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ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Everything as a Service Market by Type (Platform as a Service, Software as a Service, Infrastructure as a Service, Analytics as a Service, Device as a Service, Unified Communications as a Service, Other Types) Market by Organization Size (Large Enterprises, Small and Medium Enterprises) Market by Business Type (B2B, B2C) Market by Vertical (Banking, Financial Services and Insurance, Manufacturing, Healthcare & Life Sciences, IT & Telecommunication, Consumer Goods & Retail, Government & Public Sector, Other Verticals) by Geography


MARKET OVERVIEW

The Asia-Pacific Everything as a Service (XaaS) market is expected to project a CAGR of 22.94% during the forecast period, 2023-2032, and is set to reach a revenue of $1312.26 billion by 2032.

The Everything as a Service (XaaS) market growth in Asia-Pacific is attributed to the shift to public cloud providers by telecommunications businesses, airlines, professional services organizations, and banks. Also, the region is gaining prominence in the cloud migration services sector. Besides, Asian countries have raised their investments in IT infrastructure over the years. 

However, the Asia-Pacific Everything as a Service (XaaS) market growth is hindered by the high costs associated with database maintenance and subscription.

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The Asia-Pacific Everything as a Service (XaaS) market growth assessment includes the analysis of Singapore, Australia & New Zealand, Thailand, Japan, South Korea, Indonesia, China, India, and Rest of Asia-Pacific. China is the second-largest cloud migration services market globally. In addition, online entertainment, online payment, and e-commerce are already popular in the country. Moreover, there has been a rise in cloud infrastructure expenditure. Furthermore, prominent companies like Tencent, Huawei, Baidu, and Alibaba are increasingly investing in cloud-based AI technology to facilitate a vast range of use cases like machine vision, voice assistants, and driverless cars. 

Also, Baidu Wangpan, Tencent Cloud, and Alibaba Cloud dominate the Chinese cloud migration services industry. For instance, Tencent Video had more than 1.268 billion mobile monthly active users and 123 million premium consumers as of March 2022. Additionally, Amazon Web Services (AWS) and Microsoft are collaborating with local providers in the country. 

In Thailand, the companies raised their cloud expenditures during COVID-19 to maintain normal operations. As per PwC Thailand stats, the pandemic led to over 50% of Thai businesses embracing cloud-based services, particularly hybrid cloud models that enable remote work. Also, government agencies contributed to the cloud and data center sectors’ growth, adopting online services as part of the e-government agenda. In addition, the growing shift to data center colocations and cloud solutions offers growth opportunities. Such factors drive market growth in these countries. 

The Asia-Pacific Everything as a Service (XaaS) market segmentation includes vertical, type, organization size, and business type. The type segment includes Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Device as a Service (DaaS), Unified Communications as a Service (UCaaS), Software as a Service (SaaS), Analytics as a Service (AaaS), and other types.

The Device as a Service(DaaS) charges a monthly fee for IT equipment like mobile devices, cell phones and personal computers, and management services. Organizations that use DaaS can scale up or down their devices to meet rapidly changing demands. Also, organizations can access modern technologies without making large investments. 

Furthermore, DaaS encompasses two kinds of desktops, non-persistent and persistent. Non-persistent desktops are a way to access shared cloud services. Whereas persistent desktops need more storage, and thus, incur more expenses. Moreover, the advantages of Desktop as a Service (DaaS) include enhanced security, cost savings, reduced downtimes for IT support, increased flexibility, etc. 

Some of the key firms operating in the Asia-Pacific Everything as a Service (XaaS) market are Alphabet Inc, Alibaba Group Holding Ltd, SAP SE, Oracle Corporation, etc.

Alibaba Group Holding Ltd (Alibaba Group) provides fundamental technology infrastructure services to businesses, retailers, brands, and merchants to operate, sell, and market using the internet. Its services include cloud computing, digital media & entertainment, and core commerce. The company is headquartered in Hangzhou, Zhejiang, China, with a business presence in Australia, New Zealand, Japan, the Netherlands, Germany, France, Italy, Singapore, Korea, the United Kingdom, the United States, Taiwan, China, and Hong Kong. 

