Fueling the Future: Asia-Pacific Hybrid Cloud Market Surges with a 19.16% CAGR

According to a new report published by UnivDatos Markets Insights, the Asia-pacific hybrid cloud market was valued at USD 22.57 billion in 2022 & is expected to grow at a CAGR of 19.16% from 2023-2030. The analysis has been segmented into Service Model (Infrastructure as a Service, Software as a Service, and Platform as a Service), By Organization Size (SMEs (Small and Medium Enterprises), and large enterprises), End User (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Others) and Country.

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The Asia-pacific hybrid cloud market reports have been aggregated by collecting informative data on various dynamics, such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Asia-pacific hybrid cloud market. The Asia-pacific hybrid cloud market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Asia-pacific hybrid cloud market at the regional and country levels.

Key Market Opportunities

The advent of multi-cloud has opened immense possibilities for the Asia-pacific hybrid cloud market, which has gained a sizeable thrust due to higher requirements for digital services of the organization’s operation through remote locations. Additionally, with the rapid advancement in software development and application-based services used by the customers, a higher deployment of hybrid computing solutions has been observed among the BFSI, IT & Telecom providers in the region.

Multi-Cloud is one of the emerging opportunity areas for the hybrid cloud providers in the region as it offers businesses to opt for multiple public cloud networks with or without the combination of private cloud. As the companies have started offering multi-cloud solutions to the companies as it offers to choose from different vendors by providing flexibility to match the required features and capabilities successfully utilizing the resources. Additionally, the multi-cloud network also offers direct control over the cost as well as reducing uptime, downtime, and latency-related issues for the business which would be pivotal for operational excellence. Many of the large enterprises in the region have started adopting multi-cloud computing solutions for instance, in 2021, Palo Alto Networks, a cybersecurity provider in India announced its adoption of a multi-cloud location for serving its Indian and foreign clients.

Segmentation Details:

·???????? By services model, the market is divided into Infrastructure as a Service, Software as a Service, and Platform as a Service. The SaaS segment dominated the market in 2022.

·???????? By organization size, the market is segmented into SMEs (small and medium enterprises), and large enterprises. Large enterprises is currently the leading segment and is expected to dominate the segment in the forecast period.

·???????? By end user, the market is segmented into BFSI, IT & telecom, retail, manufacturing, healthcare, and others. The IT & Telecom segment is currently the leading and is expected to dominate the segment in the forecast period.

Asia-pacific hybrid cloud Market Geographical Segmentation Includes:

·???????? China

·???????? India

·???????? Japan

·???????? South Korea

·???????? Rest of the Asia-Pacific

China region would exhibit the highest CAGR during 2023-2030 fueled by a combination of factors that have created a perfect storm of prosperity for this industry. 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.

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.

Many of the banks in the country have also started shifting towards hybrid and other public cloud computing networks, which has proven to be instrumental in the higher demand for hybrid cloud solutions in the country.

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For instance, in 2021, China’s Central bank announced its plans to upgrade the digital infrastructure for financial technology. This includes data centers and the network linking all the branches of the cloud network.

Additionally, overall, cloud computing has emerged as a major contributor to the growth of the IT services and solutions market in China. According to the China Ministry of Industry & Information Technology, enterprise demand for new digital services such as cloud computing, big data, and data centers were the biggest drivers for the increased revenue of the IT sector in 2021. Revenue from the respective categories increased by 27.8% in 2021, subsequently providing ample thrust to the IT sector in China. As hybrid cloud is a more flexible approach for the businesses in the country which have long been working on private cloud networks and seeking a bridging gap between private and public cloud computing the deployment of hybrid cloud computing solutions in China is anticipated to grow in the coming years.

?Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating in the region. The specialist team of research analysts sheds light on various traits such as regional market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Asia-pacific hybrid cloud market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·???????? In 2022, Google Cloud and PT DCI Indonesia Tbk announced their collaboration for assistance to enterprises to help overcome the challenges related to cloud migration which would be crucial for easier adoption of cloud computing solutions, including hybrid cloud. DCI has developed a local hybrid innovation named DCI Database Solution (EDS). The DCI EDS solutions available as managed services on google cloud would allow enterprises with specialized databases.

·???????? In 2022, CloudSigma an IaaS provider, announced to launch of a Tokyo-based cloud with IPS (telecom provider). The cloud would help build a robust telecommunication infrastructure for offering IaaS services to customers.

Key questions resolved through this analytical market research report include:

? What are the latest trends, new patterns, and technological advancements in the Asia-pacific hybrid cloud market?

? Which factors are influencing the Asia-pacific hybrid cloud market over the forecast period?

? What are the regional challenges, threats, and risks in the Asia-pacific hybrid cloud market?

? Which factors are propelling and restraining the Asia-pacific hybrid cloud market?

? What are the demanding countries of the Asia-pacific hybrid cloud market?

? What will be the regional market size in the upcoming years?

? What are the crucial market acquisition strategies and policies applied by regional companies?

? What are the descriptive profiles of key companies along with their SWOT analysis?

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