December 25, 2022

Asia-Pacific Multi-Cloud Computing Apps Growth

Asia-Pacific Multi-Cloud Computing Apps Growth

The senior executive’s quest for meaningful and substantive digital business transformation in the Asia-Pacific region has gained new momentum in 2022. Expectations for digital business model growth are fueling the demand for innovation.

Business leaders are considering the next advancement of cloud computing adoption in terms of technology and services to reap benefits beyond cost reduction and IT team productivity, according to the latest market study by International Data Corporation (IDC).

Multi-Cloud Market Development

“With the multi-cloud environment becoming more manageable, organizations are loving the openness towards having workload portability and getting the best out of their cloud strategy without worrying about challenges of complexities, vendor lock-in, data privacy or governance,” said Shahnawas Latiff, research manager at IDC.

Organizations in the Asia-Pacific region are already experiencing a transformation from a technology and services implementation point and are advancing their investment considering the future innovation needs.

Cloud computing and public cloud service capabilities are imminent investments that enable organizations to differentiate themselves and give them a competitive edge.

IT vendor ecosystem partners and professional service providers offer specialized capabilities to cloud service providers, who are otherwise becoming commoditized by their bare minimum solutions or service.

IDC’s survey findings indicate different levels of cloud computing maturity in terms of a country’s adoption, investments, capabilities, and expected business outcomes.

Though many enterprise organizations have a multi-cloud strategy, they are not using the full capability of those ongoing public cloud investments.

This is now starting to change with service support around issues concerning data privacy, security, governance, complexity, skill availability, and workload portability between the different cloud providers.

According to the IDC assessment, public cloud service providers are exploring several areas to create a competitive advantage and new revenue growth opportunities within the Asia-Pacific region.

These expanding areas of upside growth opportunities are around the extension of cloud Infrastructure as a Service (IaaS) and cloud Platform as a Service (PaaS).

Outlook for Multi-Cloud Enterprise Applications Growth

Beyond infrastructure and platform offerings, they’re exploring cloud edge computing, multi-cloud integration, cloud governance, and deeper cloud ecosystem partnerships.

That said, I anticipate changing service-level agreements arising from a complex multi-cloud computing environment will need closer integration among service providers and technology consultants to enable the customer’s desired business outcomes.

Green public policy is about the commitment to sustainability and environmental management. Having a formal policy shows the world that managing environmental issues is a high priority to address climate change. The global public and private investment levels in green urban infrastructure are expected to increase from $606 billion in 2022 to $978 billion in 2030, according to the latest worldwide market study by ABI Research. Growth will evolve across a wide range of Green assets, including city parks, urban forests, blue spaces such as ponds and lakes, rooftop gardens, green walls and buildings, and pedestrianized green streets as part of new urban concepts. Green Technology Market Development Example projects include the Green makeover of the Champs Élysées in Paris for the 2024 Olympics (€250 million), the redevelopment of the former Athens International Airport into the Metropolitan Park and Coastal Front (€8 billion), and the NEOM Regreening and Saudi Green Initiatives ($187 billi
A reduction in office occupancy and lease terminations, due to the growth of remote work, has had an inverse effect on consumer spending. As an example, despite the economic issues in some markets, spending on smart home devices grew in 2022. According to the latest market study by ABI Research, by the end of the year, smart home hardware revenues  — including devices, hubs, and controllers — will surpass $30 billion worldwide, that’s up by 15 percent over 2021. Smart Home Market Development According to the ABI assessment, driving investments in the face of a sharper economic reality is a growing expectation among consumers for smart home capabilities that deliver greater value. “The COVID pandemic-induced emphasis on home improvement boosted the Smart Home industry,” said Jonathan Collins, research director at ABI Research . The Work-from-Home phenomenon moved into a more mainstream awareness that continues to bolster spending as consumers look to replace or improve d
Business technology leadership matters. Across the globe, more leaders have been pursuing bold Digital Transformation (DX) initiatives with the goal of creating new sources of business value through digital products, services, and experiences. As an additional benefit, the COVID-19 pandemic revealed that digital transformation efforts improve an organization’s resilience against global market disruptions. Global DX investment is forecast to reach $3.4 trillion in 2026 with a five-year compound annual growth rate (CAGR) of 16.3 percent, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development “Despite strong headwinds from global supply chain constraints, soaring inflation, political uncertainty, and an impending recession, investment in digital transformation is expected to remain robust,” said Craig Simpson, senior research manager at IDC . The benefits of investing in DX technology — including aut

Published at Fri, 23 Dec 2022 13:03:00 +0000

TAGS:

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *