Singapore Cloud Computing Market Research Report Growth | Size | Forecast to 2027

 

Singapore Cloud Computing Market

Singapore Cloud Computing Market size is anticipated to expand at a promising rate over the forecast period, due to the growing initiatives by the government and policies to encourage the use of public cloud systems.

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ng Market

Rising deployment of cloud computing solutions across media & entertainment and BFSI industry and increasing digitalization has propelled the Singapore cloud computing market growth. Also, intensified initiatives by government intending to digitalize the nation and incorporate smart technologies will positively impact the market growth. Huge amount of data produced through smart devices such as tablets and smartphones will propel the market growth. Government in 2020 with an intent to invest USD 719 million to enhance cyber and data safety. It has necessitated the government to choose advanced technologies such as cloud, AI, and the Internet of Things. However, the rising incidences of cyberattacks has hampered the market growth. Increasing investment by the leading players to expand the hyper scale cloud platforms has propelled the market. Amazon Web Services (AWS) decided to enlarge their Singapore cloud location by launching the third availability zone (AZ).

Key players operating in the market include Microsoft Corporation, IBM, SAP SE, Oracle, Salesforce.com, Inc., Amazon Web Services, Inc., Alibaba Cloud, Google LLC, VMware, Inc., Fujitsu, among others.

Key Developments:

In 2019, VMware, Inc., partnered with Amazon Web Services (AWS), to capitalise with its enterprise-class software-defined data centers on the AWS Cloud in Singapore.

In 2016, Alibaba Cloud decided to extend Singapore Data center by the introduction of second availability zone. The company decided to attain two certifications overseas – Singapore Multi-Tier Cloud Security (MTCS) standard level 3 and the Payment Card Industry Data Security Standard (PCI-DSS).

Singapore Cloud Computing Market Segmentation:

Singapore Cloud Computing Market by Service Model

·         Infrastructure as a Service

·         Platform as a Service

·         Software as a Service

Singapore Cloud Computing Market by Organisation Size

·         Small and Medium-Sized Enterprises

·         Large Enterprises

Singapore Cloud Computing Market by Workload

·         Storage, Backup, and Disaster Recovery

·         Application Development and Testing

·         Database Management

·         Business Analytics

·         Integration and Orchestration

·         Enterprise Resource Management

·         Collaboration and Content Management

Singapore Cloud Computing Market by Industry Vertica

·         Banking, Financial Services and Insurance

·         IT and Telecommunications

·         Government and Public Sector

·         Retail and Consumer Goods

·         Manufacturing

·         Energy and Utilities

·         Media and Entertainment

·         Healthcare and Life Sciences

·         Others

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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