WHAT’S ABOUT CLOUD?

YellowBlocks

Published in

One-minute bite size

3 min readJun 1, 2019

The Vietnamese cloud service market is projected to grow from $165 million in 2018 to $291 million by 2024. While the term “cloud” may seem abstract, the benefits of cloud computing to users, especially businesses are real and tangible.

1. WHAT IS CLOUD COMPUTING?

Cloud Computing is a technology uses the internet and central remote servers to maintain data and applications. Cloud computing allows users to use applications without installation and access their personal files at any computer with internet access.
How does it work? — A cloud computing system keeps its critical data on internet servers rather than distributing copies of data files to individual client devices. For examples, Netflix, a Video-sharing cloud services, stream data across the internet to a player application on the viewing device rather than sending customers DVD or BluRay physical discs.

Read more about Cloud Computing:https://www.ibm.com/cloud/learn/cloud-computing

2. WHY DOES IT MATTER?

Flexibility
Users can scale services to fit their needs, customize applications and access cloud services from anywhere with an internet connection.

Efficiency
Enterprise users can get applications to market quickly, without worrying about underlying infrastructure costs or maintenance.

Strategic value
Organizations can move more nimbly than competitors who must devote IT resources to managing infrastructure.

3. CLOUD COMPUTING MODELS

There are three main models for cloud computing. Each model represents a different part of the cloud computing stack

Infrastructure as a Service (IaaS)
IaaS refers to cloud-based infrastructure resources that are delivered to organizations via virtualization technology that help organizations build and manage their servers, network, operating systems, and data storage.

Platform as a Service (PaaS)
PaaS refers to cloud-based platform services that provide developers with a framework they can use to build custom applications upon.
IaaS offers administrators more direct control over operating systems than PaaS, but PaaS offers users greater flexibility and ease of operation.

Software as a Service (SaaS)
SaaS refers to cloud-based software that is hosted online by a company and is available for purchase on a subscription basis and is delivered via the internet.
SaaS are fully managed by another company, from the applications to the data to the servers, whereas PaaS products can be used as the foundation for building new products on top of the platform’s network. SaaS is best for companies looking for an out-of-the-box ease of use, and PaaS is best for companies looking to build a solution on an existing network

4. Cloud Computing Applications: Who leads the game?

– Scalable Usage: Netflix, Amazon Prime etc
– Chatbots: Siri, Alexa and Google Assistant
– Communication: Skype and WhatsApp
– Productivity: Microsoft Office 365 and Google Docs
– Business Process: Salesforce, Hubspot, Marketo
– Backup and recovery: Dropbox, Google Drive and Amazon S3
– Application development: Amazon Lumberyard
– Big data analytics: Hadoop, Cassandra, HPCC
– Social Networking: Facebook, LinkedIn,MySpace, Twitte

5. VIETNAM CLOUD SERVICE MARKET

In Vietnam, Cloud computing has grown rapidly since the 1900s when the internet has become popular. However, it was not until August 2008 that IBM and Microsoft were pioneering firms providing cloud computing services in Vietnam.
The Vietnamese cloud service market is projected to grow from $165 million in 2018 to $291 million by 2024 — from ResearchAndMarkets.com, by surging adoption of cloud services such as Infrastructure-as-a-Service, Software-as-a-Services, and growing number of small & medium-sized enterprises

6. WHAT’S NEXT?

As other emerging technologies, Cloud is widely recognized as a technology game changer, as its potential for driving business innovation.

If you are one of the key players in Deeptech Asia ecosystem, you are welcomed to THE VIETNAM DEEP TECH ECOSYSTEM MEETUP hosted by SGInnovate x YellowBlocks

More information: www.yellowblocks.org/yb006

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A content curation by YellowBlocks
Sources: IBM, aws.amazon.com, hubspot.com, researchandmarkets.com

About YellowBlocks
Established in 2018, YellowBlocks is the first emerging tech ecosystem connector and consulting firm for Vietnam and the world. We have more than 100 partners and 80 advisors globally, with an extended reach of 100,000+ audience in the tech/ startup space.

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