Snyk’s has announced the general availability of a new data center in Sydney. In 2022, Snyk experienced over 150% YoY growth in ANZ alone, with customers like Australia Post, Atlassian, and Komatsu Australia using Snyk to secure their applications.
According to IDG researchers, cloud services amounted to 85% of the IT and business services market in Asia-Pacific in the first quarter of 2021, far exceeding other regions in the world. This coincides with a worldwide growth in enterprise spending directed at cloud-based technologies which is expected, according to Gartner, to reach two-thirds of overall enterprise spending on application software in 2025.
Accompanying this growth in cloud adoption are emerging data governance laws and regulations. Companies seeking to leverage the benefits of cloud services are increasingly concerned about how their data is processed, stored, and shared.
Whether because of legislative or regulatory demands, contractual agreements, or internal corporate policies, data residency has now become a key consideration for organizations when using new cloud-based technologies and services. In some of the data privacy laws in APAC, there are requirements that transfer of personal data has to maintain a minimum level of privacy protections. In the case of some regulated financial data, local storage of data may be required before any transfer of data.
Snyk’s developer security platform is now also hosted in Sydney, Australia, allowing companies with local data residency requirements to secure their applications with Snyk’s developer security platform.
“We are committed to support our customers in their efforts to mitigate security risk while also complying with regulatory compliance requirements across Asia-Pacific,” says Shaun McLagan, VP APJ at Snyk. “With this new Sydney data centre, our customers will be able to leverage Snyk to build software securely while also meeting data residency concerns.”
