Thu. Jul 25th, 2024

Challenges in the Asia-Pacific Data as a Service (DaaS) Market: Strategies for Sustaining 42.65% CAGR Forecast (2022-27)

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

According to the latest market study by MarkNtel Advisors titled Asia-Pacific Data as a Service (DaaS) Market Size, Share, Trends, Growth, Opportunity Analysis 2022-2027” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

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

The Asia-Pacific Data as a Service (DaaS) market is projected to grow at a CAGR of around 42.65% during the forecast period, i.e., 2022-27. 

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Possible Restraint: Concerns Over Exposure of Mission-critical Data of Enterprises to Negatively Impact the Market

With the numerous advantages of DaaS implementation, several challenges may hinder the market growth of DaaS in the Asia-Pacific. The foremost concerns of an organization are related to data privacy, data security, and proper governance. Moreover, for implementing DaaS, the enterprise needs to migrate all of its data from on-premise to the cloud. Therefore, the risk of privacy revolves around the fact that the data shared by the organization may include information about mission-critical applications, client information, business secrets, etc. Therefore, there is a high possibility of data vulnerability & exposure concerning data security, if the DaaS vendor’s security is not up-to-date. Hence, this leads to distresses in the organization regarding their data security which may further hinder the DaaS adoption.

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

This report focuses on major market participants like:

  • 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
  • TIBCO Software
  • Others

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

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Asia-Pacific Data as a Service (DaaS) Market, with notable highlighting on:

-By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

Of them, Large Enterprises have assimilated a significant share in the Asia-Pacific Data as a Service (DaaS) market during the historical period. Large enterprises possess vast amounts of data, ranging from internal operational data to sensitive client information from different geographies, therefore, incorporating DaaS provides advanced analysis of the data aggregated from various enterprises. An increase in the adoption of cloud-based services across numerous verticals, especially by BFSI, IT & telecom, and healthcare, among others, has augmented the demand for DaaS services across these domains. Furthermore, these enterprises have diverse operational needs, including data handling, storage, network security, etc., hence the incorporation of DaaS helps them to generate useful insights by implementing advanced analytics in the data warehouse in no time.

-By Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid & Multi Cloud

-By End-User

  • BFSI
  • Healthcare
  • Retail
  • IT & Telecom
  • Government
  • Others (Media & Entertainment, Industrial, etc.)

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

-By Country

  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Rest of Asia Pacific

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Asia-Pacific Data as a Service (DaaS) market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

About Us

MarkNtel Advisors is a leading market research company, 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.

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