Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Data as a Service Market Overview
Data as a service is a cloud service influence to ensure the availability of serious data in a cost-effective and convenient manner to industries. Data as a service permits users to access specified useful data on demand, regardless of any organization’s structural and geographical barriers. The major advantages of data as a service are cost effectiveness, agility and data quality.
Market Size and Forecast
Global data as a service market is anticipated to grow at a considerable CAGR over the forecast period, i.e. 2017-2024. Further, global data as a service market is likely to grow highly as anticipated due to the increasing penetration of high speed internet network infrastructure is enabling user to access data regardless of its location. Moreover, rising advancement of web services is anticipated to positively impact the growth of the global data as a service market.
Regionally, North-America is projected to dominate the overall data as a service market during the forecast period. Factors such as, increasing digital transformation in the region is anticipated to fuel the growth of the global data as a service market. Moreover, rising demand for data recovery services is opening a gateway of opportunities for the growth of data as a service market over the forecast period.
Europe data as a service market is expected to witness substantial growth over the forecast period. Factor such as, growing data center compliance and regulatory requirements especially data privacy are envisioned to strengthen the growth of data as a service market in Europe. Moreover, Asia Pacific is poised to record fastest growth rate during the forecast period. Countries such as China, Japan and India are anticipated to exhibit faster growth rate as compared to other countries in the region. Moreover, the advancement of technology in data as a service is anticipated to fuel the growth of the Asia Pacific data as a service market.CLICK TO DOWNLOAD FREE SAMPLE
Based on deployment model, data as a service market is segmented into public cloud, private cloud, hybrid cloud. Further, private cloud is accounted for the largest market share in overall data as a service market.
Market Segmentation
Our in-depth analysis of the global data as a service market includes the following segments:
By Deployment Model
By Pricing Model
By End User
By Region
Global data as a service market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Increasing cloud based technologies and improved efficiency across the globe is anticipated to intensify the growth of the global data as a service market. In addition, increasing technical infrastructure in cloud based architecture is anticipated to positively drive the growth of the data as a service market.
Apart from this, rising growth in the data is anticipated to be the dynamic factor behind the growth of the data as a service market. Factor such as, ability to transfer data with ease is anticipated to supplement the growth of the global data as a service market.
Further, rising number of cloud based design are likely to further strengthen the growth of the data as a service market. In addition, increasing interest of enterprises to control huge amount of generated data using set of complicated database tools in order to create potential business chances is predicted to contribute significantly towards the growth of data as a service market over the forecast period.
However, lack of security and loss of data in case of a disaster are some of the key factors which are expected to limit the growth of global data as a service market in upcoming years.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global data as a service market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment.
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