Small and medium businesses in the Asia Pacific region are expected to invest $11.4 billion in cloud computing solutions this year, research has found.
According to research conducted by AMI, SMBs in APAC (excluding Japan) will continue putting their stock in cloud computing technologies with the cloud computing market in these regions growing at almost double the rate of traditional ICT technologies.
Stefan Haas, Consulting Director for Asia Pacific at AMI, said in a statement, “The proliferation of broadband internet and high-speed mobile networks provides these SMBs with an increasing number of options to access cloud solutions.”
“This allows a completely new segment of SMBs to adopt ICT functionality for the first time especially in Tier 2 and Tier 3 cities,” he added.
Haas also said that while medium sized businesses will be investing in the cloud to reduce IT costs and overall cost structures, small businesses will be able to deploy new Infrastructure-as-a-Service (IaaS) and SaaS capabilities that earlier required a hefty investment.
AMI's research shows that the majority of investments in cloud computing made by SMBs in the Asia Pacific region will come from China, Australia and Korea. The company also says that India and China will account for the strongest economic growth, of 20 per cent, in the Asia Pacific region followed by the Association of Southeast Asian Nations (ASEAN).