Public cloud spending will reach $16.5 billion (US$12.4 billion) in the mature Asia-Pacific region by 2019, according to the latest forecast from analyst firm Gartner.
The mature Asia-Pacific market includes Australia, New Zealand, Singapore and South Korea.
The market is currently expected to grow 12.8 per cent in 2016 to reach $10.81 billion (US$8.11) in 2016, up from $9.58 billion in 2015 (US$7.19 billion).
Perhaps not surprisingly, software-as-a-service is the fastest growing segment in the region, with a projected growth rate of 22.5 per cent, and a revenue projection of $2.22 billion (US$1.67 billion).
“Organisations are pursuing a cloud first strategy focused on migrating software applications to the cloud driving this growth,” said Sid Nag, research director, Gartner.
Cloud management and security services is another fast growing segment, expected to grow from $302.5 million (US$227.5 million) in 2015 to $722.2 million (US$541.8 million) in 2020.
“The growth in cloud management and security services is testimony that cloud related services, in addition to the core cloud services, are critical to cloud adoption. Organisations will look for increased automation and management of these cloud assets, as well as focus on the security aspects of consuming public cloud,” Nag said.
Gartner’s full forecast is included in ‘Forecast: Public Cloud Services, Worldwide, 2014-2020, 1Q16 Update’.
