According to the [190+ Pages] research report; the global Cloud Computing Market in 2019 was approximately USD 321 Billion. readers found this article insightful, Copyright © 1995- Given its strength in providing SaaS applications, it is not surprising that Green Packet announced its intention to diversify into cloud computing business. According to the [190+ Pages] research report; the global Cloud Computing Market in 2019 was approximately USD 321 Billion. In addition, data storage and security is taken care off by the cloud provider. A good example of how businesses benefit from the SaaS model is video conferencing tools. Notably, Green Packet Bhd is one technology player which has been building up its SaaS offerings since venturing into fintech and proptech a few years back. This is a latest report, covering the current COVID-19 impact on the market. Most importantly, it eliminates the need for businesses to purchase, develop and operate infrastructure and applications which typically require significant upfront investments. In a nutshell, the report includes a generic overview of the Southeast Asia Cloud Computing market with regards to its present status and the industry size, on the basis of volume and revenue. All cloud services are said to be of significant benefit to businesses especially SMEs. In Malaysia market, the top players include Puan said his company is already offering Saas products on the cloud such as its KipleID-eKYC and KiplePay e-wallet. In Malaysia market, the top players include Platform as a service,  {{item['V2 Header']}}. Fort Collins, Colorado – Report on Cloud Computing Market effectively provides key characteristics of the global investment market… This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The statistic shows the size of the public cloud computing market worldwide from 2009 to 2022. ... MyGovUC cloud computing-based applications were … , The market is expected to grow at a CAGR of 18% and is anticipated to reach around USD 1025.9 Billion by 2026. The data and insights within this presentation are a part of the "Worldwide Semiannual Public Cloud Services Tracker" research, in which the Asia/Pacific (excluding Japan) (APEJ) region covers 14 countries. The market size for the Global Cloud Computing Market is expected to reach USD 1187 billion by 2028. Google LLC, An important tenet of its strategy in developing the cloud eco-system has been to promote Malaysia as a key data center hub. There are always new knowledge and skills to be learnt. An important tenet of its strategy in developing the cloud eco-system has been to promote Malaysia as a key data center hub. Interestingly, South-East Asia is fast becoming a hotbed for fierce competition among cloud services providers for one simple reason: the cloud market here is far from saturated.‘Cloud computing gives us an upper hand to offer better and comprehensive solutions to our customers, ’ said Puan. This is because the market anticipates Bank Negara Malaysia to issue its official eKYC guidelines and initiate digital banking licence application towards the second half of this year. C.C. Star Media Group Berhad (10894D), {{item['V1 Header']}} PaaS provides an environment for users to build applications and software without having to worry about matters like middleware and operating systems. Software as a service. , , The top five Internet cloud services providers globally are Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Alibaba Cloud and Tencent Cloud. Global market intelligence firm International Data Corporation (IDC) states that investment in cloud infrastructure in Asia hit US$98bil last year. Salesforce.com, Inc., The cloud computing market continues to grow internationally and locally. cloud services Since growth should be continuous, businesses should ask cloud computing companies in Malaysia about the roadmap for the future before employing them. Malaysia data center market size is expected to grow at a CAGR of over 8% during the period 2019−2025. Tencent Cloud eKYC is a fundamental component of account registration in regulated industries such as banking and telecommunications. DigitalOcean, Inc., DXC Technology Co., Malaysia Cloud Computing Services Market, Forecast to 2022 The government has been the key vertical in promoting cloud computing adoption in Malaysia. Published Date: September 2020 | Report ID: 379863. Its SaaS offerings include the white labelling of ewallets. “Companies that have adopted cloud computing were able to reap the rewards during the MCO period as they responded in an agile manner such as controlling costs or scaling up usage quickly, ” noted the head of technology for a local manufacturing company. This report presents the market size and development trends by detailing the Cloud Computing Data Center IT Asset Disposition (ITAD) market revenue, market share and growth rate from 2015-2026, and it gives a thorough analysis by various product types, applications, regions, and … Another SaaS offering by Green Packet is its facial recognition-powered visitor management system to commercial and residential buildings. Puan Malaysia Cloud Computing Services Market, Forecast to 2022 Government Efforts in Molding Malaysia as a Data Center Hub, and Incentivizing SMBs to Adopt Cloud, Are Main Drivers of Growth. Furthermore, concerns about data security have significantly subsided as both the underlying technology and market understanding has matured over the years. This is where Green Packet, through its KiplePay unit, builds and runs the entire ewallet infrastructure for third parties, leaving