Data as a Service Market Highlights:
According to Market Research Future study, the global data as a service market to expand at double-digit during the forecast period (2018-2023). The study also reveals about the key drivers that are backing the market’s growth along with segmental analysis and regional analysis, which ensures more growth possibilities of the market in the future.
The global data as a service market is anticipated to inflate at a significant pace during the forecast period owing to the fast changes in technology that is being introduced in the information and communication sector. At present, several businesses are shifting towards cloud-based services to reduce the cost of building, running, and protecting applications; thus, accelerating business agility. The demand for data as a service (DaaS) is being increased due to its cost-efficient nature and responsiveness, which is giving a considerable thrust to the market of it.
The other factors responsible for driving the market are rising the adoption of big data analytics across different industry verticals along with increasing demand for real-time data analytics are also driving the market growth. Apart from this, the market is also motivated by augmented acceptance of cloud-based services in businesses. The trending initiatives such as Bring Your Own Device (BYOD) and business mobility are other significant possibilities in Data as a Service Market.
On the other hand, Cloudera has expanded its Altus Data Science platform as a service offering to the Azure cloud. Such a development will preserve the business metadata and security, and governance policies in the future so that they can be implemented across data processing and data analytics workload in the cloud. Such a factor can also drive the market with a higher growth rate during the forecast period.
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Major Key Players:
The well-known players listed in the global market of data as a service are Bloomberg Finance L.P. (U.S.), IBM Corporation (U.S.), Facebook, Inc. (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Alibaba Group Holding Limited (China), Mastercard Advisors LLC (U.S.),Fair Isaac Corporation (U.S.), Salesforce.com, Inc. (U.S.), LinkedIn Corporation (U.S.), Oracle Corporation (U.S.), and LexisNexis Corporation (U.S.). Other players who are actively participating in the market growth are Equifax, Inc. (Canada), Dow Jones & Company, Inc. (U.S.), Verizon Communications, Inc. (U.S.), FirstRain, Experian plc (Ireland), Acxiom Corporation (U.S.), comScore, Inc. (U.S.), Inc. (U.S.), Twitter, Inc. (U.S.), SAS Institute Inc. (U.S.), and EMC Corporation (U.S.).
Market Segmentation:
The segmental analysis of the global data as a service has been conducted based on deployment, organization size, end-user, pricing model, solution, and professional services.
- In terms of deployment: Public cloud, private cloud, and hybrid cloud are the segments.
- In terms of organization size: Small and medium enterprise and large enterprise are the segments.
- In terms of end-user: BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and more are the segments.
- In terms of pricing model: Volume-based pricing model and data type-based pricing model are the segments. Among these, the volume-based pricing model includes quantity based pricing and pay per use pricing.
- In terms of the solution: Disaster recovery and backup solution, test data management, data warehousing, data migration, and more ate the segments.
- In terms of professional services: Implementation & deployment, support & maintenance, and consulting are the segments.
Regional Outlook:
Regionally, the global market for data as a service has been categorized as Asia Pacific, North America, Europe, and the Rest Of the World.
Among these, North America can lead the data as a service (DaaS) market during its growth period. The region, therefore, features a significant amount of unstructured data gathering owing to digital revolution across the commercial and industrial sector. Besides, the early adoption of cloud-based deployment services in North America has made the region more manageable for the industrial verticals to adopt big data analytics to re-structure business functions and strategies in a very significant way, which surges the market considerably.
On the other side, the rapid advancement in data as a service mainly in the Asia Pacific region is also likely to grow at a significant pace during the forecast period. It is due to the rising adoption of cloud-based services and enormous opportunities across businesses in the Asia Pacific countries; there is enhanced scope for advancement in the data as a service (DaaS) market.
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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