DaaS Market Insights:
The Data as a Service (DaaS) market refers to an industry that provides a platform for delivering data on-demand to users over the internet DaaS Market provide businesses and individuals with access to data from various sources, which can be used for data analysis, business intelligence, and other applications. The market is being driven by factors such as the rapid adoption of cloud computing, the increasing demand for real-time data analytics, and the growing need for cost-effective data management solutions.
The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry. Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer. DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data. Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves. Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.
Market Size:
The data as a service (DaaS) market Size is projected to grow from USD 7.52 Billion in 2022 to USD 67.85 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 36.9% during the forecast period (2022 - 2030)
Key players
- IBM Corporation (U.S.)
- Fair Isaac Corporation (U.S.)
- Microsoft Corporation (U.S.)
- Alibaba Group Holding Limited (China)
- Google Inc (U.S.)
- Facebook Inc (U.S.)
- Oracle Corporation (U.S.)
- Bloomberg Finance L.P. (U.S.)
- com Inc. (U.S.)
- LinkedIn Corporation (U.S.)
- Mastercard Advisors LLC (U.S.)
- LexisNexis Corporation (U.S.)
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Market Dynamics
The factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics. In addition, the industry is also driven by the increased adoption of cloud-based services in enterprises. Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry. The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) share that could potentially impede the market growth.
Market Segmentation
The global data as a service market has been segmented into deployment, organization size, end-user, pricing model, solution, and professional services.
By deployment, the global data as a service market has been segmented into public cloud, private cloud, and hybrid cloud.
By organization size, the global data as a service market has been segmented into small and medium enterprises and large enterprises.
By the end-user, the global data as a service market has been segmented into BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and others.
By pricing model, the global data as a service market has been segmented into volume-based pricing model and data type-based pricing model. The volume-based pricing model includes quantity-based pricing and pay per use pricing.
By solution, the global data as a service market has been segmented into disaster recovery and backup solutions, test data management, data warehousing, data migration, and others.
By professional services, the global data as a service market has been segmented into implementation & deployment, support & maintenance, and consulting.
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