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Analyst note indicates Alibaba Cloud 'force to be reckoned with' in APAC and beyond

October 08, 2018 / James Bourne

Alibaba Cloud is naturally dominant in the locally-dominated Chinese cloud market - but it's gaining significantly in the rest of the Asia-Pacific (APAC) market, according to the latest note from data and analytics firm GlobalData. APAC cloud services, according to the analyst house, will hit $55.2 billion in 2022 at a CAGR of 27.7%. This will be driven by an 'insatiable' trend of product launches by cloud providers drawing on the next wave of cloud services and technologies, including artificial intelligence, big data analytics, blockchain, and the Internet of Things (IoT).The company adds that Alibaba is 'a force to be reckoned with'. "Alibaba Cloud is now betting big on some emerging markets such as India, Malaysia and Indonesia while competing with others in developed markets such as Hong Kong, Japan, Singapore and Australia," said Siow Meng Soh, technology analyst at GlobalData. Regular readers of this publication will be aware of Alibaba's concer...