Asia-Pacific DaaS Industry Set for 22% CAGR by 2030, Fueled by Cloud Computing Integration

Increasing Inclination Towards Cloud Computing in Various Industry Verticals Boost the Market Growth, States by the recent report description published by Markntel Advisors, a leading consulting, data analytics, and market research firm. The report further signifies that emerging digitalization is the growing factors that propel the industry to witness lucrative progress. The rising incorporation of diglogitalized services, such as cloud computing, serverless computing, software as a service, business process automation, etc., accelerates the requirements for data services. Additionally, the inclination of widespread market players of Asia-Pacific region towards cloud computing favors the remunerative growth of Data as a Service market.

The further report comprises, “Asia-Pacific Data as a Service (DaaS) Market Research Report: Asia-Pacific Data as a Service (DaaS) Industry Bifurcations - 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.)), and Others Forecast (2024-2030)”, According to the report, 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 market growth is also driven by the increasing adoption of online payment platforms, coupled with mounting startups in the region. Additionally, the incorporation of advanced technologies such as the Internet of Things, Artificial Intelligence, Blockchain, Industry 4.0, BigData, among others, facilitates exponential market expansion.

Leading Segmentation Analysis Based On End-Users, Organization Size, and Country

The Asia-Pacific Data as a Service (DaaS) market is segmented into four segments based on end users, organization size, deployment, and Country.

• Based on End Users, the market is segmented into BFSI, Healthcare, Retail, IT & Telecom, Government, and Others (Media & Entertainment, Industrial, etc.) in 2024, The BSFI segment will dominate the Asia-Pacific Data as a Service (DaaS) Market
• Based on Organization Size, the market is segmented into Large Enterprises Small & medium Enterprises, in 2024, the Large Enterprise segment will dominate the Asia-Pacific Data as a Service (DaaS) Market
• Based on Country, the market is segmented into China, India, Japan, South Korea, Singapore, rest of Asia-pacific, in 2024, India dominate the Asia-Pacific Data as a Service (DaaS) Market

Growing Acceptance of Data Analytics Solutions in Auditing & Accounting Firm Augments Market Dynamics

With the changing trend, auditing & accounting firms produce a widespread data pool, these data comprise financial information to internal decision-making reports. Additionally, the datasets within the accounting & auditing firms are relatively large, therefore there is a reliable requirement for solutions that provide high computing power & storage solutions to the auditing firm, boosting the Asia-Pacific Data as a Service (DaaS) market.

Frequently Asked Questions (FAQs)-

1. What is the expected CAGR value of the Asia-Pacific Data as a Service (DaaS) Market during the forecast period?
2. What are the trends influencing the current scenario of the Asia-Pacific Data as a Service (DaaS) market?
3. What key factors would propel and impede the Asia-Pacific Data as a Service (DaaS) industry across the region?
4. How has the industry been evolving in terms of geography & Asia-Pacific Data as a Service (DaaS) adoption?
5. Which Country dominated the Asia-Pacific Data as a Service (DaaS) in 2022?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
7. Which is the Leading End-User segment in the Asia-Pacific Data as a Service (DaaS) market?