Asia-Pacific Data as a Service (DaaS) Market Size, Share, Top Players- 2030

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

The key object of this report on the Asia-Pacific Data as a Service (DaaS) Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Asia-Pacific Data as a Service (DaaS) Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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

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.

Asia-Pacific Data as a Service (DaaS) Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

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.

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

Asia-Pacific Data as a Service (DaaS) Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided 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

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

By Country

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

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Who are the Key Market Players in the Asia-Pacific Data as a Service (DaaS) Market?

In the fast-changing Asia-Pacific Data as a Service (DaaS) Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Asia-Pacific Data as a Service (DaaS) market ruling the industry are:

List of Key Companies Profiled:

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.

Asia-Pacific Data as a Service (DaaS) Recent Development:

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

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