Data as a Service (DaaS) Market
Data as a Service (DaaS) Market Study by On Public Cloud, Private Cloud, and Hybrid Cloud Deployment from 2023 to 2033
Analysis of Data as a Service (DaaS) Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Data as a Service (DaaS) Market Outlook (2023 to 2033)
Businesses all over the world highlight DaaS as a way to use competitive intelligence to transform the business world in addition to being a unique income channel. The significance of DaaS is being driven by the rising importance of data and analytics. Companies can access external data with ease thanks to external DaaS services.
This deployment model focuses on a cloud to deliver data-related services including storage, analytics, and processing. DaaS makes advantage of the well-known software-as-a-service (SaaS) paradigm, which enables users to use cloud-based software programs provided over a network as opposed to establishing dedicated hardware servers for a particular set of actions on a particular set of data.
Data as a Service is one of the most significant members of the "as a Service" (aaS) family. Due to the fact that data accessibility is a crucial component of an enterprise's operations, as data is becoming more and more important. The amount of data generated is expanding quickly as a result of increased digitization at the organizational level, and this data is also challenging to handle due to its heterogeneity.
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What are the drivers of demand in this industry?
Growth in Consumer data analytics is driving demand for DaaS.
Now businesses are keenly invested in learning consumer demands and gathering insights of consumer behavior through cross channels for knowing more about them. Due to the availability of features like data management, message delivery to the appropriate person at the appropriate time, data analysis, and others, businesses are demanding more and more Data as a Service.
On the other hand, the main obstacles to the expansion of the market throughout the anticipated time would be data security and privacy concerns.
Improved Data Quality, Agility, and Financial Flexibility are benefits driving demand for DaaS
Through the data service, users can access data. Since the data service is the sole source of updates, it is simpler to track changes to the data, which can enhance the quality of the data. As DaaS improves speedy access to required data users can take quick actions.
Agility is a significant benefit of DaaS which tends to decline time to market. Moreover, opting for DaaS allows companies to trade-off between operating expenses and investments. Companies can use these services and need not invest in buying systems and additional personnel to manage. Additionally, DaaS helps in saving maintenance costs.
Trends in the Industry
Data as a service company offer a deployment methodology known as cloud deployment. DaaS adoption in the cloud nowadays is seen as a key trend. Since this tendency leads to data supply dependent on end-user demand, the cloud model has shown to be the most effective strategy for providing these services.
Rise in cloud deployment to increase demand
Over the projection period, cloud deployment is anticipated to contribute to a significant rise. Potential market opportunities are being created by this development in the market for providers.
Automated Insights are serving everything for everybody
The processes previously invisible are now can be optimized further. Automated processes will reduce human processes and every aspect of an organization is likely to be transformed with the adoption of data-driven organization architecture.
DaaS to help in Effective Benchmarking
When a business wants to assess how well the company is performing in comparison to its competitors, data as a service is a helpful tool. Organizations can use DaaS to gain access to global data and produce benchmarking reports that may contain information on leadership effectiveness, turnover, and financial success.
DaaS to remain a mainstay for Business Intelligence
Businesses can provide their data to internal users as a service, facilitating business intelligence. Data virtualization, standardization of data across sources, and analytical automation are all streamlined by DaaS. Data scientists have real-time access to data, allowing them to dynamically modify and integrate data as needed, and evaluate it for decision-making.
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Key market Players
The leading vendors operating in the industry are focusing on innovation to sustain increasing market competition. They are also focusing on the delivery of outstanding services to the end users. Following are some top players in the market-
- Oracle Corporation
- Microsoft Corporation
- Amazon.com Inc.
- Actifio
- IBM (International Business Machines Corporation)
- SAP SE
- Teradata Corporation
Regional Outlook
Due to the region's quick adoption of DaaS by businesses from various industry verticals, North America currently accounts for a sizeable portion of the market in terms of income generated from the selling. Businesses in European nations are embracing DaaS to increase collaboration inside their operations and withstand the global marketplace's escalating rivalry.
For cost-cutting purposes, businesses are establishing effective data management and data analysis processes for the sales and marketing teams. Due to the rising industrialization in developing nations like China, India, and others in this area that is leading to the use of Data as a Service, the SEA and Other APAC regions are anticipated to grow at a high CAGR over the projection period. Due to the sluggish adoption, MEA is anticipated to develop at a moderate CAGR.
Know thy Competitors
Competitive landscape highlights only certain players
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Segmentation
-
By Deployment :
- On Public Cloud
- Private Cloud
- Hybrid Cloud
-
By Enterprise size :
- Small
- Medium
- Large
-
By Industry :
- BFSI
- Government
- IT and Telecommunication
- Manufacturing
- Retail
- Others
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Deployment 6.2. Enterprise Size 6.3. Industry 7. Global Market Analysis and Forecast, By Deployment 7.1. On Public Cloud 7.2. Private Cloud 7.3. Hybrid Cloud 8. Global Market Analysis and Forecast, By Enterprise Size 8.1. Small 8.2. Medium 8.3. Large 9. Global Market Analysis and Forecast, By Industry 9.1. BFSI 9.2. Government 9.3. IT and Telecommunication 9.4. Manufacturing 9.5. Retail 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia Pacific 10.6. East Asia 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Deployment, Enterprise Size, and Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Oracle Corporation 20.2. Microsoft Corporation 20.3. Google 20.4. Amazon.com Inc. 20.5. Actifio 20.6. IBM (International Business Machines Corporation) 20.7. SAP SE 20.8. Teradata Corporation
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Deployment
Table 03: Global Market US$ Mn Forecast by Enterprise Size
Table 04: Global Market US$ Mn Forecast by Industry
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Deployment
Table 07: North America Market US$ Mn Forecast by Enterprise Size
Table 08: North America Market US$ Mn Forecast by Industry
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Deployment
Table 11: Latin America Market US$ Mn Forecast by Enterprise Size
Table 12: Latin America Market US$ Mn Forecast by Industry
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Deployment
Table 15: Western Europe Market US$ Mn Forecast by Enterprise Size
Table 16: Western Europe Market US$ Mn Forecast by Industry
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Deployment
Table 19: Eastern Europe Market US$ Mn Forecast by Enterprise Size
Table 20: Eastern Europe Market US$ Mn Forecast by Industry
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Deployment
Table 23: Asia Pacific Market US$ Mn Forecast by Enterprise Size
Table 24: Asia Pacific Market US$ Mn Forecast by Industry
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Deployment
Table 27: East Asia Market US$ Mn Forecast by Enterprise Size
Table 28: East Asia Market US$ Mn Forecast by Industry
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Deployment
Table 31: MEA Market US$ Mn Forecast by Enterprise Size
Table 32: MEA Market US$ Mn Forecast by Industry
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Deployment
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Enterprise Size
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which region is likely to show lucrative growth in the forecast period 2023-2033?
Countries in the APAC region are likely to hold a major market share in the upcoming time.
What are the key drivers of demand in this industry?
The rise in consumer data analysis and data-driven decisions favor growth for DaaS.
How DaaS helps in effective business benchmarking?
It allows businesses to maximize operational efficiency and increases the scalability of their data.
What are segments covered under this market research?
The market is divided on the basis of deployment, enterprise size, application and regions.
Data as a Service (DaaS) Market