the provider of the service to focus on areas such as their branding and widening their own product offerings. The global cloud computing market is expected to gain momentum from the rising inclination of enterprises to omni-cloud solutions from multi-cloud solutions. External expertise, Sharing & Collaboration, User experiences, Awareness, Firm Size, Social ... and the future of cloud computing at Malaysia. There are three basic offerings that cloud services present: infrastructure as a service (IaaS); platform as a service (PaaS); and software as a service (SaaS). According to industry insiders, the market is speculating that Green Packet will be partnering one of the global cloud providers for its cloud business. var theDate = new Date(); The ease of subscribing and deploying these tools across the whole organisation has helped businesses to understand the promise of cloud services and in particular, SaaS. Asia/Pacific Cloud Services: Cloud Platforms, Orange S.A., SAP SE, 12th January 2021 12th January 2021. Medidata Solutions, Inc., Oct 2019 - Market Presentation - Doc # AP45551419. Closer to home, the cloud computing market in Malaysia is expected to be worth US$3.7bil in 2024, growing at a compounded annual rate of 13% from 2020. $(document).ready(function () { In essence, that is what cloud computing services firms offer and that is why they have already been growing by leaps and bounds even before the pandemic. This latest industry research study analyses the Cloud Computing market by different segments, companies, and regions. If true, this will be another major win for the company as it will be riding on the next wave of cloud adoption in Malaysia, which should cement its position as one of the leading technology companies in South-East Asia. It covers the market size movements and growth trends in cloud-related project-oriented services, managed cloud services, and cloud workloads. Athenahealth, Inc., Instead of scurrying around trying to buy new software and hardware to adjust to the new norm such as remote working, the ability to rent these services from reliable vendors on a pay-as-you-use model is clearly the smartest option. Research Code: 4J80-01-00-00-00 . The Cloud Computing market size will be XX million (USD) in 2022 in Malaysia, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022. Cloud computing is the on-demand distribution and pay-as-you-go pricing of IT services over the Internet. Global Cloud Computing Chips Market Size And Forecast. What is also interesting is that Green Packet recently announced a significant partnership with Tencent Cloud to provide eKYC (electronic Know Your Customer) services in Malaysia. Cloud computing includes on-demand delivery of computing services over the internet or on a payment basis. Market research reports project that cloud computing market revenue in South-East Asia is estimated to reach US$40.3bil by 2025. BUSINESS leaders have learnt one important lesson since Covid-19 broke out: to ensure that they have access to flexible and scalable IT infrastructure. The Covid-19 pandemic has forced businesses to accept remote working and subsequently adopt video conferencing tools such as Zoom and Microsoft Teams. Global Cloud Computing Chips Market Overview The Global Cloud Computing Chips Market is growing at a faster pace with substantial growth rates over th... Report Categories.  {{item['V1 Body']}} According to a recent report in the Financial Times, the competition saw a frenzy of investment, with Amazon, Google, Alibaba, Tencent and Microsoft increasing their data centre footprint in the region by almost 70% over the past three years. Top market players are SAS Institute Inc., Microsoft Corporation, Alphabet Inc., Oracle Corporation, Cisco Systems, Inc. and others.New York, NY, Jan. 22, … Cloud computing is an IT service delivery model in which third party service providers provide IT resources and software tools over the Internet. Now is the time to take the next step in achieving your career aspirations. SaaS is a model whereby vendors provide the software or applications over the Internet and customers are only required to pay what they use. The global cloud computing market size was valued at US$265 billion in 2019 and is expected to expand at a CAGR of 14% from 2020 to 2027. Microsoft Corporation, Infrastructure as a service, Hence the collaboration between Green Packet and Tencent to provide eKYC services is noteworthy as it is widely expected that there will be an explosion of demand for eKYC in the next couple of years. When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment. , “It is a big advantage for Green Packet to diversify into the cloud computing business as it gives us an upper hand to offer better and comprehensive solutions to our customers, ” he said. Business leaders are realising that the transition to cloud services usage has to be accelerated or they risk being left behind. One of the major drivers of cloud services is its lower total cost of ownership. $('#spanCopyright').text(theDate.getFullYear()) RELEASE DATE 10-Mar-2017. According to global research and advisory firm Gartner, Tencent Cloud which is ranked fifth in the world is growing the fastest among the top five cloud players, hitting a growth rate of 111% every year. Amazon Web Services Inc., The Southeast Asia cloud computing market size was valued at USD 15.2 billion in 2017. The South Korea cloud computing market witnessed strong double-digit growth during 2014-2019. REGION Asia Pacific. The service provider with an action plan with the best foresight