New York, December 6, 2022 /PRNewswire/ — According to Technavio, Global data-as-a-service market size is USD 56.85 a billion From 2022 to 2027. The market is estimated to grow at a CAGR of 36.92% during the forecast period. However, growth momentum will accelerate. North America will hold the largest share in the global market in 2022 and the market in this region is estimated to witness an incremental growth of 35%.
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Global data-as-a-service marketplace – 5 forces
The global data-as-a-service market is segmented and the five forces analysis covers:
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Global data-as-a-service market – parent market analysis
Technavio is a global data-as-a-service marketplace IT service market, It is intended for companies that provide IT consulting and systems integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and internet services.
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Global data market as a service – customer landscape
This report includes the adoption lifecycle of the market from innovator stage to laggard stage. Based on the penetration rate, we focus on the adoption rate in different regions. In addition, the report also includes key purchasing criteria and price sensitivity factors to help companies evaluate and develop growth strategies.
Global data-as-a-service market – Segmentation evaluation
Segment overview
Technavio has segmented the market based on end user, deployment, and region.
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The BFSI segment will grow at the highest rate during the forecast period. Using customer analytics applications helps BFSI companies analyze customer data to drive better customer targeting, enhance risk assessment and decision-making, and improve productivity. AI innovations and integrations enable financial institutions to unlock customer loyalty and deliver smarter, more connected experiences across customer touchpoints. Such factors drive the market growth during the forecast period.
geography overview
Global data market as a service, by region is split into North America, Europe,Asia Pacific, South Americaand the middle east When Africa. The report offers actionable insights and estimates the contribution of every region to the growth of the global data as a service market.
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North America 35% The market in this region is estimated to grow at the fastest pace during the forecast period.the market of North America Driven by increasing data generation across industries such as retail, BFSI, healthcare, and public sector. This is primarily due to increased digital transformation, including digitization of workspaces, access via mobile apps and websites, online commerce, online buying and selling, and desktop virtualization. Organizations in the region are investing heavily in modern digital technologies such as big data analytics, mobility, cloud, and social media to gain a competitive edge in the market.
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Global data-as-a-service market – Market dynamics
Key Factors Driving Market Growth
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One of the main factors driving the Data-as-a-Service market is the increasing amount of data. In 2020, the world will generate more than 1.7 megabytes (MB) of data every second. It is estimated that by 2025 more than 200 zettabytes of data will be stored in cloud storage worldwide. Additionally, the increasing amount of data being generated by his organization through various channels and sources has compelled him to use DaaS to save costs. Additionally, various DaaS-related technologies have helped organizations transform unstructured and semi-structured data into structured and meaningful data.
Recent trends impacting the market
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Data as a service in blockchain technology is another factor supporting market growth during the forecast period. Blockchain-as-a-Service (BaaS) technology helps companies build scalable blockchain applications. BaaS is decentralized. Controls can therefore be shared with appropriate permissions. Additionally, DaaS provides enterprises with the necessary application programming interfaces (APIs) to enable them to build their own blockchain applications. Additionally, Blockchain-as-a-Service can help identify cases such as fraud, hacking, and unauthorized data access. This technology overhauls and improves security, highlighting where actions need to be taken before and after a hack.
Key challenges hindering market growth
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Adhering to diverse client requirements will be a major challenge for the data as a service market during the forecast period. Some industries lack policies and frameworks for storing large amounts of data, making effective use of DaaS solutions difficult. As a result, the quality of service suffers, thus affecting the market penetration of DaaS providers. Additionally, time and money can be lost if you do not understand your customer’s requirements. Therefore, it is difficult for the vendor to calculate and track her ROI without a forward-looking policy. This may hinder the added value from his providers of services that challenge the development of the DaaS market.
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What are the key data covered in this Data as a Service Market report?
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CAGR of the market during the forecast period
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Detailed information on the factors driving the growth of the data as a service market from 2023 to 2027
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Accurate estimation of data-as-a-service market size and contribution to the parent market
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Accurate prediction of upcoming trends and changes in consumer behavior
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Data Markets as a Service industry growth across APAC, North America, Europe, middle east When AfricaWhen South America
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In-depth analysis of market competitive landscape and vendor details
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Comprehensive Analysis of Factors Challenging Data-as-a-Service Market Vendor Growth
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Data market as a service range |
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report coverage |
detail |
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page number |
179 |
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base year |
2022 |
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historical period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth Momentum and CAGR |
Accelerate at a CAGR of 36.92% |
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Market growth 2023-2027 |
US$56.85 billion |
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market structure |
fragmented |
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YoY growth rate (%) |
28.64 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Execution of market contribution |
North America 35% |
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major countries |
USA, China, India, Germany, UK |
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competitive environment |
Major companies, vendor market positioning, competitive strategies, industry risks |
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Major vendors, vendor market positioning |
3 Step IT Group Oy, Accenture Plc, Bloomberg LP, CHG-MERIDIAN AG, Cisco Systems Inc., CompuCom Systems Inc., Computacenter plc, CSI Leasing, Inc., Dell Technologies Inc., Dow Jones & Co. Inc., Econocom Group SE, Foxway, GreenFlex, Hewlett Packard Enterprise Co., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Telia Co. AB, Wipro Ltd. |
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market dynamics |
Parent Market Analysis; Drivers and Impediments to Market Growth; Fast and Slow Growth Segment Analysis for the Forecast Period |
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Customization range |
If the data you’re looking for isn’t in the report, contact an analyst to customize the segment. |
table of contents:
1.executive summary
2 Market Outlook
3 Market size
4 Historical market size
5 Five Forces Analysis
6 Market Segmentation by End User
7 Market Segmentation by Deployment
8 Customer Situation
9 Geographical landscape
10 drivers, challenges and trends
11 Vendor Landscape
12 vendor analysis
13 Appendix
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Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends, with actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. provide. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and to navigate within changing market scenarios. Evaluate competitiveness.
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Technavio Research
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Email: media@technavio.com
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