Asia/Pacific Cloud Services Market Soars with 41.9% YoY Growth in 2015
SINGAPORE, September 15th, 2016 – According to IDC’s Asia/Pacific Semiannual Public Cloud Services (PCS) Tracker, the PCS market in Asia/Pacific (excluding Japan) (APeJ) showed strong growth of 41.9% year-on-year (YoY) in 2015. Cloud continues to find favor among organizations as it offers flexibility, speed, agility and cost effectiveness. The top vendors have mostly been able to ride the wave with the top 10 players making up a combined 43.3% share of the APeJ PCS market.
“There is a slight shake up in the rankings as the public cloud services market matures including the notable exit of Verizon and HP from public cloud. All top three vendors now consist of those predominantly playing in the IaaS market, with Amazon Web Services (AWS) retaining its number one position by a significant margin and even increasing its lead from the rest of the pack as it leveraged on its early mover advantage,” says Daphne Chung, Director of Cloud Services and Software Research, IDC Asia/Pacific.
The shake up in the top rankings saw Salesforce.com dropping to fourth place overall as the relatively slower pace of the more mature SaaS markets in the cloud era. This allowed Alicloud, who has enjoyed good success in its local market of China, to take third place instead in 2015. Microsoft, displaying the best growth among the top 10 players, remains in second place.
Note: Others comprise of companies namely NetSuite, MYOB, VMware, Kingsoft among other vendors
“The market will continue to experience good growth buoyed by digital transformation and the move to the 3rd platform technologies continues and organizations shift gears to the next stage of innovation. Changes in the top 10 will likely happen as new cloud native vendors emerge by finding local success and seeking to expand their fortunes beyond their backyard or simply vendors just outside of the top 10, finding their rhythm in the region and gaining enough momentum to break through,” adds Chung.
The Cloud services market is expected to experience a CAGR of 23.6% over the next five years.
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