Asia-Pacific Data as a Service (DaaS) Market Research Report 2024-2030: Industry Expected to Grow Approx. 22% CAGR

Asia-Pacific Data as a Service (DaaS) Market: In-Depth Analysis and Forecasts for 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Asia-Pacific Data as a Service (DaaS) Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Asia-Pacific Data as a Service (DaaS) Market: 2024-2030

The Asia-Pacific Data as a Service (DaaS) Market size is estimated to grow at a CAGR of around 22% during the forecast period, i.e., 2024-30. The Asia Pacific region has been experiencing unprecedented growth in its fintech industry due to the rising adoption of online payment platforms, a surging count of startups in the region, and the increasing integration of advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, Industry 4.0, BigData, among others. In recent years, internet penetration & smartphone accessibility in the region have drastically increased. As per the Global System for Mobile Communications (GSMA), in 2022, almost 1.23 billion individuals in the Asia-Pacific region use mobile internet services. This higher internet usage is creating a conducive environment for the adoption of digital services in different industry verticals, like BFSI, IT & Telecom, etc.

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What are the primary factors driving the growth of the Asia-Pacific Data as a Service (DaaS) Market?

Increasing Inclination Towards Cloud Computing in Various Industry Verticals Boost the Market Growth – The increasing incorporation of digitalized services, such as cloud computing, serverless computing, software as a service, business process automation, etc., has augmented the demand for data services to manage & extract insights from data aggregators. Several businesses are inclining towards cloud computing in the Asia-Pacific countries. According to Red Hat Inc., as of 2023, around 85% of business leaders in APAC have started to adopt cloud-based solutions within their organizations. This helps the organizations to make informed decisions for the enterprises based on the data collected & stored on the cloud-based platform. Moreover, the top companies are also allocating substantial funds in fields such as fintech, digital payments, data processing & hosting, cloud computing, and professional & technical services. Based on the research conducted by Canalys company, in Q2 2022, the spending on cloud infrastructure reached around USD8.7 billion within the APAC region excluding China. As a result, there would be a surge in the adoption of DaaS within the industries during the forecast period.

Furthermore, the establishment of investment promotion agencies, digital clusters, and digital special economic zones across the Asia-Pacific region by various private & public players is leading to the incubation of DaaS. Additionally, the perpetual implementation of digitalization services through data localization policies, local storage requirements, and conditional flow regimes would augment the use case of DaaS in the coming years.

Asia-Pacific Data as a Service (DaaS) Market Segmentation:

The Asia-Pacific Data as a Service (DaaS) market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Deployment

Public Cloud - Market Size & Forecast 2019-2030, USD Million
Private Cloud - Market Size & Forecast 2019-2030, USD Million
Hybrid & Multi Cloud - Market Size & Forecast 2019-2030, USD Million

By Organization Size

Large Enterprises- Market Size & Forecast 2019-2030, USD Million
Small & medium Enterprises- Market Size & Forecast 2019-2030, USD Million

By End User

BFSI - Market Size & Forecast 2019-2030, USD Million
Healthcare - Market Size & Forecast 2019-2030, USD Million
Retail - Market Size & Forecast 2019-2030, USD Million
IT & Telecom - Market Size & Forecast 2019-2030, USD Million
Government - Market Size & Forecast 2019-2030, USD Million
Others (Media & Entertainment, Industrial, etc.) - Market Size & Forecast 2019-2030, USD Million

Geographical Analysis into the Asia-Pacific Data as a Service (DaaS) Market:

The Asia-Pacific Data as a Service (DaaS) market is categorized based countries:

China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific

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Competitive Landscape and Asia-Pacific Data as a Service (DaaS) Market Share Analysis:

The competitive landscape of the Asia-Pacific Data as a Service (DaaS) Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

Microsoft Corporation
Google
Amazon Web Services
IBM Corporation
Oracle Corporation
Alibaba Group Holding Limited
SAP SE
Teradata Corporation
SAS Institute, Inc.
Huawei Technologies Co., Ltd.
Bloomberg Finance L.P
IQVIA
TIBCO Software
Thomson Reuters Corporation
Morningstar, Inc.
Equifax, Inc.
Moody's Investors Service, Inc.
MasterCard Advisors LLC
Dow Jones & Company, Inc.
Hitachi Vantara
Information Builders
NetApp, Inc.
Others

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Questions Addressed in this Study

What factors are driving the Asia-Pacific Data as a Service (DaaS) Market growth?
How is the Asia-Pacific Data as a Service (DaaS) Market expected to grow over the next five years?
What are the key insights into the current trends in the Asia-Pacific Data as a Service (DaaS) Market?
What is the current size of the Asia-Pacific Data as a Service (DaaS) Market, and how is it projected to change in the future?
What is the future outlook for the Asia-Pacific Data as a Service (DaaS) Market in terms of technological advancements and market expansion?

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