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Public cloud services to hit $10b in APAC: Gartner

08-02-2017 | Global Updates
The public cloud services market in the mature Asia Pacific region is forecast to grow 17.7% in 2017 to total $10 billion, up from $8.5 billion in 2016, according to Gartner.

By 2019, Gartner predicts that total public cloud services spending in the mature AP region will rise to $13.6 billion.

Public cloud services are shared, meterable, elastic and scalable multi-tenanted IT offerings delivered as a subscription-based service to external customers using internet technologies.

Gartner categorizes Australia, New Zealand, Singapore and South Korea as the mature APAC market.

The highest growth for the cloud services market in the mature APAC market comes from software as a service (SaaS) with a 28.5% increase in 2017, and platform as a service (PaaS) growing 26.7% this year.

“The increase in SaaS and PaaS are indicators that migration of application and workloads from on premises data centers to the cloud, as well as development of cloud ready and cloud native applications, are fueling growth in the cloud space," said Sid Nag, research director at Gartner.

“Software vendors will continue to shift investments from on-premises license-based software to cloud-based offerings.”