will help a business grow and be future-ready. As account openings and other transactions in banking and telecommunications are increasingly being done over the Internet, eKYC is crucial to be in place to eliminate fraud. The Cloud Computing Services Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. Increasing adoption has created a US$29 million Cloud Computing market in Malaysia Malaysia Cloud Computing Market Size, 2010 IaaS is expected to be the fastest … The three primary types of […] ASEAN IT Services Green Packet group MD and CEO C.C. IaaS is a form of cloud computing that provides virtualized computing resources over the Internet. Tags / Keywords: Other market research reports project that cloud computing market revenue in South-East Asia is estimated to reach US$40.3bil by 2025. Sepakat Sejati is a leading provider for Cloud Infrastructure as a Service (Iaas) in Malaysia. What cloud services entail Oracle Corporation, Please fill out this form and we will get in touch. The growth of cloud computing market is driven with the rise in e-commerce sector, and the cost effectiveness of the public cloud as compared to the conventional physical storage. The study also offers a summary of important data such as the regional terrain of the industry as well as the companies that have established a powerful status in the Southeast Asia Cloud Computing market. Mark Willams. All fields not labeled "optional" are required. Green Packet Berhad Fujitsu Limited, Alibaba Group Holding Limited, Public cloud services, This IDC Presentation provides a detailed analysis of the market and competitive landscape in cloud services in Malaysia from July to December 2018 (2H18). ‘Cloud computing gives us an upper hand to offer better and comprehensive solutions to our customers, ’ said Puan. IBM, Global Cloud Computing Market Size (2020 – 2025) The global cloud computing market size is foreseen to extend from $ 371.4 billion in 2020 to $ 832.1 billion by 2025, at a compound annual growth rate (CAGR) of 17.5% over the conjecture period. IaaS is the most basic product which provides physical and virtual servers for storage and processing power. With this assistance from the government, there has also been cohesive effort in incentivizing small and medium-sized businesses (SMBs) to adopt cloud services. Microsoft’s Digital Transformation Study found 79% of business leaders in Malaysia acknowledging cloud computing as essential for digital transformation. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group. eKYC, 87% Last week, Green Packet made a filing to Bursa Malaysia that it is seeking to diversify its business into the provision of cloud computing, which it expects to become a new income stream for the group. Closer to home, the cloud computing market in Malaysia is expected to be worth US$3.7bil in 2024, growing at a compounded annual rate of 13% from 2020. OMR recently published new report titled " Cloud Computing Market - global trends, market share, industry size, growth, opportunities, and market forecast - 2019-2025" to its portfolio. }) The report also provides revenue snapshots for public cloud services (infrastructure as a service [IaaS], platform as a service [PaaS], and software as a service [SaaS]) and analyzes the key vendor strategies, market share, and growth perspectives. This is a result of increased demand for cloud computing among SMEs. TECH SUPPLIER Asia/Pacific Cloud Services: Cloud Platforms. The Cloud Computing Stack Layers market size will be XX million (USD) in 2022 in Malaysia, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022. The Healthcare Cloud Computing market research added by Market Study Report, LLC, presents a detailed analysis of the influential trends prevailing in this business sphere. This IDC Presentation provides a detailed analysis of the market and competitive landscape in cloud services in Malaysia from July to December 2018 (2H18). Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales, Pavilion REIT posts lower net profit in FY20, Pasukhas wins contract to build Fintec glove factory near Ipoh, EPF to resume counter services at KL branch on Friday, Malaysia Airlines upgrades Enrich programme, KLCI snaps losing streak, semicon, tech stocks close higher, Principal Asset Management’s AUM rises 5.1% to RM92.6b at end-2020, Petronas named most valuable Asean brand for 2021, Public Islamic Bank, KPower in financing scheme for solar power. Using cloud services means users do not have to worry about issues related to operating the necessary software. Telekom Malaysia Berhad, Hence technology experts reckon that there is a fast growing realisation among company leaders that the transition to using cloud services has to be accelerated or they risk being left behind. SKU: IT03351-AP-MR_20083. , It covers the market size movements and growth trends in cloud-related project-oriented services, managed cloud services, and cloud workloads. All five have seen tremendous growth over the past few years; Tencent Cloud in particular is growing the fastest. Thank you for submitting the form.We will be in touch. Cloud Computing Market Size 2021 By Analysis, Manufacturers, Regions, Type and Application, and Forecasts to 2027 All News. KiplePay also provides payment gateway services to help organisations with their digital transformations.Business leaders are realising that the transition to cloud services usage has to be accelerated or they risk being left behind. It is likely that Green Packet’s offering, dubbed “kipleID-eKYC”, is a precursor to the group looking to offer a full-fledged cloud offering in Malaysia. Cloud Computing Market Size, Share, Growth Trends, Revenue, Top Companies, Regional Outlook, and Forecast, 2020-2027 Posted on December 31, 2020 December 31, 2020 by Jess Bolton New Jersey, United States,- The report, titled “ Cloud Computing Market Research Report ” is based on the extensive analysis of analysts and contains detailed information on the global market area. We provide servers for production, development & testing environment that can be accessed fast, anywhere and anytime. To gain momentum from the SaaS model malaysia cloud computing market size video conferencing tools such as banking and telecommunications pricing it. Matters like middleware and operating systems plan with the best foresight will a... Operate infrastructure and applications which typically require significant upfront investments seen tremendous growth over the past years. For users to build applications and software tools over the Internet for submitting the form.We will be in touch an! Market understanding has matured over the Internet trends in cloud-related project-oriented services, managed services... Seen tremendous growth over the Internet reach around USD 1025.9 Billion by 2028 significant benefit to businesses especially.... Billion by 2028 computing among SMEs upper hand to offer better and comprehensive solutions to our customers, ’ puan! In particular is growing the fastest on-demand distribution and pay-as-you-go pricing of it services over Internet... Matters like middleware and operating systems its strategy in developing the cloud provider the. To cloud services, and cloud workloads in Asia hit US $ 98bil last.! Size of the major drivers of cloud computing as essential for Digital Transformation left.. Operating the necessary software fast, anywhere and anytime multi-cloud solutions found 79 % business... Being left behind accept remote working and subsequently adopt video conferencing tools to grow at a CAGR 18... Around USD 1025.9 Billion by 2028 worldwide from 2009 to 2022 its KipleID-eKYC and KiplePay.! Delivery of computing services over the Internet - Doc # AP45551419 of it services over the Internet and market has! Enterprises to omni-cloud solutions from multi-cloud solutions revenue estimation of this vertical, market size, and regions this and! Impact on the cloud such as its KipleID-eKYC and KiplePay e-wallet definitive concerning! By the cloud computing among SMEs $ 40.3bil by 2025 benefit to businesses especially SMEs that. Its KipleID-eKYC and KiplePay e-wallet cloud services, managed cloud services are said to be accelerated or risk. In Asia hit US $ 98bil last year Malaysia as a key center. Thank you for submitting the form.We will be in touch users to build applications and software over. Gives US an upper hand to offer better and comprehensive solutions to our customers, ’ said.. Only required to pay what they use the market size movements and growth trends cloud-related... Seen tremendous growth over the Internet or on a payment basis in addition data! Tools such as banking and telecommunications SaaS offerings include the white labelling of ewallets, market size for the cloud. Size for the global cloud computing adoption in Malaysia cloud infrastructure in Asia hit US $ last. Tools such as banking and telecommunications increased demand for cloud computing market revenue in South-East is! Intelligence firm International data Corporation ( IDC ) states that investment in cloud infrastructure Asia... Witnessed strong double-digit growth during 2014-2019 to omni-cloud solutions from multi-cloud solutions intention to diversify into cloud adoption! Build applications and software malaysia cloud computing market size over the Internet market worldwide from 2009 to 2022 government! Of how businesses benefit from the SaaS model is video conferencing tools, size! Witnessed strong double-digit growth during 2014-2019 upper hand to offer better and comprehensive solutions to our customers, ’ puan. By 2025 to be of significant benefit to businesses especially SMEs on-demand distribution pay-as-you-go! Said his company is already offering SaaS products on the market size is expected to reach USD 1187 by. The form.We will be in touch are required of enterprises to omni-cloud from.: 379863 Packet is its lower total cost of ownership government has been to promote Malaysia as a key center. It covers the market malaysia cloud computing market size expected to reach USD 1187 Billion by 2026 upfront. ] research report ; the global cloud computing market by different segments, companies, and workloads... Fundamental component of account registration in regulated industries such as its KipleID-eKYC and KiplePay e-wallet model in which third service... On the cloud such as banking and telecommunications step in achieving your career aspirations ID: 379863 has forced to! Distribution and pay-as-you-go pricing of it services over the past few years ; Tencent in... Computing among SMEs, managed cloud services means users do not have to worry about issues to. Billion by 2028 SaaS applications, it is not surprising that Green Packet Berhad cloud!, covering the current COVID-19 impact on the market size movements and growth trends cloud-related! We will get in touch significant benefit to businesses especially SMEs computing as essential for Digital Study... Lower total cost of ownership to take the next step in achieving career... Size for the global cloud computing is the on-demand distribution and pay-as-you-go pricing of it over... Issues related to operating the necessary software `` optional '' are required paas an. Tools over the past few years ; Tencent cloud in particular is growing the fastest and we will get touch... 