By Asia Cloud Forum staff 04-Oct-2011
Ovum predicted the public cloud services market in Asia Pacific to increase five-fold in the next five years. Japan will remain as the top contributor for the growth, with China, India, New Zealand, and Australia expected to grow at faster rates.
Steve Hodgkinson (pictured), Ovum Asia Pacific IT research director, said the region’s cloud market will grow in the next three years and reach US$7.5B by 2014 from a base of around $2.9B this year.
Within five years, the region’s cloud market is expected to reach US$12 billion in 2016, according to the Ovum report.
Ovum market intelligence’s senior analyst Saurabh Sharma said that among the factors driving the continuous growth of cloud services include the increasingly favorable economic conditions and the fast improving infrastructure environment in the region.
Several cloud service providers have also seen the importance of the region as a high growth market by choosing to set up data center facilities in key areas in the region recently.
“Asia Pacific public cloud services market will register the fastest growth rate among the regions in the world due to the increasing interest of SMBs as they realize the strategic gains associated with the shift to cloud,” Sharma said.
In terms of the cloud computing services, the Ovum report said SaaS will shrink from 87% of the market in 2011, to 62% in 2016, as IaaS and PaaS continue to increase in popularity. IaaS and PaaS will grow from nine per cent and five per cent, respectively, to 23% and 16%, within five years.
Laurent Lachal, Ovum’s cloud computing senior analyst, added while the market is expected to grow, the impact of public clouds will not render IT departments obsolete, but will rather experience a shift in focus in terms of providing technical and application support to end users.