Event: Free Photo: Indian firms see a silver lining in Cloud in pandemic-hit year
IDC expects the YoY growth rates to slow down beginning from 2023 with a YoY growth of 28.3%, to 22.4% in 2026….reports Asian Lite News
The public cloud services market in the Asia-Pacific region is likely to reach $165.2 Billion in 2026, according to an IDC report.
The firm expects the Asia/Pacific public cloud market to grow at higher year-over-year (YoY) rate at 31.4 per cent this year, in comparison to 30 per cent in 2021, as cloud migration continues to accelerate.
However, IDC expects the YoY growth rates to slow down beginning from 2023 with a YoY growth of 28.3%, to 22.4% in 2026.
“Majority of organisations have pivoted rapidly toward a digital-centric modus operandi to adapt to new ways of operating, working, and selling products and services amid various disruptions,” said says Estelle Quek, Senior Research Manager, Cloud Services, IDC Asia/Pacific.
These organisations progressively demand better outcomes from their adoption of digital technologies to increase efficiency, accelerate time to market, provide empathetic customer experience, make quicker decisions, and respond faster to customers, Quek added.
Infrastructure as a service (IaaS) will achieve a market value of $80.7 billion and make up 48.8 per cent of the Asia/Pacific public cloud market in 2026.
Platform as a service (PaaS) will reach a market value of $27.4 billion while software as a service (SaaS) will grow almost three times from $20.8 billion in 2021 to $57.1 billion in 2026, said the report.
IDC forecasts a compound annual growth rate (CAGR) of 25.2 per cent for the period 2020-2025…reports Asian Lite News
Countries in the Asia-Pacific region are set to spend $17.6 billion on artificial intelligence (AI) systems in 2022 and this is expected to reach $32 billion in 2025, a new IDC report has shown.
Over the next five years, the banking industry will continue to invest the most in AI solutions.
State/local government is the second-highest spender on AI solutions, focusing on public safety and emergency response, augmented threat intelligence, and prevention systems.
“Many of the changes caused by the pandemic will stay and we expect the adoption momentum of practical AI use cases such as remote or contactless engagement to continue,” said Jessie Danqing Cai, Associate Research Director, Cognitive Computing/Artificial Intelligence for IDC Asia/Pacific.
In the long term, a clear guidance on the management of the associated risk factors of AI solutions will further boost the confidence level of buying organisations,” Cai added.
Businesses invest in AI to gain a competitive advantage through improved customer insight, increased employee efficiency, and accelerated decision making.
IDC forecasts a compound annual growth rate (CAGR) of 25.2 per cent for the period 2020-2025.
For the next five years, the next top spending industry is professional services, growing fast with 26.6 per cent CAGR.
Smart business innovation and automation will optimise and streamline complex and repetitive business tasks to support organisational decision-making.
“Increasing government regulations and mandates of AI’s trust, robustness, and its ethical use will need to be addressed by organisations,” said Vinayaka Venkatesh, Senior Market Analyst at IDC IT Spending Guides, Customer Insights & Analysis.
Hardware will be the leading technology, accounting for more than 49.8 per cent of AI spending.
Software is the second leading technology with 31 per cent of AI spending.
Nearly 71 per cent of total AI spending in software goes towards AI applications and artificial intelligent platforms, the report noted.
Replying to a question on India being part of the US-led Quad alliance, the new Russian Ambassador to India said that Moscow would never tell New Delhi who it should be friends with and which groups to join…writes ATEET SHARMA
Denis Alipov, the new Russian Ambassador to India, has said that the Kremlin is interested in the growth of India’s influence as an independent centre of power – in the world as a whole, but primarily in the Asia-Pacific region.
In a detailed interview with Izvestiya – the Russian daily newspaper published in Moscow – Alipov, a career diplomat and dedicated India specialist with decades long experience of working in the country, made it clear that India occupies one of the central places in the priorities of Russia’s foreign policy.
