According to Bernama, a Malaysian national news agency, that in a recent survey by IBM Institute for Business Value (IBV), found that business executives in the country are planning ‘to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value’.
Quoting that IT expenditures, totalling about 19%, is allocated for cloud computing with many more planning to increase expenditure from the current 36% to 46% by 2023.
In a statement released by IBM Malaysia to Bernama, it said: “Enterprises in Malaysia need an application development platform that can run on any cloud, workloads that can execute seamlessly across multiple clouds, and a comprehensive orchestration capability that spans across clouds.”
In the next three years, particularly in sectors such as insurance, telecommunications, retail, banking and consumer products will exhibit growth of clouds of up to 11 clouds per organization.
The survey, revealed in IBM’s report — “The Hybrid Cloud Platform Advantage: A Guiding Star To Enterprise Transformation In Malaysia” — is aimed to gain an in-depth understanding of organization’s use of hybrid cloud, multi-cloud and their approach to multi-cloud management. And was participated by over 6,000 global executives, including 100 from Malaysia.
The study further stated that ‘the return on investment (ROI) of a platform approach as respondents said that the value derived from a full hybrid, multi-cloud platform technology and operating model at scale is 2.5 times the value derived from a single platform, single cloud vendor approach.’
According to IBM Malaysia managing director Catherine Lian, IBM has witnessed an acceleration in cloud adoption in Malaysia as businesses leverage the power of cloud to stay competitive in the market. Further elaborating that adoption of cloud has been a central feature in developing new, digitally-driven business models.
Its digital transformation in blockchain technology to help secure digital assets is also growing alongside the hybrid cloud market.
Meanwhile in Vietnam, Reportlinker has recently published report said, “Vietnam cloud service market is projected to grow from $ 181 million in 2019 to $ 427 million by 2025, exhibiting a healthy CAGR of over 15% during 2020 – 2025. Growth in the market is led by surging adoption of cloud services….Moreover, cloud is cost-efficient as users are not required to install any hardware or software.”
“Infrastructure-as a service segment dominates Vietnam cloud service market as Infrastructure-as-a-service involves various solutions such as servers, storage, networking, virtualization, etc., which saves IT staff time as numerous users can work on a single piece of hardware anywhere and anytime.”
Spotting major players including FPT Corporation, Viettel-CHT Limited Company, CMC Corporation, IBM Vietnam Company, Microsoft Vietnam, Amazon Web Services Vietnam Company Limited, Mat Bao Corporation, NTC Cloud Computing Company Limited, SAP Asia (Vietnam) Co. Ltd., HPT Vietnam Corporation, Google LLC and Salesforce.com, Inc.
Source: Bernama, IBM, Globe Newswire.