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Data as a Service (DAAS) Market By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud); By End User (IT and Telecommunication, BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Travel and Hospitality, Media and Entertainment, Government Enterprises)- Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

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Extensive insights into the Growth of Data as a Service Market amidst COVID-19

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

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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.

data as a service market share

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

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Pricing Model

  • Volume Based Model
    • Quantity Based Pricing
    • Pay as Per Use
  • Data Type Based Model

By End User

  • IT and Telecommunication
  • BFSI
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • Manufacturing
  • Travel and Hospitality
  • Media and Entertainment
  • Government Enterprises

By Region

Global data as a service market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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

  • Microsoft Corporation
    • Company Overview
    • Key Product Offering
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Google Inc.
  • Amazon Web Services
  • HP Enterprise Services
  • IBM Corporation
  • Oracle Corporation
  • EMC Corporation
  • SAP SE
  • SAS Institute, Inc.
  • Teradata Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global data as a service market is segmented as follows:

  • By Deployment Model Market Size & Y-O-Y Growth Analysis
  • By Pricing Model Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

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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