Public Cloud Services market

Majority of organizations have pivoted rapidly toward a digital-centric modus operandi to adapt to new ways of operating, working, and selling products and services amid various disruptions.

These organizations progressively demand better outcomes from their adoption of digital technologies to increase efficiency, accelerate time to market, provide empathetic customer experience, make quicker decisions, and respond faster to customers. In #IDC’s view, cloud technologies are the core building blocks for the future of digital infrastructure that can meet the following challenges.

Infrastructure as a service (IaaS) will achieve a market value of US$80.7 billion and make up 48.8% of the Asia/Pacific* PCS market in 2026. IDC predicts more organizations will continue to accelerate IaaS adoption to reduce risks associated with capital expenditure to operate more efficiently and profitably.

Organizations are progressively pursuing consistent, security, performance, and compliance across all resources by deploying, operating, and scaling digital infrastructure in dedicated datacenters (DCs), private cloud, PCS, and edge locations.

Platform as a service (PaaS) will reach a market value of US$27.4 billion, contributing to 16.6% of the Asia/Pacific* PCS market in 2026. Growth is fueled by organizations that are gradually shifting application development in-house to have better control and those exploring ways to allocate development functions to non-IT staff using low-code/no-code platforms.

Software as a service (SaaS) will grow almost three times from US$20.8 billion in 2021 to US$57.1 billion in 2026, contributing to 34.6% of the entire Asia/Pacific* PCS market by then. SaaS growth is attributed to continual adoption of core enterprise applications, such as customer relationship management (CRM) and enterprise resource management (ERM).

These remain as top priorities as organizations desire to obtain 360-degree visibility

By VARINDIA| 25 views