Sunday, 19 January 2020 23:04

China to dominate Asia Pacific cloud market by 2023

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China will account for one-third of the Asia Pacific cloud computing market by 2023, according to a new report which forecasts that with the increasing presence of ‘hyper-scale’ cloud providers in big data, analytics, artificial intelligence (AI) and Internet of Things (IoT), cloud has emerged as a compelling proposition for the enterprises and governments alike.

According to analyst firm GlobalData’s Market Opportunity Forecasts Model, China, Japan and India will continue to drive the cloud computing market in the APAC region and account for two-thirds of the overall region’s cloud computing market in 2023.

Sunil Kumar Verma, Lead ICT Analyst at GlobalData, says, “Cloud computing market in China is forecast to reach US$84 billion by year-end 2023. Favorable regulatory landscape, growing adoption of cloud by enterprises and the emergence of ‘glocal’ cloud powerhouses such as Alibaba, Tencent and China Telecom will drive the market growth in the country.”

GlobalData says that in Japan, the establishment of Japan Cloud Consortium (JCC) organisation in 2010 to promote the adoption of cloud services is bearing positive results - with cloud computing revenue in Japan estimated to grow at a CAGR of 20.7% during 2018-2023 to reach US$69 billion in 2023.

“Support from the Government, increased investment in ICT infrastructure by public/private enterprises coupled with increasing adoption of cloud services amongst the small and medium-sized enterprises (SMEs) will provide thrust to the growth of cloud in Japan,” Verma says.

In India - the home to the world’s second largest mobile subscriber base - the cloud computing market is estimated to grow at a CAGR of 15.1% during the outlook period, driven by the necessity to serve global demand of enterprises and domestic demand from customers.

The National Digital Communications Policy-2018, which aims to establish India as a global hub for cloud computing, content hosting and delivery, and data communication systems and services, will further aid the country’s cloud computing market growth, says GlobalData.

“Cloud computing will continue to witness upward trend as enterprises are now migrating specialised, high-performance applications to the cloud, with a view to reduce time and cost for new products launch. Improvised monitoring and enhanced visibility provided by the cloud vendors, along with the focus of enterprises to optimize their applications to predominantly a cloud-native environment will further fuel cloud computing growth in the region,” Verma concludes.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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