Asia-Pacific Data as a Service (DaaS) Market: Share, Growth, Trends Analysis, Business Opportunities and Forecast 2030:

Market Insights

As per recent research by MarkNtel Advisors, The Global Asia-Pacific Data as a Service (DaaS) Market is expected to grow at a CAGR of around 22% during the forecast period, i.e., 2024-30.

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.

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.

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Market Segmentation and Consumer Behavior:

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

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

By Country:

China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific

Key Players and Competitive Strategies in the Asia-Pacific Data as a Service (DaaS) Market

Several prominent players dominate the Asia-Pacific Data as a Service (DaaS) Market, including:

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
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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Questions Addressed in this Study

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

2.How is the Asia-Pacific Data as a Service (DaaS) Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Asia-Pacific Data as a Service (DaaS) Market?

4.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?

6.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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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.