Asia-Pacific Data as a Service (DaaS) Market Volume, Trends and Growth Outlook Report 2030

Asia-Pacific Data as a Service (DaaS) Market Poised for Robust Growth, Forecasted to Expand at 22% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in 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. 

Report Coverage

This report offers a comprehensive analysis of the Asia-Pacific Data as a Service (DaaS) Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Asia-Pacific Data as a Service (DaaS) Market Overview

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.

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

The Asia-Pacific Data as a Service (DaaS) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Deployment

• Public Cloud
• Private Cloud
• Hybrid & Multi Cloud

By Organization Size

• Large Enterprises
• Small & medium Enterprises

By End User

• BFSI
• Healthcare
• Retail
• IT & Telecom
• Government
• Others (Media & Entertainment, Industrial, etc.)

By Country

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

Asia-Pacific Data as a Service (DaaS) Market 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.

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Top Asia-Pacific Data as a Service (DaaS) Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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., and Others as key players shaping the market landscape.

Asia-Pacific Data as a Service (DaaS) Market News

• 2024 Years: Microsoft Corporation: Launched a data as a service solution called Purview that helps in securing the data and detects data-related risks.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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