“Data-as-a-Service Market: Industry Analysis, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” 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.
Historical Year: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
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Data-as-a-service (DaaS) represents the data management strategy that uses a cloud-based computing service to deliver data storage, integration, processing, and analytics via a network connection. It assists the organizations in risk management, forecasting event outcomes, consumer-targeted marketing, enhancing productivity, improving operational efficiency, etc. Data-as-a-service is generally operated by a team of data scientists and relies on the internet or cloud storage to provide uninterrupted data access. It minimizes the efforts required to manually process data through a platform or an analytics program. Consequently, DaaS finds extensive applications in various industries, such as retail, healthcare, media and entertainment, manufacturing, etc.
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 Market Trends and Drivers:
The growing utilization of the Internet of Things (IoT) across several sectors is primarily driving the data-as-a-service market. Additionally, the increasing prevalence of chronic diseases, the inflating popularity of modern healthcare services, and the rising focus on personalized health management are propelling the demand for DaaS to facilitate immediate action and preventive measures during an emergency, which is further catalyzing the market growth. Besides this, the widespread adoption of data-as-a-service solutions that aid organizations in reducing their upfront data storage, management, infrastructure costs, etc., is acting as another significant growth-inducing factor. Moreover, the escalating need for remote working models to maintain business continuity, on account of the sudden outbreak of the COVID-19 pandemic, is also positively influencing the global market. Apart from this, the elevating investments in R&D activities aimed at introducing services with enhanced security features are projected to fuel the data-as-a-service market in the coming years.
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Data-as-a-Service Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global Data-as-a-Service market industry with the leading players profiled in the report.
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