Public cloud market in Asia Pacific to reach $153.6 bn: IDC

The public cloud services market in Asia Pacific (excluding Japan) will reach $153.6 billion in 2026, IDC report said.
IDC report on Public Cloud Services in Asia PacificIDC expects public cloud services market in Asia Pacific to grow in 2022 at 25.9 percent in comparison to 36.3 percent in 2021. IDC expects the growth rates to slow down beginning from 2023 with a growth of 24.1 percent, to 21.4 percent in 2026.

“Organizations in the APeJ region are progressing their cloud adoption along the advancements offered by the cloud market segment. Organizations will continue to invest in these adjacent technologies to enhance their customer experience and business outcomes,” says Shahnawas Latiff, Research Manager, Cloud Services, IDC Asia Pacific.

Infrastructure as a service (IaaS) will achieve a market value of $65.6 billion and make up 42.7 percent of the Asia Pacific public cloud services market in 2026. IDC predicts more organizations will continue to mature and optimize IaaS adoption and workloads to reduce capital expenditure and to operate more efficiently. Dedicated and local infrastructure service will be utilized to differentiate the IaaS offerings.

Platform as a service (PaaS) will reach a market value of $29.8 billion, contributing to 19.4 percent of Asia Pacific public cloud services market in 2026. Feature-rich enhancements in the PaaS portfolio will enable organizations to enrich their application development and have a faster ROI.

Software as a service (SaaS) will grow almost more than double from $22.9 billion in 2021 to $58.1 billion in 2026, contributing to 37.8 percent of the Asia Pacific public cloud services market.

SaaS growth is attributed to organizations who want to streamline their operations and process by transforming their applications into scalable modules. SaaS helps realize a quicker RoI model under the larger DX initiatives for both cloud providers and cloud customers.

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