Taiwan Cloud Computing Market | Analysis 2019-2031

TAIWAN CLOUD COMPUTING INDUSTRY SNAPSHOT

• The Taiwan cloud computing market is poised to achieve US$ 3.15 billion in revenue by 2024, with a projected Compound Annual Growth Rate (CAGR) of 8.54% from 2023 to 2031.
• The Taiwan cloud computing industry attained a value of US$ 2.69 billion in 2022.
• By service model classification, the forefront segment anticipated to dominate is Software as a Service (SaaS), projected to attain a market worth of US$ 3.74 billion by 2031.
• By 2031, 33.96% of the revenue in the Taiwan cloud computing market will originate from IT and Telecom end user.
• Major key players operating in the market are focused on expanding their regional presence by opening new cloud location. For instance, in September 2023, Palo Alto Networks entered the Taiwan market with the launch of its latest cloud infrastructure to deliver the most complete set of security services locally for Taiwanese and regional customers.
• Further, in January 2023, ASUS entered into a strategic partnership with GE Healthcare aimed at developing Taiwan's inaugural cloud-based 3D medical imaging service. This collaborative endeavour signifies a significant milestone in the healthcare technology sector in Taiwan.

TAIWAN CLOUD COMPUTING MARKET COVERAGE