Software as a Service is the fastest growth segment of the public cloud services market
The public cloud services market in the mature Asia/Pacific (AP) region is on pace to grow 12.8% percent in 2016 to total USD 8.11 billion, up from USD 7.19 billion in 2015, according to Gartner. By 2019, Gartner predicts that total public cloud services spending in the mature AP region will rise to USD 12.4 billion.
Software as a Service is the fastest growth segment of the public cloud services market in the region with a projected growth rate of 22.5% and a revenue projection of USD 1.67 billion.
Gartner categorises Australia, New Zealand, Singapore and South Korea as the mature Asia/Pacific market.