Cloud computing; a sunrise industry
Trading Catalyst
• Adoption of cloud services and digitalisation has been on an upward scale across the globe.
• The new normal of remote working is expected to remain in place even if lockdowns are lifted as individuals and corporates communicate through the screen.
• According to GlobalData, the cloud computing industry in the Asia Pacific region is projected to grow 117% from USD$133.0bn recorded in 2019 to US$288.0bn in 2024.
• Transformation to 5G will be a cutting edge for multi-access edge computing (MEC), network slicing, and private network.
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