Asia-pacific Everything As A Service (Xaas) Market Forecast 2023-2032

Asia-pacific Everything As A Service (Xaas) Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific Everything as a Service (XaaS) market growth is anticipated to progress at a CAGR of 22.94% during the forecast period, 2023-2032. The surging remote working has increased the demand for XaaS in the region. Also, Asian companies are prioritizing the establishment of cloud-based digital transformation solutions to cater to the increasing consumer demands.

MARKET INSIGHTS

Thailand, Japan, South Korea, Indonesia, China, Singapore, Australia & New Zealand, India, and Rest of Asia-Pacific are evaluated for the Asia-Pacific Everything as a Service (XaaS) market growth analysis. In South Korea, the cloud computing industry is expanding, with more companies accelerating their migration to cloud computing to cut costs and offer better services based on cutting-edge technologies. Also, domestic companies like Samsung SDS, CNS, LG, SK C&C, Naver, and KT face strict competition from foreign companies like IBM, Microsoft, and AWS. Of these, AWS dominates the South Korea cloud services market. Besides, in 2020, Google announced the establishment of a set of data centers in Seoul.

Whereas in Indonesia, the public cloud is gaining popularity with unicorns, financial institutions, merchants, and enterprises. In addition, several cloud companies are launching their services in the country. For instance, in June 2020, Google launched its cloud platform in Jakarta. Also, in 2021, Alibaba Cloud announced its plans to open a third data center in Indonesia.

Furthermore, the favorable and robust government support for business and its thriving economy aid the development of the cloud migration services industry. Moreover, the entry of new cloud providers, especially global companies, alongside associated technological and infrastructural developments, offers growth opportunities for the analyzed market.

COMPETITIVE INSIGHTS

Some of the leading companies in the market are Oracle Corporation, SAP SE, Alibaba Group Holding Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments