Data as a Service is an information provision and distribution model in which data files are made available to customers over a network. Data as a service is basically a cloud strategy used to facilitate the accessibility of business-critical data in a protected and affordable manner.
MARKET SCOPE
The "Global Data as a Service market Analysis to 2028" is a specialized and in-depth study of the Data as a Service market with a special focus on the global market trend analysis. The report aims to provide an overview of the Data as a Service market with detailed market segmentation by deployment, enterprise size, industry vertical, and geography. The global Data as a Service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Data as a Service market players and offers key trends and opportunities in the Data as a Service market.
MARKET SEGMENTATION
- The global Data as a Service market is segmented on the basis of component, deployment, and enterprise size, and industry vertical.
- On the basis of enterprise size, the market is segmented as SMEs, and large enterprise.
- On the basis of deployment, the market is segmented as on-premise, and cloud.
- On the basis of industry vertical the market is segmented into BFSI, retail, education, government, and others.
MARKET DYNAMICS
Drivers:
- The rapidly increasing appetite of businesses to gain a competitive advantage over the competition from the use of data coupled with the challenges of managing an increasingly complex and heterogeneous data landscape has created the right conditions for data-as-a-service (DaaS) market.
Restraints:
- Lack of awareness and privacy concerns are likely to hamper the global data as a service market during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Data as a Service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Data as a Service market in these regions.
IMPACT OF COVID-19 ON Data as a Service MARKET
The rapid spread of the Covid-19 pandemic has triggered a massive financial crisis and created a health crisis across the globe. The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the Data as a Service market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.
MARKET PLAYERS
The report covers key developments in the Data as a Service market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Data as a Service market are anticipated to lucrative growth opportunities in the future with the rising demand for the Data as a Service market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Data as a Service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bloomberg Finance L.P
- Dow Jones & Company, Inc.
- Environmental Systems Research Institute
- Equifax, Inc.
- FactSet Research Systems Inc.
- IBM Corporation
- Oracle Corporation
- SAP SE
- Thomson Reuters Corporation
- Morningstar, Inc.