The Global Private Cloud Server Market size is expected to reach $183 billion by 2025, rising at a market growth of 29.4% CAGR during the forecast period. On a geographic perspective, China will be the largest country market for public cloud services in 2019 with its $12.9 billion spending to account for about 49.7% of Asia Pacific* spending. The global public cloud market reached around 270 billion in the year 2016 and is expected to cross USD 1100 billion by the end of 2023 by registering a CAGR of around 23% across the globe over the forecast period 2017-2023. July 07, 2020 10:03 am +08. The Southeast Asia cloud computing market revenue is estimated to reach USD 40.32 billion by 2025 driven by the increasing demand for the cloud computing among the emerging small and medium size business organizations in this region. Public cloud migration market is estimated to reach at a growth rate of 24.50% in the forecast period of 2020 to 2027. The Global Public Cloud Market size is expected to reach $488.5 billion by 2026, rising at a market growth of 16% CAGR during the forecast period. The public cloud service market is expected to reach $623.3 billion by 2023 worldwide. Amazon, Microsoft, Google and Alibaba Strengthen their Grip on the Public Cloud Market. Worldwide public cloud services market revenue is projected to grow 18.5% in 2017 reaching $260.2B, up from $219.6B in 2016. The public cloud is where the vendor can provide companies with access to their data center infrastructure. Surin Murugiah / theedgemarkets.com . K Raman, Managing Director, Microsoft Malaysia . Throughout that period Amazon’s worldwide market share has … Cloud adoption in Malaysia's financial services sector not fast enough — Nutanix. The forecast and analysis of Public And Private Cloud Storage market by type, application, and region are also presented in this chapter. The prevalence of private cloud systems is primarily due to its safety and control capabilities for companies with compliance issues. NEW YORK, Nov. 6, 2019 /PRNewswire/ -- The Global Private Cloud Server Market size is expected to reach $183 billion by 2025, rising at a market growth of … Recently, Huawei set up its cloud and AI business department in Asia-Pacific, including Malaysia, and launched its motto ,"Grow with Intelligence". The global public cloud service in BFSI market is segmented on the basis of service type, end user, and region. Singapore has highly penetrated public cloud market in APAC region, expected to grow at 20% CAGR to US$3.5 billion by 2023. The U.S. and Canada have taken a lead in the implementation of private cloud server solutions owing to the growing volumes of transactions and subsequently the data at the organizations based in these countries. New data from Synergy Research Group shows that the leading four providers of public cloud services accounted for 72% of the worldwide market for IaaS and PaaS in Q3, up from 57% at the beginning of 2016. According to this Market Share conducted by global analyst firm Gartner, Alibaba Cloud led the Asia Pacific market for IaaS and IUS with 19.6% market share (+4.7% market … by Ty Trumbull • Mar 28, 2019. They are responsible for all management, repair, security and upgrades. Further, the think tank expects public cloud services to grow by almost three times over the forecast period (2018-2023) with a five-year compound annual growth rate (CAGR) of 33.9 percent reaching US$76.1 billion by 2023. The Southeast Asia cloud computing market size was valued at USD 15.2 billion in 2017. Most businesses have realised that their flexibility, speed and ability to adapt to emerging market trends in coming years will depend on adopting a successful cloud strategy. Based on service type, it is bifurcated into infrastructure as a service (IAAS) and platform as a service (PAAS). The end user segment includes banks, trade finance houses, and others. Gartner predicts the worldwide public cloud services market … A hybrid cloud is a type of cloud computing that combines on-premises infrastructure—or a private cloud—with a public cloud. Singapore is one of the most advanced public cloud markets in the APAC region. Hybrid clouds allow data and apps to move between the two environments. A Closer Look at the Public Cloud Services Market. It provides competitive situation and market concentration status along with the basic information of these players 66% of enterprises already have a central cloud team or a cloud center of excellence. When it comes to public cloud services market share, Microsoft Azure is closing the gap vs. Amazon Web Services (), while Google Cloud Platform‘s (CSP) stake in the market essentially remains flat, according to Rightscale’s State of the Cloud report. Australia ($3.9 billion) and India ($2.8 billion) will be in second and third place respectively in terms of Cloud Spending in the region. Jan 25, 2021 (AmericaNewsHour) -- Global Public Cloud Market Analysis - 2017-2023 Public cloud … Public cloud adoption is increasing and private cloud adoption is declining, according to the “2019 State of the Cloud” report from IT asset management provider Flexera.Also, the report revealed that Amazon Web Services (AWS) is the top choice among public cloud services, followed by Microsoft Azure and Google Cloud Platform. In its recent survey of 1200 IT leaders across Asia on hybrid cloud, the cloud usage in Malaysia will be Hybrid cloud (50%), private cloud (31% and public cloud (19%.) Cloud computing is projected to have the second-highest annual growth rate of 19.1%. The research report segments the market from a relevan The global public cloud market was valued at US$ XX Mn in 2018 and is expected to reach US$ XX Mn by the end of the forecast period, growing at a CAGR of XX% during the period from 2019 to 2026. The MarketWatch News Department was not involved in the creation of this content. Growth Highlights based on Region during 2018-2023. RENO, NV, October 29, 2019. Public cloud services revenue in Asia-Pacific region 2015-2020; Cloud services market size in Italy 2015-2019 ; Latin America: IaaS market size 2017-2022; Latin America: number of cloud … The report, released in February 2019, reveals several interesting cloud market updates. The public cloud services market in the mature Asia/Pacific (AP) region is forecast to grow 17.7 percent in 2017 to total $10 billion, up from $8.5 billion in 2016, according to Gartner, Inc. By 2019, Gartner predicts that total public cloud services spending in the mature AP region will rise to $13.6 billion. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 94% of enterprises already use a cloud service. Public IaaS and PaaS are the most prominent segments of the cloud infrastructure services market and account for the bulk of the revenues, with the balance coming from managed or hosted private cloud services. Infrastructure as a Service (IaaS) is … Cloud computing is primarily for sharing network of servers that serves centralized data to remote devices through internet. Chapter 2 is about the market landscape and major players. We have the skills and expertise to migrate and modernize your VMware-based workloads. New Report On Southeast Asia Public Cloud Market Report (2014-2024)-Market Size, Share, Price, Trend and Forecast added to Orbisresearch.com store which … 30% of all IT budgets are allocated to cloud computing. We offer a full spectrum of compute choices—from Virtual Private Cloud (VPC) to bare metal servers—to meet your application needs. Cloud Computing is projected to increase from $67B in 2015 to $162B in 2020 attaining a compound annual growth rate (CAGR) of 19%. The growth of cloud computing market is driven with the rise in e-commerce sector, and the cost effectiveness of the public cloud as compared to the conventional physical storage.. The North America regional market dominated the global market in 2018 with a market share of more than 48% market share. Within public cloud the APAC region does not yet account for a third of the worldwide market but it is growing much more rapidly than either the North American or EMEA … The increased use of public cloud services has reinforced cloud adoption to be the ‘new normal,’ now more than ever.” The proportion of IT spending that is shifting to cloud will accelerate in the aftermath of the COVID-19 crisis, with cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020. At the same time, the need to get cloud right, and to not disrupt business-critical functions in the process, weighs heavily on those who will be responsible for implementing a cloud-native approach. 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