Press Release

Asia-Pacific Data as a Service Market to Grow at a CAGR of Around 22% During 2024-2030

The Asia-Pacific Data as a Service Market is projected to grow at a CAGR of 22% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The rapid digitalization across different industry verticals, coupled with the rising startups in the fintech industry have proliferated the amounts of data generation in Asia-Pacific nations. This has elevated the implementation of Data as a Service (DaaS) to manage & store the data, contributing to the market growth.

Moreover, the increasing incorporation of emerging technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain, for automating different industries is also amplifying the need for digital solutions.

Additionally, these services help in deriving critical business insights and making real-time decisions based on the collected data. Therefore, organizations are increasingly using these solutions to gain a competitive edge over the other market players in the region.

Further, the generated data are stored in large data warehouses, which results in additional costs for the enterprises. Therefore, large-scale enterprises seek cost-effective solutions that help in the storage & management of data. Along with this, these solutions also help in retrieving insightful outcomes from the accumulated data and enable enterprises to easily access their data from anywhere via the cloud platform.

The Asia-Pacific Data as a Service Market is projected to grow at a CAGR of 22% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The rapid digitalization across different industry verticals, coupled with the rising startups in the fintech industry have proliferated the amounts of data generation in Asia-Pacific nations. This has elevated the implementation of Data as a Service (DaaS) to manage & store the data, contributing to the market growth.

Moreover, the increasing incorporation of emerging technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain, for automating different industries is also amplifying the need for digital solutions.

Additionally, these services help in deriving critical business insights and making real-time decisions based on the collected data. Therefore, organizations are increasingly using these solutions to gain a competitive edge over the other market players in the region.

Further, the generated data are stored in large data warehouses, which results in additional costs for the enterprises. Therefore, large-scale enterprises seek cost-effective solutions that help in the storage & management of data. Along with this, these solutions also help in retrieving insightful outcomes from the accumulated data and enable enterprises to easily access their data from anywhere via the cloud platform.