Public cloud services to hit $10b in APAC
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The public cloud services market in the mature Asia Pacific region is forecast to grow 17.7% in 2017 to total $10 billion, up from $8.5 billion in 2016, according to Gartner.
By 2019, Gartner predicts that total public cloud services spending in the mature AP region will rise to $13.6 billion.
Public cloud services are shared, meterable, elastic and scalable multi-tenanted IT offerings delivered as a subscription-based service to external customers using internet technologies.
Gartner categorizes Australia, New Zealand, Singapore and South Korea as the mature APAC market.
The highest growth for the cloud services market in the mature APAC market comes from software as a service (SaaS) with a 28.5% increase in 2017, and platform as a service (PaaS) growing 26.7% this year.
“The increase in SaaS and PaaS are indicators that migration of application and workloads from on premises data centers to the cloud, as well as development of cloud ready and cloud native applications, are fueling growth in the cloud space,” said Sid Nag, research director at Gartner.
“Software vendors will continue to shift investments from on-premises license-based software to cloud-based offerings.”
Questions & Answers
Q.What does Gartner define as the mature Asia Pacific market for public cloud services?
What does Gartner define as the mature Asia Pacific market for public cloud services?
Gartner classifies Australia, New Zealand, Singapore, and South Korea as the mature Asia Pacific market. These countries are expected to see significant growth in public cloud services spending.
Q.Which public cloud service categories are experiencing the fastest growth in the mature APAC market this year?
Which public cloud service categories are experiencing the fastest growth in the mature APAC market this year?
Software as a Service (SaaS) shows the highest growth at 28.5% in 2017, followed by Platform as a Service (PaaS) which is growing by 26.7%. These areas are driving the market forward.
Q.What factors are contributing to the growth of SaaS and PaaS in the cloud services market?
What factors are contributing to the growth of SaaS and PaaS in the cloud services market?
The growth is fuelled by the migration of applications and workloads from on-premises data centres to the cloud. Also, the development of cloud-ready and cloud-native applications is a key contributor.
Q.How much is the public cloud services market in the mature Asia Pacific region predicted to be worth by 2019?
How much is the public cloud services market in the mature Asia Pacific region predicted to be worth by 2019?
Gartner forecasts that the total public cloud services spending in the mature Asia Pacific region will increase to $13.6 billion by 2019. This represents a substantial rise from the 2017 prediction.
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