Asia-Pacific Data as a Service (DaaS) Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Asia-Pacific Data as a Service (DaaS) Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Asia-Pacific Data as a Service (DaaS) presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Asia-Pacific Data as a Service (DaaS) Market Research Report & Market Summary:

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. Therefore, several industries have started providing their service through online channels. According to the International Data Corporation (IDC), almost 22% of the organizations in Asia-Pacific have allocated substantial funds to use generative AI within their enterprise. This increasing inclination towards digital platforms is resulting in the increased requirement for solutions that help in resource management & streamlining of business operations. Consequently, this is leading to the extensive usage of the DaaS, enlarging Asia-Pacific Data as a Service (DaaS) market size.

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

Key Driver-

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 Analysis:

According to MarkNtel study the market is segmented into the following categories:

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

Among them, Large Enterprises holds a dominant market share in the Asia-Pacific Data as a Service (DaaS) market during the historical period.

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

Of them all, BFSI holds a prominent market share in the Asia-Pacific Data as a Service (DaaS) market. Countries such as India, China, Singapore, and Japan, among others, have become global financial hubs with the increasing presence of large financial institutions in the region.

By Country

China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific.

Geographically, India holds a noteworthy market share in the Asia-Pacific Data as a service (DaaS) market. With the quick adoption of digitalization across multiple areas, including government services & commercial organizations, etc., the country's ICT industry has been undergoing a remarkable transformation that would foster the growth of DaaS solutions & services. Further, the promising government initiatives towards startup incubation, fast-tracking R&D investments to brush up its technological capabilities, and continuous investments made by various global IT players, among others, are creating a firm foundation for a technologically sound environment, leading to the increased adoption of DaaS in India.

As indicated in the latest market research report published by Markntel Advisors, “Asia-Pacific Data as a Service (DaaS) Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Asia-Pacific Data as a Service (DaaS) industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/asia-pacific-data-as-a-service-daas-market.html

Top Companies Operating in the Asia-Pacific Data as a Service (DaaS) Market:

Technology Providers
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
Others
Key Data Aggregators
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.

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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