Dec 05, 2019 (AB Digital via COMTEX) -- Data as a Service (DaaS) Market Overview:
The need to create new opportunities is a critical advantage several companies are trying to create, which is increasing the reliance on data as a service products. Reports that test the industry for information and communication technology has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. A CAGR of 39 % approximately is anticipated to enhance the markets’ earning potential to 12 Billion by the conclusion of 2023.
The demand for real-time data analytics is an instrumental factor creating a stimulating backdrop for the market for data as a service. The daas tools are used for the provision of critical data on demand, which is only set to rise in the coming period. Furthermore, the global Data as a Service (DaaS) Market is anticipated to generate lucrative growth factors in the approaching forecast period.
Data as a Service (DaaS) Market Major Key Players:
The data as a service market is expected to motivated by the presence of companies such as IBM Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Microsoft Corporation (U.S.), Salesforce.com, Inc. (U.S.), Alibaba Group Holding Limited (China), Fair Isaac Corporation (U.S.), LinkedIn Corporation (U.S.), Facebook, Inc. (U.S.), Bloomberg Finance L.P. (U.S.), Alibaba Group Holding Limited (China), Mastercard Advisors LLC (U.S.), and LexisNexis Corporation (U.S.).
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Data as a Service (DaaS) Market Competitive Analysis:
The growth impetus of the market is expected to witness a prolific leap in the approaching years. The availability of better resources and improved accessibility to said resources is expected to create a potential for development in the coming years. The race in the market is expected to ramp up in the near future as the user base becomes proliferated with quality products. However, the push of favorable policies laid down by government bodies and trade institutions is anticipated to create an encouraging development rate.
The improvement of production resources is expected to further reflect positively on the overall growth scenario of the market. Also, increased availability of funds from investment goliaths and venture capitalists is expected to promote a favorable growth scenario in the market in the approaching period. The development of alternate resources is projected to enhance the overall product offering in the coming years.
Data as a Service (DaaS) Market Segmental Analysis:
The segmental insights of the data as a service (DaaS) market are segmented on the basis of organization size, end-user, pricing model, pricing model, deployment, solution and professional services.
On the basis of professional services, the data as a service (DaaS) market is segmented into implementation & deployment, support & maintenance, and consulting. Based on the end users, the data as a service (DaaS) market is segmented into manufacturing, BFSI, transportation, retail, media & entertainment, IT & telecom, healthcare, and others.
On the basis of the pricing models, the data as a service (DaaS) market is segmented into volume based pricing model and data type based pricing model. The volume-based pricing model includes pay per use pricing and quantity-based pricing.
On the basis of the deployments, the data as a service (DaaS) market is segmented into private cloud, public cloud, and hybrid cloud.
Based on the organization sizes, the market for data as a service (DaaS) is segmented into large enterprise and small and medium enterprises.
Based on solutions, the data as a service (DaaS) market is segmented into data migration, test data management, data warehousing, disaster recovery and backup solution, and others.
Data as a Service (DaaS) Market Detailed Regional Analysis:
The regional investigation of the data as a service market comprises of regions such as APAC, North America, Europe, and the other regions of the world. As per the examination, the North American region is estimated to control the data as a service (DaaS) market over the forecast period.
The North American region includes a noteworthy amount of unstructured data gathering owing to the digital revolution across the industrial and commercial sectors. Furthermore, the preliminary adoption of cloud-based positioning services in the North American region has made it easier for the industrial verticals to select big data analytics to re-structure business parts and policies. Also, the speedy evolution in data as a service, the Asia Pacific region, is estimated to increase at a significant pace over the forecast period. Owing to the promising employment of cloud-based services and huge opportunities across businesses in the Asia Pacific nations, there is an enhanced scope for advancement in the data as a service (DaaS) market.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition