The Indonesia Cloud Market size is estimated at USD 2.13 billion in 2024, and is expected to reach USD 4.21 billion by 2029, growing at a CAGR of 14.52% during the forecast period (2024-2029).
The Indonesia Cloud market exhibits a semi consolidated featuring several key players, including many more. These companies actively engage in strategic partnerships and product development initiatives to expand their market presence.
In November 2023, Circles, a technology firm, has rapidly deployed its Circles X telco-as-a-service solution in Indonesia, guided by Google Cloud’s DevOps Research and Assessment (DORA) metrics. This rapid deployment was made possible with the infrastructure-as-code protocol enabled by Google Kubernetes Engine (GKE) and other critical Google Cloud-managed services like CloudSQL, DataProc, Filestore, Cloud CDN, Pub/Sub, and Cloud Storage. Building the digital telco offering on GKE helped Circles and the Indonesian MNO save significantly on costs, eliminate dependencies, and improve developer efficiency and deployment frequency for faster go to market.
In July 2023, Tencent Cloud, the China-based tech group's cloud business, announced a collaboration with Allo Bank, one of Indonesia's most prominent digital banking platforms, to boost digital banking in the country. In this strategic agreement, Allo Bank will leverage Tencent Cloud's local market knowledge and technology solutions that can help scale and streamline the digital banking platform.
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