Data-as-a-Service Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global data-as-a-service market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Data as a service (DaaS) represents a cloud service that helps organizations to manage and organize data conveniently and cost-effectively. It uses a cloud strategy to allow the user to store data on a remote disk that is accessible regardless of geographical and structural barriers of organizations. A cloud service provider manages everything from backups to periodic upgrades to ensure security. In addition to this, it assists them in focusing on consumer-targeted marketing, risk management, saving costs, etc. Consequently, Data-as-a-service is gaining extensive traction among small and medium-sized enterprises (SMEs) across the globe.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Data-as-a-Service Industry Trends and Drivers:
The inflating demand for cloud computing in various end-use industries is primarily driving the data-as-a-service market. Besides this, the widespread adoption of the platform that aids in monetizing big data and helps companies to use data-centric strategies without investing heavily in building in-house expertise is further stimulating the market growth. Moreover, the growing need for managing increasing data volumes, owing to the rising digitization levels across the banking, financial services and insurance (BFSI) sector, is also positively influencing the global market. Apart from this, several other benefits, including minimal setup time, improved functionality, greater flexibility, automated maintenance, and smaller staff requirements to simplify the process of monitoring, configuring, maintaining data, etc., are acting as significant growth-inducing factors. Furthermore, organizations are using remote working models and relying on cloud computing services to maintain business continuity, owing to the sudden outbreak of the COVID-19 pandemic, which is expected to propel the data-as-a-service market over the forecasted period.
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Global Data-as-a-Service Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape:
The report also provides insights on the competitive landscape of the global data-as-a-service with the leading players profiled in the report.
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