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Indonesia Cloud Computing Market
The Indonesia Cloud Computing Market is foreseen to register a growth of 12.95% over the forecast period. This is because of the accelerating penetration of the internet and the rapidly accelerating urban population.
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Indonesia Cloud Computing Market Dynamics
The augmenting acquisition of cloud computing by small and medium organizations in Indonesia stands to be the prime force responsible for the growth of the Indonesia Cloud Computing Market. Also, almost 90% of the organizations in Indonesia are largely emphasizing decreasing their operational and capital expenditure. The intensified investment by small and medium organizations on cloud deployments as it smoothens business analytics and artificial intelligence. For example, the demand for software as a service such as Microsoft 365 has gained huge popularity among small and medium businesses.
Various organizations across Indonesia are inclined towards the cloud, wherein the cloud is the major provider of digital technologies. Moreover, the country has the lowest mobile data prices, which have accelerated smartphone perforation by 60% by 2020. Enterprises are progressively positioned cloud because of its several advantages such as improved safety and more elasticity. As stated by Telekom, by 2025 Indonesian digital economy will acquire USD 133 billion.
However, the cloud computing market has generated huge issues and challenges. The data in the cloud is stored with a third-party source and is approached over the internet. This has raised the complication related to data privacy and obeying complaisance while saving the same information. Additionally, the rapid surge and execution of cloud computing in the companies has evolved issues related to account seizing.
Deployment Segment Drivers
Based on deployment, the public cloud segment dominated the market with the highest amount of revenue. This dominance is majorly because of the growing demand for the public cloud by several end-use industries such as manufacturing, telecommunications, and retail. The major organizations in Indonesia have switched their workloads to public cloud platforms because of the increasing agitation towards safety. Moreover, SMEs and other businesses' increasing deployment of cloud services due to its lower cost than the conventional data center and private clouds services will strengthen the market growth.
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Updated on January 14, 2022
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