target audience: TECH SUPPLIER Publication date: Mar 2023 - Document type: Market Share - Doc Document number: # AP49168523
Asia/Pacific (Excluding Japan) PCS Market Shares, 1H22: Evolving Opportunities by Disrupting Adjacent Market
"The APEJ public cloud service market grew 28.3% YoY in 1H22 with revenue totaling US$38.4 billion. IaaS and SaaS market shares remained consistent, whereas PaaS increased its market share mainly from the growth of data management software and AI platforms markets. Organizations are advancing their cloud adoption in terms of service adoption and achieving business outcomes. Customers are looking beyond gaining productivity outcomes and cloud SPs are enhancing their product and service offerings to address these current needs. Multicloud is the preferred cloud strategy in the region, and organizations are pivoting through their cloud models to improve technical and business value," says Shahnawas Latiff, research manager, IDC APEJ Cloud Services.