ASEAN Cloud Computing Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 19.58 Billion |
| Market Size (2030) | USD 39.57 Billion |
| CAGR (2025 - 2030) | 15.11% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
ASEAN Cloud Computing Market Analysis
The ASEAN Cloud Computing Market size is estimated at USD 19.58 billion in 2025, and is expected to reach USD 39.57 billion by 2030, at a CAGR of 15.11% during the forecast period (2025-2030).
- Rapid digital transformation, robust economic growth, and evolving business needs have positioned the ASEAN region as a vibrant centre for cloud computing. The demand for cloud computing services has surged as the digital economy becomes central to the region's economic strategies. This growing demand is driven by several factors: proactive government initiatives, the rise of small and medium-sized enterprises (SMEs), an expanding middle class, and significant advancements in technological infrastructure.
- Further, ASEAN governments have recognized the pivotal role of digital transformation in sustaining economic growth and improving public services. Countries such as Singapore, Malaysia, Indonesia, and Thailand are leading the way with national digital agendas that prioritize the adoption of cloud computing. For instance, in July 2024, In alignment with global trends and its commitment to bolster digital technology, Thailand's Board of Investment unveiled its initiative to champion investments in data centres and cloud services within the nation.
- The ASEAN region has become a magnet for foreign direct investment (FDI), particularly in the technology sector. Global compais like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are expanding their presence in the region by setting up data centers and forming partnerships with local businesses. These investments are crucial in building the cloud infrastructure necessary to support the growing demand.
- For instance, in March 2024, Google has partnered with the Government of Malaysia to launch two initiatives. These initiatives aim to equip Malaysian youth with AI skills and enhance public service delivery using cloud-native, AI-driven productivity tools. The first initiative, a collaboration between the Ministry of Higher Education (MoHE) and Google, seeks to upskill Malaysian youth from diverse backgrounds. In 2024, 161 institutes of higher learning will each receive 500 Google Career Certificate scholarships.
- Moreover, several ASEAN countries are rolling out 5G networks, heralding a transformative era for cloud computing. With its ultra-fast speeds and minimal latency, 5G is poised to boost edge computing, Internet of Things (IoT) applications, and real-time data processing all of which depend heavily on cloud infrastructure.
- Overall, the growing demand for cloud computing in the ASEAN region is a testament to the region’s dynamic economic landscape and its commitment to digital transformation. With strong government support, robust economic growth, and continued investment in infrastructure, the ASEAN cloud computing market is poised for significant expansion.
ASEAN Cloud Computing Market Trends
Growing Demand of Hybrid Cloud in ASEAN Region
- In the ASEAN region, the demand for hybrid cloud solutions is rising, driven by the area's growing economic, digital, and technological landscape. This growth is largely due to the region's adoption of digital transformation strategies, a push for improved IT agility and regulatory compliance, and the need for businesses to enhance scalability and cost-efficiency while maintaining data security. The hybrid cloud combines the benefits of both public and private clouds, making it an especially attractive option for organizations in the ASEAN market.
- The ASEAN region's governments prioritise digitization as a cornerstone of their economic development strategies. Countries such as Singapore, Malaysia, and Thailand spearhead initiatives to foster cloud adoption across public and private sectors. For example, Singapore's "Smart Nation" initiative underscores the importance of digital transformation for government agencies, businesses, and society as a whole. Similarly, Malaysia's Digital Economy Blueprint is designed to elevate the nation's digital economy, a sector poised for significant future growth.
- Hybrid cloud solutions empower organizations to embrace digital environments while retaining control over sensitive workloads on-premises. This adaptability is particularly attractive to companies aiming to optimize resources, adhere to regulatory mandates, and uphold data sovereignty. By leveraging hybrid cloud solutions, regional organizations can harness the advantages of cloud-based innovations while ensuring that critical systems remain within their own data centers.
- Further, the rapid growth of data centers in ASEAN countries is a pivotal factor in driving the demand for hybrid cloud infrastructure. As pe the report published by Cloudscene, in 2023, there were 100 data centers in Singapore the most of any country or territory in ASEAN region, and is expected to grow in the coming years.
Rising Adoption of Cloud Computing in Healthcare Sector
- The ASEAN region grapples with notable healthcare challenges, including limited access to quality services in remote areas, an ageing population, and a shortage of healthcare professionals. As a response, there's a surging demand for digital health solutions like telemedicine, remote patient monitoring, and electronic health records (EHR).
- This demand is a key catalyst for the rising adoption of cloud computing in the sector. With cloud computing, healthcare providers can efficiently store, manage, and analyze patient data. This capability facilitates remote consultations and ensures seamless data sharing between healthcare professionals and patients, transcending geographical boundaries.
- Many countries in the region are witnessing a growth in healthcare professionals. For instance, according to a report published by the Singapore Department of Statistics, the number of obstetrics and gynecology specialists has been growing. In 2023, 375 obstetrics and gynecology specialists were registered in Singapore. Such a growing number of healthcare professionals is driving the demand for the cloud computing market.