Alipov, a fluent speaker of Hindi, said that India’s deepening cooperation with the Central Asian republics and the Russia-led Collective Security Treaty Organisation (CSTO) could be a game-changer for the region in the coming years considering the current situation in Afghanistan.
CSTO
“We would be interested if India deepens its ties with the CSTO. India’s contacts with the organisation have already been established. But we would welcome more active and close interaction of the republic with this organisation,” said the seasoned diplomat.
The Special and Privileged Strategic Partnership between India and Russia is expected to get further strengthened with Alipov’s arrival in the Indian capital. He will be succeeding Nikolay Kudashev who is moving to Singapore as Russia’s next Ambassador to the country.
In the diplomatic service since 1993, Alipov worked in various positions in the central office of the Russian Foreign Ministry and abroad. From 2010 to 2016, he was Minister Counsellor of the Russian Embassy in India. He then served as the Deputy Director of the Second Asia Department of the Russian Foreign Ministry before being appointed by Russian President Vladimir Putin as the country’s next ambassador to India, last month
As reported by IndiaNarrative.com in January, Russia is not only keen on expanding bilateral interaction with India but also through various multilateral and plurilateral forums in 2022, especially the Russia-India-China (RIC) format following the Indian-Russia Summit between Putin and Prime Minister Narendra Modi in New Delhi last December.
Alipov, in his interview to Izvestiya, highlighted the significance of RIC, saying that this format can actually help “reduce the tension” that has arisen between India and China in recent years.
“Of course, we do not intend in any way to impose our mediation services, but we will not refuse to help build confidence between India and China, if both sides so desire. Because there is simply no other way than interaction, development and strengthening of ties between these largest Asian countries,” he said.
Replying to a question on India being part of the US-led Quad alliance, the new Russian Ambassador to India said that Moscow would never tell New Delhi who it should be friends with and which groups to join.
“We openly share our views with India, but do not impose anything. I am convinced that the Indians themselves will figure out what best suits their national interests,” he emphasised during the interview.
India Prime Minister Narendra Modi Russian President Vladimir Putin and Chinese President Xi Jinping at the RIC Russia-India-China Informal Summit
India, along with China, Algeria, Egypt, Vietnam and Myanmar, remained amongst Russia’s main partners in the field of military-technical cooperation during 2021. Even as New Delhi goes ahead full steam promoting indigenisation in defence sector, Moscow expects the partnership to grow stronger this year.
“In recent years, Indians have set themselves the goal of achieving self-sufficiency in the production of weapons – they want to produce them themselves and do not want to buy them abroad. And now we are talking about cooperation and interaction with India in terms of the joint production of weapons and the transfer of defence technologies to it. This is where they place particular emphasis,” said Alipov.
As India and Russia commemorate 75 years of diplomatic relations in April, the new Russian Ambassador hoped of meeting goals for trade – $30 billion by 2025 – and in the fields of nuclear energy, railway transport, shipbuilding, mechanical engineering, aircraft industry and pharmaceuticals.
Meanwhile, outgoing Russian Ambassador Kudashev, in his farewell message said that the special and privileged strategic partnership between Russia and India, which is “based on a positive, unified agenda”, makes a significant contribution to strengthening international stability.
He stated that despite the extreme conditions of the Covid-19 challenge, the two countries managed to adapt to all difficulties and create a true spirit of mutual assistance without any artificial barriers and without departing from the “big mission” while deepening mutually respectful dialogue at the same time.
“Together with like-minded countries, we stand firmly on the path of the establishment of fair and equal polycentric world routed in the principles of the United Nations Charter. We are enhancing coordination within the UN, G20, BRICS, SCO, RIC and other important platforms,” said Kudashev.
“I am confident that the next Russian Ambassador to India — experienced diplomat and professional Indologist Mr Denis Alipov — will proudly continue the honourable duty to further build up this truly unique relationship,” he added.
(The content is being carried under an arrangement with indianarrative.com)
