Southeast Asia Cloud Computing Market

Market Overview:

The Southeast Asia cloud computing market size reached US$ 188.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 478.6 Billion by 2032, exhibiting a growth rate (CAGR) of 10.93% during 2024-2032.

Cloud computing refers to the technology that delivers on-demand computing services over the internet. It uses a network of remote servers instead of a local server to manage, store, and process the data, making it accessible at any time from any location. Cloud computing primarily comprises of three types of services, including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). It is widely adopted by businesses for application development and testing, data storage and backup, resource management, orchestration services, etc. As a result, cloud computing finds numerous applications across diverse sectors, including IT and telecom, healthcare, BFSI, manufacturing, retail, media and entertainment, etc.

Southeast Asia Cloud Computing Market Trends:

The growing popularity of cloud services among organizations owing to numerous associated benefits, such as low initial infrastructure costs and availability of computing services on demand, is primarily driving the South Asia cloud computing market. In addition to this, the emerging trend of remote and hybrid working modules during the COVID-19 pandemic has resulted in an increased requirement for SaaS services that allow collaborative teams to access formerly centralized data and analytics. This is further augmenting the demand for cloud computing solutions in the region. Moreover, the rising utilization of cloud-based infrastructures across various industries, such as government and public sector, BFSI, healthcare, etc., due to the escalating need for enhanced security and better customer experience is acting as another signficant growth-inducing factor. Besides this, numerous initiatives by the Southeast Asian government bodies to encourage cloud adoption within the private and public sectors are also augmenting the regional market. For instance, the 'Cloud First' initiative by the Thailand government, which aims to shift 80% of public data to hybrid cloud systems, would enable the public sector to develop services quickly without investing a lot of money in ICT infrastructures, such as data centers or servers. Additionally, several organizations are increasingly opting for multi-cloud environments and specialized cloud services, with individual clouds used for scaling client-facing systems, big data analytics, machine learning, etc. This, in turn, is also creating a positive outlook for the market. Moreover, significant investments in R&D activities to offer innovative solutions for analytics cloud, cloud platforms, high-performance analytics appliances (HANA), and the business technology platform (BTP), are expected to drive the South Asia cloud computing market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Southeast Asia cloud computing market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on 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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services Inc., Akamai Technologies, Inc., Alibaba Group Holding Limited, Cisco Systems, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., and Microsoft Corporation.

Report Coverage: