Structured Data Management Software Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is estimated to hold largest revenue share by 2035. The market growth in the region expected on the account of increasing spending by BFSI, manufacturing and other end users for improving business processes by implementing digital technologies in the region. For instance, in India, the BFSI industry spent 57 percent of their expenditure on digital services in 2020.
North American Market Insights
The North American structured data management software market, amongst the market in all the other regions, is projected to hold the significant market share by the end of 2035. The growth of the market can be attributed majorly to the increasing use of cloud storage and centralized data storage. Around 50% of business indicated that centralized data storage is beneficial for this business. Moreover, the most crucial data is kept in the cloud by 48% of businesses in the United States. Furthermore, higher use of the Internet of Things (IoT) in healthcare, banking, government, and other sectors is also expected to boost the market growth in the region.
