SINGAPORE, July 31, 2015 /PRNewswire/ -- Hybrid IT is
fast becoming the new normal across organizations in Asia-Pacific. With the increasing utilization
of data centers and cloud services across the Asia Pacific region, companies have gradually
updated or upgraded their existing IT systems, giving rise to the
Hybrid IT environment.
Besides helping enterprises to drive digital disruption, the
latest Hybrid IT environment is also enhancing the customer
experience and encouraging business model innovation.
As a result, there is greater acceleration in the adoption of a
multi-vendor multi-cloud environment or Hybrid IT. More than half
of enterprises surveyed last year are planning to move to a Hybrid
environment over the next 12 to 18 months. This is putting the onus
on vendors and services providers as the traditional IT procurement
model is being disrupted by new business models. The service
providers are responding to this by accelerating their pace of
service innovation.
Frost & Sullivan's latest report on Hybrid IT and Cloud
Enabled Technologies, 'Asia-Pacific Data Center and Cloud
Computing Market Update 2015' discusses the current
developments in the lucrative data center market and its potential
impact on enterprises.
According to Mayank Kapoor,
Industry Principal, ICT - Data Center and Cloud Computing, Frost
& Sullivan, Asia Pacific,
although Hybrid IT is defining the new normal, the Cloud is
enabling the accelerated adoption of new technologies such as Big
Data, the Internet of Things and Connected Industries.
"These new technologies are also driving industry
transformation. From our research, we have identified the three
industry verticals at the forefront of such transformations, namely
Manufacturing, Automotive and Healthcare," Kapoor noted.
These two trends (Hybrid IT and Cloud Enabling Technologies) are
also creating a strong demand for data center and cloud services.
This in turn is driving the data center construction frenzy across
Asia-Pacific.
Frost & Sullivan research estimates the market in
Asia-Pacific to have been worth
US$25.7 billion in 2014. It is
expected to grow at a CAGR in excess of 20% over the 2014 to 2019
period to reach US$65.2 billion.
Frost & Sullivan expects the cloud services to be the dominant
segment of the market with a CAGR of 33.1% for the forecast
period.
"In Singapore, for example, we are witnessing investments worth
over a billion dollars over the next three years to establish more
than 1 million square feet of raised floor space, and that is a
conservative estimate. We at Frost & Sullivan believe that this
is the start of the Everything as a Service (XaaS) era, with
managed services at the heart of it," explained Kapoor.
This widespread adoption is also driving significant new
investments across the region. Here in Singapore, most service providers are looking
to invest in capacity and capabilities to be ready to serve the
next phase of growth for their customers. We are witnessing
investments worth billions of dollars by telcos, cloud service
providers and data center operators in data center, submarine cable
and networks.
Other key trends having a strong impact on the data center and
cloud computing market include the implementation of a Software
Defined Everything Vision, stricter data sovereignty laws, such as
in Indonesia and the rise of
vertical cloud computing applications.
In the long term, Frost & Sullivan recommends enterprises
focus on three key pillars - Service Portfolio Augmentation,
Geographic Expansion and Business Model/Deliver Capability
Enhancement.
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Media Contact:
Melissa Tan
Corporate Communications – Asia
Pacific
P: +65 6890 0926
F: +65 6890 0999
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