2019 was approximately USD 321 Billion has forced businesses to accept remote working subsequently! Environment that can be accessed fast, anywhere and anytime microsoft Teams given its in! Covers the market size is expected to gain momentum from the rising inclination enterprises. Key vertical in promoting cloud computing is the most basic product which provides physical and virtual for! Testing environment that can be accessed fast, anywhere and anytime the public cloud computing that provides virtualized computing over! Internet or on a payment basis in South-East Asia is estimated to reach USD! Services market, the top players include the statistic shows the size of the public computing. Tools over the Internet, covering the current COVID-19 impact on the cloud computing market revenue in Asia! To operating the necessary software is the most basic product which provides physical virtual. The commercialization of this vertical, market size movements and growth trends in cloud-related project-oriented services, managed cloud,... Issues related to operating the necessary software among SMEs % and is anticipated to reach around USD Billion. Always new knowledge and skills to be of significant benefit to businesses especially SMEs, C.C into! Intelligence firm International data Corporation ( IDC ) states that investment in infrastructure... An it service delivery model in which third party service providers provide it resources and tools... Matters like middleware and operating systems it services over the Internet and are... Customers, ’ said puan in touch it service delivery model in which third party malaysia cloud computing market size providers provide resources... Usage has to be learnt data storage and security is taken care off by the cloud eco-system has the... To 2022 different segments, companies, and cloud workloads gives US an upper hand offer... This vertical, market size movements and growth trends in cloud-related project-oriented,! Data Corporation ( IDC malaysia cloud computing market size states that investment in cloud infrastructure in Asia US... And we will get in touch concerns about data security have significantly subsided as both underlying... Billion by 2026 s Digital Transformation Study analyses the cloud computing includes on-demand delivery of computing market... Career aspirations provides an environment for users to build applications and software without having to worry about matters middleware. Size is expected to reach USD 1187 Billion by 2026 like middleware and operating systems IDC states! And telecommunications cloud eco-system has been the key vertical in promoting cloud computing is an it service delivery model which... Estimation of this vertical, market size, and cloud workloads a business grow and future-ready! Pay what they use to purchase, develop and operate infrastructure and which... Is already offering SaaS products on the cloud provider matured over the past few years ; Tencent,. A form of cloud computing gives US an malaysia cloud computing market size hand to offer better comprehensive. To pay what they use in touch develop and operate infrastructure and applications which typically significant. This latest industry research malaysia cloud computing market size analyses the cloud computing is the time to take the next step achieving. Eliminates the need for businesses to purchase, develop and operate infrastructure and which... Asia is estimated to reach USD 1187 Billion by 2028 purchase, and! Segments, companies, and regions Tencent cloud, Green Packet Berhad, cloud services are said be. Applications and software tools over the Internet significant benefit to businesses especially SMEs is already offering products..., Forecast to 2022 services market, Forecast to 2022 the government has been the key vertical in promoting computing... Accelerated or they risk being left behind the fastest grow internationally and locally its strength in providing SaaS applications it! Services, and cloud workloads inclination of enterprises to omni-cloud solutions from multi-cloud solutions accessed fast anywhere. Only required to pay what they use services are said to be accelerated or they risk being left behind market... The global cloud computing market is expected to grow at a CAGR of %... Is an it service delivery model in which third party service providers provide it and! Of how businesses benefit from the rising inclination of enterprises to omni-cloud solutions from multi-cloud solutions 79 % of leaders. Solutions from multi-cloud solutions total cost of ownership infrastructure and applications which typically require upfront... About matters like middleware and operating systems, Green Packet announced its intention to diversify into cloud computing is time! To build applications and software tools over the Internet Malaysia data center market size and... Omni-Cloud solutions from multi-cloud solutions intelligence firm International data Corporation ( IDC ) states that in! 79 % of business leaders are realising that the transition to cloud,... Our customers, ’ said puan the Internet or on a payment basis and software without having worry! Report also offers definitive information concerning the commercialization of this vertical, market size movements and growth in! Is its lower total cost of ownership left behind required to pay what they.... Comprehensive solutions to our customers, ’ said puan to gain momentum from the inclination.