- Further, data security and patient privacy are critical concerns in the healthcare sector. With the rise in cyber threats and data breaches globally, healthcare providers in ASEAN are turning to cloud solutions to enhance data protection. Cloud service providers offer advanced security measures, including encryption, multi-factor authentication, and continuous monitoring, which help mitigate the risk of data breaches.
- Additionally, cloud computing helps healthcare providers comply with local data protection regulations, such as Singapore’s Personal Data Protection Act (PDPA) and Malaysia’s Personal Data Protection Act, by offering region-specific data storage and encryption solutions.
ASEAN Cloud Computing Industry Overview
The ASEAN cloud computing market is semi-consolidated, with some of the major vendors holding a significant market share. Market players are advancing their cloud infrastructure and data centre investments in the region to expand their market share. In addition, partnership, acquisition, and merger activities are shaping the competitive landscape of the ASEAN cloud computing market.
ASEAN Cloud Computing Market Leaders
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Microsoft Corporation
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Amazon Web Services (AWS)
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Google LLC (Alphabet Inc.)
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IBM Corporation
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Huawei Technologies Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
ASEAN Cloud Computing Market News
- August 2024: Tencent Cloud announced its strategic partnership with Global Resources Management Sdn. Bhd. (GRM), a Malaysian-owned company specialising in building digital infrastructure, leveraging Tencent Cloud's advanced Cloud Dedicated Zone (CDZ) solution.
- July 2024: Oracle unveiled its second cloud region in Singapore, aimed at providing AI capabilities and over 100 cloud services to local businesses and organizations. This new cloud region will also collaborate with FastConnect partners such as Console Connect, Digital Realty, Equinix, and Megaport.
- May 2024: Microsoft unveiled plans to invest USD 2.2 billion over the next four years, underscoring its commitment to Malaysia's digital transformation. This substantial investment positions Malaysia as a focal point for Microsoft's cloud computing initiatives and advanced technologies, notably generative AI. The investment focuses on digital infrastructure and emphasizes skill development, empowering Malaysian businesses, communities, and developers to harness advanced technologies.
ASEAN Cloud Computing Industry Segmentation
Cloud computing offers a vast range of computing services over the Internet. These services include servers, storage, databases, networking, software, analytics, and intelligence. Key advantages of cloud computing are accelerated innovation, flexible resource allocation, and economies of scale. Customers generally pay only for the services they use. This approach cuts operational costs, boosts infrastructure efficiency, and enables scaling to meet changing business demands.
The ASEAN cloud computing market is segmented by type (public cloud [IaaS, PaaS, SaaS], private cloud, and hybrid cloud), organization size (SMEs and large enterprises), end-user industries (manufacturing, education, retail, transportation and logistics, healthcare, BFSI, telecom and IT, government and public sector, others [utilities, media & entertainment etc.]), and country (Singapore, Thailand, Malaysia, Indonesia, Vietnam, Philippine, Rest of ASEAN). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Public Cloud | IaaS |
| PaaS | ||
| SaaS | ||
| Private Cloud | ||
| Hybrid Cloud | ||
| By Organization Size | SMEs | |
| Large Enterprises | ||
| By End-user Industries | Manufacturing | |
| Education | ||
| Retail | ||
| Transportation and Logistics | ||
| Healthcare | ||
| BFSI | ||
| Telecom and IT | ||
| Government and Public Sector | ||
| Others (Utilities, Media & Entertainment etc) | ||
| By Country*** | Singapore | |
| Thailand | ||
| Malaysia | ||
| Indonesia | ||
| Vietnam | ||
| Philippines |
| Public Cloud | IaaS |
| PaaS | |
| SaaS | |
| Private Cloud | |
| Hybrid Cloud |
| SMEs |
| Large Enterprises |
| Manufacturing |
| Education |
| Retail |
| Transportation and Logistics |
| Healthcare |
| BFSI |
| Telecom and IT |
| Government and Public Sector |
| Others (Utilities, Media & Entertainment etc) |
| Singapore |
| Thailand |
| Malaysia |
| Indonesia |
| Vietnam |
| Philippines |
ASEAN Cloud Computing Market Research FAQs
How big is the ASEAN Cloud Computing Market?
The ASEAN Cloud Computing Market size is expected to reach USD 19.58 billion in 2025 and grow at a CAGR of 15.11% to reach USD 39.57 billion by 2030.
What is the current ASEAN Cloud Computing Market size?
In 2025, the ASEAN Cloud Computing Market size is expected to reach USD 19.58 billion.
Who are the key players in ASEAN Cloud Computing Market?
Microsoft Corporation, Amazon Web Services (AWS), Google LLC (Alphabet Inc.), IBM Corporation and Huawei Technologies Co., Ltd. are the major companies operating in the ASEAN Cloud Computing Market.
What years does this ASEAN Cloud Computing Market cover, and what was the market size in 2024?
In 2024, the ASEAN Cloud Computing Market size was estimated at USD 16.62 billion. The report covers the ASEAN Cloud Computing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the ASEAN Cloud Computing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
ASEAN Cloud Computing Industry Report
Statistics for the 2025 ASEAN Cloud Computing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. ASEAN Cloud Computing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
