The Asia Pacific distributed cloud market was valued at US$ 799.89 million in 2023 and is expected to reach US$ 3,099.14 million by 2031; it is estimated to register a CAGR of 18.4% from 2023 to 2031.
Deployment of 6G Technology Boosts Asia Pacific Distributed Cloud Market
6G is accepted to offer latency in the microsecond range. This allows distributed cloud services to perform real-time processing tasks such as augmented reality (AR), virtual reality (VR), and autonomous driving with unprecedented efficiency. Various companies offer 6G distributed cloud and communications systems. For example, Next G Alliance (NGA) offers a distributed cloud and communications system. It intends to make 6G systems a wide-area cloud with abundant computing and workload distribution across devices, data centers, and network nodes. The 6G distributed cloud and communications system is a step towards joined communication and computing system capabilities that have not been achieved in 4G and 5G on network cloudification and edge computing. Thus, the deployment of 6G technology is anticipated to hold several opportunities for the distributed cloud market growth during the forecast period.
Asia Pacific Distributed Cloud Market Overview
In the Asia Pacific, there is a notable rise in cloud computing growth and investment, with expected growth in public cloud service revenue. China is recognized as the largest public cloud market in the region. Top infrastructure-as-a-service (IaaS) companies such as Alibaba Cloud and Huawei are based in China. Additionally, governments in Asia Pacific are increasingly showing interest in sovereign cloud solutions because of geopolitical disruptions, rising cyber threats, changing data protection laws, and shifts in digital trade policies. In August 2022, Google Cloud will introduce three new cloud regions in Malaysia, Thailand, and New Zealand to cater to the increasing need for cloud services in the Asia Pacific, expanding on the current 11 cloud regions in the area. In general, Asia Pacific is experiencing significant investment, competition, and economic influence in the distributed cloud sector, showcasing its strategic significance and quick digital evolution.
Asia Pacific Distributed Cloud Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Distributed Cloud Market Segmentation
The Asia Pacific distributed cloud market is categorized into application, service, enterprise size, industry vertical, and country.
Based on application, the Asia Pacific distributed cloud market is segmented into edge computing, content delivery, Internet of Things, and others. The edge computing segment held the largest market share in 2023.
In terms of service, the Asia Pacific distributed cloud market is categorized into data security, data storage, networking, and others. The data storage segment held the largest market share in 2023.
By enterprise size, the Asia Pacific distributed cloud market is bifurcated into large enterprise and SMEs. The large enterprise segment held a larger market share in 2023.
Based on industry vertical, the Asia Pacific distributed cloud market is segmented into BFSI, healthcare, retail & e-commerce, manufacturing, IT & telecom, energy & utilities, media & entertainment, government & defense, and others. The BFSI segment held the largest market share in 2023.
By country, the Asia Pacific distributed cloud market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific distributed cloud market share in 2023.
Amazon Web Services Inc, Google LLC, International Business Machines Corp, Oracle Corp, Microsoft Corp, Rackspace Technology Inc, Broadcom Inc, Databricks Inc, Salesforce Inc, and Alibaba Cloud. are some of the leading companies operating in the Asia Pacific distributed cloud market.
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