Global Data as a Service (DaaS) Market, By Development (Public Cloud, Private Cloud and Hybrid Cloud), Organisation Size (SMEs and Large Enterprises), End Users (BFSI, Healthcare, Retail, IT and Telecom, Government and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Data as a Service (DaaS) Market
The data as a service (DaaS) market is expected to witness market growth at a rate of 6.00% in the forecast period of 2021 to 2028 and is expected to reach USD 204,421.2 million by 2028. Data Bridge Market Research report on data as a service (DaaS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the use of data analytics is escalating the growth of data as a service (DaaS) market.
Data as a service (DaaS) is referred to as when two or more companies buy, sell or trade machine-readable data in exchange for something of value. Data as a service can be organised either on private, public, and hybrid cloud platforms. Advantages related to the cloud computing are leading to growing need for cloud computing.
Major factors that are expected to boost the growth of the data as a service (DaaS) market in the forecast period are the rise in the consumption of data across a diversity of processes and systems to improve valuable insights in an enterprise. Furthermore, the increase in the acceptance of the data as a service model in auditing and accounting and the increasing digitalization around the world is further anticipated to propel the growth of the data as a service (DaaS) market. Moreover, the rising of the digital businesses is further estimated to cushion the growth of the data as a service (DaaS) market. On the other hand, the data security breaches, and server downtime from the data service provider is further projected to impede the growth of the data as a service (DaaS) market in the timeline period.
- In addition, the increase in the consumption of external data and rising digital businesses will further provide potential opportunities for the growth of the data as a service (DaaS) market in the coming years. However, the dearth of technical expertise might further challenge the growth of the data as a service (DaaS) market in the near future.
This data as a service (DaaS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the data as a service (DaaS) market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Data as a Service (DaaS) Market Scope and Market Size
The data as a service (DaaS) market is segmented on the basis of development, organisation size and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of development, the data as a service (DaaS) market has been segmented into public cloud, private cloud and hybrid cloud.
- On the basis of organisation size, the data as a service (DaaS) market has been segmented into SMEs and large enterprises.
- On the basis of end users, the data as a service (DaaS) market has been segmented into BFSI, healthcare, retail, IT and telecom, government and others.
Data as a Service (DaaS) Market Country Level Analysis
The data as a service (DaaS) market is analyzed, and market size, volume information is provided by country, development, organisation size and end users as referenced above.
The countries covered in the data as a service (DaaS) market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the data as a service (DaaS) market due to the occurrence of advanced countries. Furthermore, the increase in the utilization of DaaS devices, and shift toward cloud-based workspace virtualization from traditional desktops will further boost the growth of the data as a service (DaaS) market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the data as a service (DaaS) market due to the direct correlation with the development of end-user industries. Moreover, the combination of social media-based promotion strategies by using data is further anticipated to propel the growth of the data as a service (DaaS) market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Data as a Service (DaaS) Market Share Analysis
The data as a service (DaaS) market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the data as a service (DaaS) market.
The major players covered in the data as a service (DaaS) market report are Microsoft Corporation, Google LLC., Amazon Web Services, Inc., IBM, Oracle, Dell EMC, SAP, Teradata., SAS Institute, Inc., Hewlett Packard Enterprise Development LP, MapR Technologies, Inc., Thomson Reuters, Morningstar, Inc., Equifax Inc., Moody's Investors Service, MasterCard Advisors LLC, Bloomberg Finance L.P. and Dow Jones & Company, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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