Cloud computing spending to see boost in Asia this year, with video gaming a key industry, Alibaba Cloud survey finds
- More than four-fifths of cloud services users in Asia plan to increase spending this year and plan a full cloud migration in two years, Alibaba survey shows
- Alibaba Cloud is targeting Asian markets for overseas growth as it competes with top cloud providers Amazon, Microsoft and Google
A survey sponsored by Alibaba Cloud found that 84 per cent of users of cloud services in Asia expect to increase their spending on cloud computing this year, while more than 80 per cent are planning a full cloud migration within two years.
The increase in spending is expected to come mainly from Thailand, Indonesia, the Philippines, Hong Kong and Singapore, according to the survey results published on Tuesday. Most respondents in Japan and South Korea indicated that they would maintain spending on cloud computing at current levels.
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Alibaba Cloud commissioned global market research firm NielsenIQ to conduct the survey, which collected responses to online questionnaires from the end of September to early October 2022. Feedback came from 1,000 cloud strategy decision-makers in small to large businesses that are currently using cloud services in Hong Kong, Malaysia, Singapore, the Philippines, Indonesia, Thailand, Japan and South Korea.
“Cloud computing is one of Alibaba’s core strategies for the future,” Zhang said in the company’s most recent earnings call. “We believe this is a critical period for technological breakthrough and development in cloud computing and AI.”
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Alibaba is also eyeing other Asian markets as key areas for overseas growth. Alibaba Cloud revenue growth slowed to 3 per cent in the December quarter from 4 per cent in the previous quarter.