Indonesia Cloud Computing market is projected to grow at a significant CAGR of 28% to 33% during the forecast period till 2028 | Size, Growth & Industry Report

The Indonesia Cloud Computing Market is estimated to grow at a CAGR between 28% to 33% over the forecast period (2021-2028).

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The factors driving growth of the Indonesia Cloud Computing Market includes growing acceptance of Work from Home (WFH) in the corporates, surge in Video-on-Demand (VoD) solutions, rising focus by companies on reducing operational and capital expenses, increasing penetration of smartphones across Indonesia and improvements in internet connectivity. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) and Big Data Analytics and rising demand for cloud computing solutions across industry vertical such as Healthcare and Life sciences, Manufacturing and BSFI, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, strategic alliances and collaborations between key industry leaders and growing population growth rates, are further contributing towards the market growth.

However, growth of the Indonesia Cloud Computing Market is hindered due to increasing incidences of cyberattacks.

The major players operating in the market are Salesforce, Adobe, vmWare, Google, Microsoft, Intel, Alibaba, IBM, AWS and Oracle, among others.

Based on Service Model, the Software as a Service segment is predicted to capture the largest market share during the forecast period

Small and medium sized enterprises are increasingly adopting cloud-based services to avoid large-up front licensing fees and capital costs and it minimizes the time spend on installation, are propelling Cloud Computing Market share.

Based on Deployment Model, the Public Cloud segment is projected to dominate the market over the forecast period

Growing demand for public cloud services across telecommunications, manufacturing and retail industries and increased adoption of public cloud services by SMEs because it is cost-effective as compared to traditional data center and private clouds services, are some of the factors pushing growth of the segment.

Key Developments

In 2021, AWS introduced Amazon CloudFront, in Indonesia, which is a network offered by the company and is expected to improve 30% in first-byte latency.
In 2021, Microsoft opened its first data center in Indonesia, which is a strategic plan to enter the Indonesian cloud market, as the country is the leading cloud market in the South-East Asia. This is mutually beneficial for both, the company, and the country, in the context of cloud expansion.
In 2021, Alibaba Cloud plans to invest around USD 1 billion for cloud across the Asia-Pacific which includes Indonesia as well. This strategic investment will also boost the Southeast Asia cloud computing market.

Market Segmentation

Segmentation by Service Model

Infrastructure as a Service
Platform as a Service
Software as a Service

Segmentation by Deployment Model

Public Cloud
Private Cloud
Hybrid Cloud

Segmentation by Organization Size

Small and Medium Enterprises
Large Enterprises

Segmentation by Industry Vertical

Manufacturing
Healthcare and Life Sciences
IT & Telecom
Retail and Consumer Goods
Energy and Utilities
Media and Entertainment
BFSI
Government and Public Sector
Others

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