Strong Growth Ahead: Asia-Pacific Data as a Service (DaaS) Market Projects 22% CAGR Increase by 2030

Overview of Asia-Pacific Data as a Service (DaaS) Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Asia-Pacific Data as a Service (DaaS) Market size is estimated to grow at a CAGR of around 22% from 2024-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

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What are the key drivers influencing the growth of the Asia-Pacific Data as a Service (DaaS) market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

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.

How is the Asia-Pacific Data as a Service (DaaS) market segmented and what are the key factors within each segment?

The Asia-Pacific Data as a Service (DaaS) market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

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) industry?

The competitive landscape of the Asia-Pacific Data as a Service (DaaS) market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

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

Market Advancement by Leading Companies:

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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