Southeast Asia Cloud Computing Market: Global Trends, Size, Growth and Forecast 2023-2028

The latest research study “Southeast Asia Cloud Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The Southeast Asia cloud computing market is expected to exhibit a growth rate (CAGR) of 12.5% during 2023-2028.

Cloud computing is a technology providing on-demand computing services over the internet. It deploys a network of remote servers for storing, managing, and processing data accessible at any location and time. It consists of three kinds of services, including Platform-as-a-Service (PaaS), software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS). In addition, it is extensively used by corporations for application development and data storage, testing, and backup, resource management, and orchestration service. Nowadays, cloud computing is widely adopted in manufacturing, information, and technology (IT) and telecom, banking, financial services and insurance (BFSI), healthcare, media, and entertainment across the region.

The market is primarily driven by escalating demand for cloud computing services across the region. In addition, the widespread adoption of cloud services among organizations owing to their several benefits, such as on-demand computing services and low initial infrastructure costs, are contributing to the market growth. Moreover, the sudden outbreak of the coronavirus (COVID-19) disease pandemic led to the growing popularity of hybrid and remote work culture, consequently increasing the demand for SaaS services that enable collaborative teams to access previously centralized data and analytics, representing another major growth-inducing factor. Besides this, the escalating demand for cloud-based infrastructure in the public sector to enhance security and improve customer experience is providing a positive thrust to the market growth. Furthermore, the implementation of favorable government initiatives, such as cloud-first and investments in research and development (R&D) activities among key players to provide innovative cloud solutions, is propelling the market across the region.

The report has been segmented the market into following categories:

• Infrastructure as a Service (IaaS)

• Platform as a Service (PaaS)

• Software as a Service (SaaS)

• Application Development and Testing

• Business Analytics

• Data Storage, Backup and Disaster Recovery

• Integration and Orchestration

• Collaboration and Content Management

• Others

• Public

• Private

• Hybrid

• Large Enterprise

• Small and Medium Enterprise

• BFSI

• IT and Telecom

• Retail and Consumer Goods

• Energy and Utilities

• Healthcare

• Media and Entertainment

• Government and Public Sector

• Others

• Indonesia

• Philippines

• Vietnam

• Malaysia

• Singapore

• Thailand

• Others

The major players in the market are Alibaba Group Holding Limited, Cisco Systems, Inc., Dell Technologies Inc., Google LLC, Amazon Web Services, Akamai Technologies, Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Microsoft Corporation, and Nippon Telegraph and Telephone Corporation.