microsoft Corporation, SAP SE, Salesforce.com, Inc., Adobe, Inc., Alibaba Group Holding Limited, and Workday, Inc.
By Service Type
By Deployment
By Enterprise Size
By End-use
By Country
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