The Asia Pacific Cloud Native Applications Market would witness market growth of 24.0% CAGR during the forecast period (2022-2028).
Cloud native allows businesses to shift from reducing IT costs to promoting business expansion. Businesses in the everything-is-software era will succeed if they can swiftly develop and deliver apps in response to client requests. Services suffer when infrastructure fails. By utilizing a cloud's built-in features, cloud native applications are designed for resiliency. A cloud native mindset enables developers and architects to create operational systems despite minor disruptions.
Choosing a database provider, a data warehouse technology, or an on-premise messaging broker is no longer necessary. These services typically had high license fees, implementation costs, and ongoing maintenance. It is also more expensive to switch away from a vendor's technology if it is outdated or lagging in new features that the market requires. By utilizing these technologies as a service, cloud native applications avoid these issues.
In countries with an established cloud ecosystem, such as Japan, there has been a rise in demand for managed cloud or professional services. Moreover, as the Internet of Things (IoT) grows in popularity, the cloud plays a critical role in easing the development and deployment of IoT applications. To combat the data explosion, an increasing number of companies in Asia-Pacific are rebuilding their networks and deploying cloud services. In addition, the increasing reliance on cloud services, the convergence of IT applications & services, the proliferation of connected & mobile devices, and the migration of content & advertising to the internet have expanded mobile cloud usage.
The China market dominated the Asia Pacific Cloud Native Applications Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,346.2 million by 2028. The Japan market is estimated to grow a CAGR of 23.2% during (2022 - 2028). Additionally, The India market would display a CAGR of 24.7% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Public Sector, Manufacturing, Healthcare & Lifesciences, Retail & eCommerce and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cloud Native Applications Market is Projected to reach USD 16.2 Billion by 2028, at a CAGR of 22.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Infosys Limited, VMware, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, Citrix Systems, Inc. (Cloud Software Group, Inc.), and Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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