Asia-Pacific Hybrid Cloud

Asia-Pacific Hybrid Cloud

Hybrid Cloud is a combination of private and public cloud services used by enterprises across various industries. The respective services offer a wide scale of operational tools and storage services to the end users for wide-scale automation and streamlining of their day-to-day work. The hybrid cloud solutions run on a mixed computing environment assisted by the application operating through the combination of storage, services, and computing in different private and public cloud-based data centers. A hybrid cloud also enables companies to migrate and manage their work through different cloud environments.

The Asia-pacific hybrid cloud market is expected to grow at a steady rate of around 19.16% owing to the burgeoning adoption of cloud services by the businesses in the region. The adoption of hybrid cloud computing solutions among the countries in the Asia-pacific region has gained momentum with the increased focus towards the work-from-home scenario as well as inclination towards the cost reduction measures taken by the different industry verticals.

The economic flexibility and security benefits have also promoted businesses in the Asia-pacific region to opt for hybrid solutions rather than renewing their existing on-premises systems.

As per the Alibaba survey being conducted for the Asia-pacific region the investment from the businesses towards cloud computing solutions is anticipated to rise in the coming years. Various countries with the anticipated percentage increase in investment towards cloud computing are Thailand (93%), Indonesia (94%), the Philippines (91%), Hong Kong SAR (83%), and Singapore (83%).

As a result, the hybrid cloud is experiencing a speedy increase, attracting investments in research and development and technological advancements to satisfy the evolving demands of businesses in the Asia-pacific region.

• Based on the services model, the market is segmented into Infrastructure as a Service, Software as a Service, and Platform as a Service. Among these, SaaS has a high market share in 2021 and will dominate during the forecast period. This is due to the higher adoption of Software as a Service application for reducing or eliminating upfront costs for IT resources, maintenance costs, and configuration and implementation requirements. Additionally, with enhanced investments towards SaaS have been observed in the major markets in the Asia-pacific region such as India, Singapore, China, Japan, Indonesia, etc., which is further anticipated to propel the demand for hybrid solutions for SaaS.
• Based on organization size, the market is segmented into SMEs (small and medium enterprises), and large enterprises. Among these, large enterprises have held a significant market share in the Asia-Pacific Hybrid Cloud Computing Market in 2021. The majority of the large institution and businesses including IT service providers, healthcare institutions, banking and financial institutions, government departments, etc., are focusing on digitalization which requires using of cloud-based servers for saving as well as retrieving data from remote locations. With the handling of large volumes of data as well as improving operational efficiency, large enterprises would sustain their higher share in the forecasted period.
• The Asia-Pacific Hybrid Cloud Computing market end-users are segmented into BFSI, IT & telecom, retail, manufacturing, healthcare, etc. Of these BFSI and IT & Telecom have held the major market share in the Asia-pacific region. With the rapid advancement needs in financial transaction and data security as well as induced requirements due to digital banking services adoption by the customers. Additionally, with the rapid advancement in software development as well as application-based services used by the customers, a higher deployment of hybrid computing solutions has been observed among the IT & Telecom providers in the region.
• For a better understanding of the market adoption of the hybrid cloud, the market is analyzed based on its regional presence in countries such as China, India, Japan, South Korea, etc. China is projected to be the biggest market for hybrid cloud services in the forecast period due to rapid industrialization, increasing population, and urbanization. China Hybrid Cloud Computing market has witnessed remarkable growth in the Asia-pacific region in the historical years. As COVID-19 pandemic slowed down offline businesses but accelerated the cloud application in China with the emergence of new businesses such as online entertainment and work-from-home. The finance, retail, IT, and entertainment industry are also showing high growth rates in the region with an impressive rise in the average internet-using population, which is promoting the integration of hybrid cloud in the sectors. For instance, Alibaba Cloud, Amazon Web Cloud, Tencent Cloud, and Huawei Cloud are some of the prominent hybrid cloud computing providers in the country that have offered IaaS, PaaS, and SaaS services to customers with emerging needs for industrial cloud platforms and industrial internet, rising expansion of automobile industry, etc.
• Some of the major players operating in the market include IBM, Amazon Web Services (AWS), Cisco Systems Inc., Microsoft, Google, Splunk Inc., Oracle Corporation, Fujitsu Ltd, Dell Technologies Inc.,Hewlett Packard Enterprises, Citrix Systems, etc.