The China market dominated the Asia Pacific Insights-as-a-Service Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.63 billion by 2031. The Japan market is expected to witness a CAGR of 20.5% during 2024-2031. Additionally, the India market would register a CAGR of 22% during 2024-2031.
The ability to focus on core competencies while outsourcing complex data analysis has led to increased adoption. Businesses can leave the task of generating insights to expert providers, enabling them to concentrate on their core operations and strategies. As the volume of data continues to grow, organizations increasingly rely on IaaS to make sense of vast and complex datasets, extracting meaningful insights without developing and maintaining their own analytics infrastructure.
Several emerging trends are shaping the market, driving its growth and transformation. One significant trend is the increasing integration of AI and ML technologies. These technologies enhance the predictive and prescriptive capabilities of IaaS platforms, allowing businesses to forecast future outcomes and receive actionable recommendations for optimal decision-making. Machine learning algorithms are becoming essential for uncovering hidden patterns in data, which traditional analytics methods may miss.
In China, the robust growth of the software and IT services sector, with a revenue increase of 13.4% year-on-year in 2023, signals a growing market for data-driven services. With China’s significant revenue generation, China's software industry creates opportunities for IaaS platforms that can support a wide range of industries, from finance to healthcare and manufacturing. As businesses in China increasingly rely on technology to improve productivity and gain a competitive edge, IaaS solutions will provide valuable insights from vast amounts of data, enabling companies to optimize operations, improve customer experiences, and drive innovation. The government’s emphasis on technological growth ensures that the demand for advanced analytics and data services will continue to rise.
The convergence of these trends in India and China will drive the IaaS market, offering opportunities for businesses in both countries to harness data and gain a strategic advantage. With the banking and fintech sectors booming in India and China’s software industry experiencing impressive growth, IaaS platforms will be instrumental in helping organizations unlock the full potential of their data, fostering greater efficiency, innovation, and economic growth in both regions.
List of Key Companies Profiled
- Accenture PLC
- Capgemini SE
- Dell Technologies, Inc.
- Oracle Corporation
- Microsoft Corporation
- GoodData Corporation
- IBM Corporation
- Infosys Limited
- NTT Data Corporation
- Tata Consultancy Services Ltd.
Market Report Segmentation
By Type
- Descriptive Insights
- Predictive Insights
- Prescriptive Insights
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Enterprise
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By End-use
- BFSI
- Retail & E-commerce
- IT & Telecom
- Healthcare
- Manufacturing
- Media & Entertainment
- Government
- Other End-use
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Companies Mentioned
- Accenture PLC
- Capgemini SE
- Dell Technologies, Inc.
- Oracle Corporation
- Microsoft Corporation
- GoodData Corporation
- IBM Corporation
- Infosys Limited
- NTT Data Corporation
- Tata Consultancy Services Ltd.
Methodology
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