Data as a Service Market 2016 to 2027 – Market Share, Growth, Industry Segments, Competitor Landscape, Key Players, Trends and Forecasts
Data as a Service Market Highlights:
Data as a service (DaaS)
relies on the cloud to ensure data storage, data integration, data processing,
and delivery of applications over a network. The accumulation of large volumes
of data and the preference of cloud for storage of information has brought the
service to the forefront. The global data as a service (DaaS) market report by
Market Research Future (MRFR) contains an overview of the industry, its
benefits in various industries, and its prospects for the period of 2018 to
2023 (forecast period). The impact of the virus on the market has been
explored.
The Data as a
Service Market is expected to grow at a CAGR of 39% and reach
a size of USD 12 billion by the end of 2023.
The shift to cloud for
building applications and scaling them at low costs is one of the primary
drivers of the market. DaaS provides information to customers irrespective of
geographical location or separation of provider and consumer. Companies have
managed to maintain the integrity of their data and improve agility of
workloads owing to dependence on analytics and management and storage of
pertinent data.
Adoption of big data analytics
and cloud services in enterprises for storage and maintenance of data can bode
well for the market. Initiatives of Bring Your Own Devices (BYOD) and
enterprise mobility can drive the market forward. The decision of enterprises
of providing users control over their data on a cloud can reduce data access
times and enhance data processing. The market faces challenges from
cybersecurity issues and a paucity of skilled personnel for maintaining huge
data volumes.
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Competition Outlook:
IBM Corporation, Oracle
Corporation, Mastercard Advisors LLC, Microsoft Corporation, Fair Isaac
Corporation, LexisNexis Corporation, Google Inc., LinkedIn Corporation,
Salesforce.com, Inc., Facebook, Inc., Bloomberg Finance L.P., and Alibaba Group
Holding Limited are major providers in the global DaaS market.
Segmentation:
·
By deployment, the market is segmented into
public cloud, private cloud, and hybrid cloud.
·
By organization size, the market is segmented
into small and medium enterprise and large enterprise.
·
By end user, the market is segmented into IT
& telecom, BFSI, retail, manufacturing, media & entertainment,
transportation, healthcare, and others.
·
By pricing model, the market is divided into
volume-based pricing model and data type-based pricing model. Volume-based
pricing model includes quantity based pricing and pay per use pricing.
·
By solution, the market is segmented into data
migration, data warehousing, disaster recovery and backup solution, test data
management, and others.
·
By professional services, the market is
segmented into consulting, implementation & deployment, and support &
maintenance.
Regional Analysis:
The geographical analysis of
data as a service market is studied for North America, Europe, Asia Pacific
(APAC), and Rest-of-the-World (RoW).
North America is expected to
dominate the data as a service (DaaS) market during the forecast period. It
features a significant amount of unstructured data gathering due to digital
revolution across the commercial and industrial sectors. Moreover, the early
adoption of cloud-based deployment services in North America has made it easier
for the industrial verticals to opt big data analytics to re-structure business
functions and strategies. This is evident with Streetlight Data raising funds
to the tune of USD 15 million for using big data acquired through smartphones.
The data is used in adhering to latest social distancing measures during the
COVID-19 pandemic and the safety of passengers commuting through buses and
other forms of public transport.
APAC is expected to grow at a
significant pace during the forecast period. Due to increasing adoption of
cloud-based services and data-centric strategies adopted by businesses in the
Asia countries, the global data as a service (DaaS) market has ample scope in
expanding. Initiatives of incentives for startups and commencement of
digitization can bode well for the market in the coming years.
Table of
Contents
1 Executive Summary
2 Scope of the Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research
Objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued…
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List of
Tables
Table1 World Population by Major Regions (2018 To
2023)
Table2 Global Data as a Service Market: By Country,
2018-2023
Table3 North America Data as a Service Market: By
Country, 2018-2023
Continued…
List of
Figures
Figure 1 Global Data as a Service Market
Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global
Data as a Service Market
Continued…
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