The public cloud services market in the mature Asia Pacific region is on pace to grow 12.8% in 2016 to total $8.11 billion, up from $7.19 billion in 2015.
According to Gartner, by 2019 total public cloud services spending in the mature Asia Pacific region will rise to $12.4 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 Asia Pacific market.
Software as a service (SaaS) is fastest growth segment of the public cloud services market in the mature APAC region with a projected growth rate of 22.5%, and a revenue projection of $1.67 billion.
“The public cloud market continues to grow in the mature APAC market with SaaS as the primary growth segment,” Gartner research director Sid Nag said.
“Organizations are pursuing a cloud first strategy focused on migrating software applications to the cloud driving this growth.”
The analyst further said “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.”
“Organizations 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.