Frost Sullivan Released the Emerging Asia-Pacific Hybrid Cloud Market Report, 2022
- Written by Media Outreach
BANGKOK THAILAND - Media OutReach Newswire - 19 December 2023 - Frost & Sullivan released Emerging Asia-Pacific Hybrid Cloud Market Report, 2022, on December 18th, 2023. Hybrid cloud is a computing environment that connects public, private and edge clouds via a virtual network. Hybrid cloud service combines the advantage of both public and private cloud, ensuring data security and resource flexibility at the same time. Overview of The Hybrid Cloud Market in the Emerging Asia-Pacific Region The emerging Asia-Pacific region, which in this report covers Hong Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines, Sri Lanka, Bangladesh and Maldives, is favorable for the hybrid cloud market due to various factors. To be specific, governments in this region have implemented policies to support the growth of the digital economy, information technology, and cloud computing, benefiting innovation-driven enterprises. Strategic partnerships involving multinational cloud service providers, multinational enterprises, and local companies have also contributed to the hybrid cloud market's expansion. Regulatory policies, including data protection and privacy regulations like Malaysia's Personal Data Protection Act (PDPA), drive the adoption of hybrid cloud solutions. Definition and Constitution of Hybrid Cloud Hybrid cloud connects public, private, and edge clouds through a virtual network, combining the flexibility of public cloud with the security of private cloud. It provides various resources and services, including Technology as a Service, Infrastructure as a Service, and Expertise as a service. Hybrid cloud is an emerging technology that offers enterprises flexible and secure cloud solutions. The Popularity of Hybrid Cloud In Thailand, the government has proposed the Thailand 4.0 initiative to transform the country into a high-tech digital economy. Alibaba Cloud, Huawei Cloud, and Tencent Cloud are competing in the Thai market, offering comprehensive cloud solutions to local enterprises and collaborating with the government to drive digital transformation. Huawei Cloud has established three available zones zones in Thailand and has partnered with the Thai Government Cloud GDCC, Siriraj Hospital, and the Ministry of Digital Economy and Society of Thailand (MDES) to enhance operational efficiency in the digital government sector. Siriraj Hospital, aiming at become a smart hospital, has integrated cloud computing, AI, IoT, and big data technologies with the help of Huawei Cloud's hybrid cloud solution. This solution enables seamless connectivity between public and private clouds, facilitating an efficient, secure, and open hybrid cloud platform. Huawei also utilizes 5G, F5G, and Wi-Fi 6 solutions to establish a unified network infrastructure throughout the hospital, enabling faster and more efficient decision-making, particularly during the COVID-19 pandemic. Financial institutions adopt hybrid cloud solutions to address the diverse handling requirements of different data types and fluctuations in data volume and business seasons. Financial service providers must prioritize data security and comply with strict regulations and industry standards. They also require the flexibility to adjust computing resources according to changing business scales and traffic needs. Emerging APAC countries, such as Singapore, are leveraging hybrid cloud to transform their financial industries, emphasizing efficiency, transparency, and regulatory compliance. Hybrid Cloud Vendor Evaluation Criteria When evaluating an excellent hybrid cloud vendor, three key differentiators are identified: market performance, technological innovation, and customer service. In terms of technological innovation, a vendor should be capable of developing robust and comprehensive hybrid cloud solutions that cater to diverse customer needs. This includes providing efficient tools and techniques for workload setup, data transfer, and performance monitoring. Additionally, the ability to incorporate emerging technologies like AI, blockchain, and big data into the hybrid cloud architecture is crucial for enterprises seeking innovative cloud service capabilities. Market performance is another important aspect, with vendors needing to demonstrate thorough market entrance and growth strategies. This involves assessing the market share of vendors in the emerging APAC market in terms of various application areas (mainly government, finance, healthcare, transportation, manufacturing, etc.). Exceptional customer support and services are essential. Vendors should offer comprehensive documentation, training materials, and technical support to assist customers in deploying and managing their hybrid cloud environments. Providing ongoing assistance ensures a smooth deployment and continued operations. In summary, an excellent hybrid cloud vendor stands out by the outstanding performance in the market, innovation of technologies, and exceptional customer...
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