At 17.7% CAGR, Asia Pacific Data Mesh Market is Projected to be Worth US$ 1,145.29 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific data mesh market was valued at US$ 311.87 million in 2023 and is expected to reach US$ 1,145.29 million by 2031, registering a CAGR of 17.7% from 2023 to 2031. Increasing need for federated computational governance and rising strategic initiatives by market players are among the critical factors attributed to drive the Asia Pacific data mesh market growth.

A federated computational governance framework ensures consistent metadata standards and governance policies while integrating metadata management and data cataloging across domains. This makes it easier for organizations to find and comprehend data assets without compromising compliance and security norms. Key players are focusing on creating awareness related to the benefits provided by data mesh solutions and the implementation of federated computational governance using Open Policy Agent (OPA) and policy-as-code. This provides organizations an insight into their data and supports them in scaling up without creating bottlenecks. For instance, in April 2023, Open Credo Ltd. demonstrated the implementation of federated computational governance using Open Policy Agent (OPA) and policy-as-code to support a successful data mesh architecture. The company introduced the use of an Open Policy Agent (OPA) to implement computational governance in data mesh. It provides insights for those who want to implement it in their projects and allows users to make decisions by maintaining control over data. Additionally, decentralized governance architecture supports the investigation of novel data use cases, stimulating data-driven decision-making, fostering the quick prototyping of new ideas, and increasing the use of federated computational governance frameworks among organizations across the globe.

On the contrary, the complexity and challenges associated with implementing data mesh hamper the growth of Asia Pacific data mesh market.

Based on solution, the Asia Pacific data mesh market is segmented into data integration and delivery, federated data governance, data operations, data transformation and orchestration, and others. The data integration and delivery segment held 32.9% market share in 2023, amassing US$ 102.51 million. It is projected to garner US$ 401.67 million by 2031 to register 18.6% CAGR during 2023–2031.

In terms of deployment, the Asia Pacific data mesh market is bifurcated into on-premise and cloud. The cloud segment held 70.1% share of Asia Pacific data mesh market in 2023, amassing US$ 218.72 million. It is anticipated to garner US$ 822.84 million by 2031 to expand at 18.0% CAGR during 2023–2031.

By application, the Asia Pacific data mesh market is segmented into customer experience engagement, data privacy management, IOT monitoring, and others. The data privacy management segment held 39.9% market share in 2023, amassing US$ 124.57 million. It is projected to garner US$ 495.21 million by 2031 to register 18.8% CAGR during 2023–2031.

By industry vertical, the Asia Pacific data mesh market is segmented into BFSI, retail and e-commerce, IT and telecom, healthcare, government and utilities, and others. The BFSI segment held 27.0% market share in 2023, amassing US$ 84.12 million. It is projected to garner US$ 317.75 million by 2031 to register 18.1% CAGR during 2023–2031

By country, the Asia Pacific data mesh market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 26.7% share of Asia Pacific data mesh market in 2023. It was assessed at US$ 83.18 million in 2023 and is likely to hit US$ 320.42 million by 2031, registering a CAGR of 18.4% during 2023–2031.

Key players operating in the Asia Pacific data mesh market are Microsoft Corp; Alphabet Inc; Oracle Corp; International Business Machines Corp; Amazon.com Inc; QlikTech International AB; Confluent Inc; Hitachi Vantara Corp; Dremio Corp; SAP SE; Snowflake Inc; K2view Ltd; Denodo Technologies, Inc; Informatica Corp; Estuary Technologies, Inc.; Databricks Inc; Cisco Systems Inc; TIBCO Software Inc.; Autodesk Inc; and Adobe Inc, among others.

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