The Asia Pacific Platform Engineering Services Market would witness market growth of 23.8% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Platform Engineering Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,113.8 million by 2031. The Japan market is registering a CAGR of 23.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 24.8% during (2024 - 2031).
In industries like manufacturing, integrating IoT devices has led to the emergence of Industry 4.0, a revolution in manufacturing processes that emphasizes automation, connectivity, and data exchange. Industry 4.0 is anticipated to generate a value of up to $3.7 trillion by 2025, as per the Economic Forum. In this context, these services are crucial for creating the infrastructure that supports smart manufacturing processes, including predictive maintenance, supply chain optimization, and production efficiency improvements.
The concept of smart cities is another area where IoT is driving significant growth, contributing to the expansion of these services. Smart cities use IoT technology to improve urban infrastructure, optimize resource use, and enhance the quality of life for residents through the intelligent management of transportation, energy, water, waste, and public safety systems. According to the UN-Habitat, estimates of spending on the smart cities industry range from USD 820.7 billion to USD 2.5 trillion by 2026. These services are essential in building the infrastructure that supports these systems, ensuring they are scalable, secure, and capable of handling the massive amounts of data generated by IoT networks.
Australia's booming retail and e-commerce sector is a key driver of platform engineering adoption. In 2022, Australian retail spending reached US$242 billion, with e-commerce accounting for 18% of total retail, at US$45 billion. This rapid expansion has led to an increase in the production of data from inventory management, supply chain operations, and customer transactions. Australian retailers increasingly rely on these services to secure this critical data, ensuring business continuity and safeguarding against system failures and cyber threats. The need for robust platform solutions to ensure compliance with Japan's stringent data privacy regulations, including the Act on the Protection of Personal Information (APPI), is growing. Japan's IT and ITeS sectors are adopting platform engineering services to secure sensitive data, support remote work models, and enable disaster recovery. Thus, the regional market is expected to grow rapidly owing to the aforementioned factors.
Free Valuable Insights: The Global Platform Engineering Services Market is Predict to reach USD 27.0 Billion by 2031, at a CAGR of 23.2%
Based on Deployment, the market is segmented into Cloud. And On-Premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into IT & Telecommunications, BFSI, Retail & E-commerce, Manufacturing, Healthcare, Government, and Other Vertical. Based on Type, the market is segmented into Design & Architecture, Development & Implementation, Support & Maintenance, Optimization & Performance Tunings, Integration & Migration, and Other Type. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Deployment
By Organization Size
By Vertical
By Type
By Country
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