Zadara’s Federated Edge Cloud Regional Sales Manager Lindsay Lim estimates the global market value of cloud technology at USD445.3 billion in the next five years.
“We place the global market value at USD445.3 billion and number that is set to rise dramatically in the next 5 years,” she says.
Lindsay takes account of a potential market largely from the versatility application of the cloud technology which is limitless, citing the growth of digitalization influencing the market value.
“There is an immense market potential and it is largely because of how versatile cloud technology is. Its applications are nearly limitless and it can benefit businesses across every industry.
“This digitalization has necessitated a shift to the cloud to ensure data can be retrieved and computing can happen at speeds that are required for successful online businesses.
“The rapid rise and growth of SMEs and enterprises are going to be a major driving force for the market,” she adds.
Managed Service Providers
According to Lindsay, Federated Edge was created to enable managed service providers (MSPs) to hyper-scale their businesses to a global scale.
“It is designed to empower MSPs to hyper-scale their business to a global level. The programme introduces a new, fully managed distributed cloud architecture that already features over 400 cloud points globally.”
Federated Edge was a consortium of MSPs that paved the way for industry players to gain access to the infrastructure of other MSPs around the world.
“It (MSPs) allows industry players to leverage the infrastructure of other MSPs around the world on-demand to serve customers anywhere on the planet all with zero up-front CapEx investment,” she says.
At the same time, through a shared revenue model, they also can unleash a new revenue stream by allocating their infrastructure to be utilised by other service providers from across the land.
“Through a shared revenue model, MSPs are not only able to bring their services anywhere to meet new and existing client requirements, but they can also unlock a new revenue stream by allocating their infrastructure to be utilised by other services providers from abroad.
“This means that every time another market player utilises their infrastructure, the MSP gets paid. This added revenue stream will help maximise profits and provide an added layer of financial security for MSPs who will be able to reliably depend on this added income when making business decisions,” she says.
Zadara’s job is to manage the overall connection and infrastructure from start to finish.
“First, the MSP will sign a FE addendum with Zadara. The end-to-end infrastructure will be built and provided by Zadara. The MSP will install the Zadara stack in their co-location, which will be integrated with our centralised cloud management tool.
“Our web-based centralised cloud management interface includes visualised dashboards, automated monitoring and alerting, and detailed consumption reporting. The MSP can view Federated Edge cloud locations all over the world from the centralised cloud management tool,” she explains.
Local Market
In local market performance, according to Lindsay, international businesses in the region are increasingly strong and play an important role as many businesses are becoming multiple unicorns.
“International businesses are increasingly penetrating the region and equally important local businesses are increasingly growing to global prominence with multiple unicorns being made.
“ASEAN is the 7th largest economy in the world and Malaysia is a significant contributor to this. Naturally, this means that Malaysia is a critical market in the growth of cloud within the region,” she says.
Iffah Salleh contributed to the article
