MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Asia-Pacific Data as a Service (DaaS) Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Asia-Pacific Data as a Service (DaaS) Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019–22
- Base Year: 2023
- Forecast Years: 2024–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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Asia-Pacific Data as a Service (DaaS) Market Outlook
According to the report 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 report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
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Asia-Pacific Data as a Service (DaaS) Market Drivers:
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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Asia-Pacific Data as a Service (DaaS) Market Trends:
Increasing Adoption of Data Analytics Solutions in Auditing & Accounting Firms – Auditing & accounting firms have a vast data pool, ranging from financial information to internal decision-making reports. Based on the research by the Franklin Institute, accounting firms generate around 2.5 quintillion bytes of data. As a result, these organizations require advanced data analytics solutions to ascertain business development & generate insights from the gathered data. According to the survey by Sage, a software vendor, around 44% of accounting firms use advanced predictive analysis. Moreover, the datasets within the accounting & auditing firms are relatively large, therefore there is a consistent need for solutions that offer high computing power & storage solutions to the auditing firm, augmenting the Asia-Pacific Data as a Service (DaaS) market.
Asia-Pacific Data as a Service (DaaS) Market Segmentation
The study categorizes the Asia-Pacific Data as a Service (DaaS) Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
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
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Country
- China
- India
- Japan
- South Korea
- Singapore
- Rest of Asia-Pacific
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Leading Companies in Asia-Pacific Data as a Service (DaaS) Market Worldwide: Players, Analysis & Future Outlook
- Microsoft Corporation
- 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.
- Others
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
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Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Asia-Pacific Data as a Service (DaaS) Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Asia-Pacific Data as a Service (DaaS) Market?
4. Who are the prominent players in the Asia-Pacific Data as a Service (DaaS) Market?
5. How is the competition structured in this market?
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About Us
MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.
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