Big Tech Seizes Growing Cloud Opportunities in Southeast Asia
Chinese internet giant Tencent is aggressively stepping up its presence in the cloud computing industry in SE Asia this year. Last month, Tencent unveiled a new data centre in Jakarta, its first in Indonesia, with another one set to go online in a few months.
Besides, Huawei and Telekom Malaysia signed a partnership about the integration of Huawei’s cloud infrastructure services into the Malaysian operator’s ecosystem of small and medium-size clients. As Malaysia’s local operator with its own core data centers and full data residency, Telekom Malaysia is an attractive entry point for Huawei Cloud’s expansion into the Malaysian cloud market.
In fact, many cloud providers are saying that with the rise in cloud usage and the pandemic accelerated cloud adoption throughout SE Asia in 2020, there has been a noticeable increase in interest towards cloud in SE Asia. CIO showed that the cloud computing market revenue in this region is estimated to reach USD 40.32 billion by 2025 as a result of increased demand for cloud computing among small and medium-sized enterprises.
Thus, many tech companies and cloud-based service providers choose SE Asia to accelerate their cloud computing business because SE Asia has been widely considered one of the fastest-growing regions in terms of clouding market, where the population has embraced the digital transformation during the pandemic, especially in fintech and e-commerce sectors. Another incentive is that SE Asia has a swift growth in internet users and a nascent stage of business transformation based on cloud computing.
Source: envato
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