One of its products, Alibaba Cloud Linux, includes advanced features and offers a stable & reliable environment for cloud-based applications.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments Analyzed
Type, Vertical, Business Type, Organization Size
Countries AnalyzedSingapore, Australia & New Zealand, Thailand, Japan, South Korea, Indonesia, China, India, and Rest of Asia-Pacific
Companies AnalyzedAmazon.com Inc, Microsoft Corporation, Oracle Corporation, Alphabet Inc, Alibaba Group Holding Ltd, SAP SE, Salesforce Inc, Adobe Systems, VMware, Tata Consultancy Services, IBM Corporation, Nokia Corporation, HCL Technologies Ltd, Rackspace Technology, DXC Technology, Cisco Systems Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. SAAS MARKET IS EXPECTED TO DECLINE IN THE FORECAST PERIOD
      2. IT AND TELECOM SECTORS PROJECT LUCRATIVE PROSPECTS
      3. DATA PRIVACY & OWNERSHIP IS A MAJOR CONCERN
      4. DIVERSE OFFERINGS AVAILABLE IN XAAS MARKET
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING APPLICATION OF CLOUD COMPUTING SYSTEMS
      2. DIMINISHING OPERATIONAL COSTS AND FASTER DEPLOYMENT
      3. INTENSE DEMAND FOR PAY-AS-YOU-GO SUBSCRIPTION MODELS
      4. GOVERNMENT AND PRIVATE SECTOR INVESTMENTS IN INTERNET TECHNOLOGIES
    2. KEY RESTRAINTS
      1. VENDOR LOCK-IN PROBLEMS IN CLOUD
      2. ISSUES RELATED TO PRIVACY AND DATA CONFIDENTIALITY
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY TYPE
    1. PLATFORM AS A SERVICE (PAAS)
    2. SOFTWARE AS A SERVICE (SAAS)
    3. INFRASTRUCTURE AS A SERVICE (IAAS)
    4. ANALYTICS AS A SERVICE (AAAS)
    5. DEVICE AS A SERVICE (DAAS)
    6. UNIFIED COMMUNICATIONS AS A SERVICE (UCAAS)
    7. OTHER TYPES
  6. MARKET BY ORGANIZATION SIZE
    1. LARGE ENTERPRISES
    2. SMALL AND MEDIUM ENTERPRISES
  7. MARKET BY BUSINESS TYPE
    1. BUSINESS-TO-BUSINESS (B2B)
    2. BUSINESS-TO-CONSUMER (B2C)
  8. MARKET BY VERTICAL
    1. BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
    2. MANUFACTURING
    3. HEALTHCARE & LIFE SCIENCES
    4. IT & TELECOMMUNICATION
    5. CONSUMER GOODS & RETAIL
    6. GOVERNMENT & PUBLIC SECTOR
    7. OTHER VERTICALS
  9. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET DRIVERS
      3. ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        5. THAILAND
          1. THAILAND EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        6. INDONESIA
          1. INDONESIA EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        7. SINGAPORE
          1. SINGAPORE EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES
      2. PARTNERSHIPS
      3. ACQUISITIONS
    2. COMPANY PROFILES
      1. ADOBE SYSTEMS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      2. ALIBABA GROUP HOLDING LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      3. ALPHABET INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. AMAZON.COM INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. CISCO SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      6. DXC TECHNOLOGY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      7. HCL TECHNOLOGIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      8. IBM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      9. MICROSOFT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. NOKIA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      11. ORACLE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      12. RACKSPACE TECHNOLOGY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      13. SALESFORCE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      14. SAP SE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      15. TATA CONSULTANCY SERVICES
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      16. VMWARE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS

                                  

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – EVERYTHING AS A SERVICE (XAAS)

TABLE 2: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 4: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 6: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 8: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 10: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 11: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 12: LEADING PLAYERS OPERATING IN ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET

TABLE 13: LIST OF PRODUCT LAUNCHES

TABLE 14: LIST OF PARTNERSHIPS

TABLE 15: LIST OF ACQUISITIONS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 7: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY PLATFORM AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 8: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY SOFTWARE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 9: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY INFRASTRUCTURE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 10: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY ANALYTICS AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 11: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY DEVICE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 12: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY UNIFIED COMMUNICATIONS AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 13: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER TYPES, 2023-2032 (IN $ BILLION)

FIGURE 14: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2022

FIGURE 15: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY LARGE ENTERPRISES, 2023-2032 (IN $ BILLION)

FIGURE 16: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY SMALL AND MEDIUM ENTERPRISES, 2023-2032 (IN $ BILLION)

FIGURE 17: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY BUSINESS TYPE, IN 2022

FIGURE 18: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-BUSINESS (B2B), 2023-2032 (IN $ BILLION)

FIGURE 19: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-CONSUMER (B2C), 2023-2032 (IN $ BILLION)

FIGURE 20: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2022

FIGURE 21: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI), 2023-2032 (IN $ BILLION)

FIGURE 22: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY MANUFACTURING, 2023-2032 (IN $ BILLION)

FIGURE 23: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY HEALTHCARE & LIFE SCIENCES, 2023-2032 (IN $ BILLION)

FIGURE 24: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY IT & TELECOMMUNICATION, 2023-2032 (IN $ BILLION)

FIGURE 25: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY CONSUMER GOODS & RETAIL, 2023-2032 (IN $ BILLION)

FIGURE 26: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2023-2032 (IN $ BILLION)

FIGURE 27: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER VERTICALS, 2023-2032 (IN $ BILLION)

FIGURE 28: ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 29: CHINA EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 30: JAPAN EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 31: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 32: SOUTH KOREA EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 33: THAILAND EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 34: INDONESIA EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 35: SINGAPORE EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 36: AUSTRALIA & NEW ZEALAND EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 37: REST OF ASIA-PACIFIC EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

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