Data as a Service Market Research Report by Forecast to 2023

Posted by Kiran on November 15th, 2019

Data as a Service Market Highlights:

According to Market Research Future study, the global data as a service market to expand at double-digit during the forecast period (2018-2023). The study also reveals about the key drivers that are backing the market’s growth along with segmental analysis and regional analysis, which ensures more growth possibilities of the market in the future.

The global data as a service market is anticipated to inflate at a significant pace during the forecast period owing to the fast changes in technology that is being introduced in the information and communication sector. At present, several businesses are shifting towards cloud-based services to reduce the cost of building, running, and protecting applications; thus, accelerating business agility. The demand for data as a service (DaaS) is being increased due to its cost-efficient nature and responsiveness, which is giving a considerable thrust to the market of it.

On the other hand, Cloudera has expanded its Altus Data Science platform as a service offering to the Azure cloud. Such a development will preserve the business metadata and security, and governance policies in the future so that they can be implemented across data processing and data analytics workload in the cloud. Such a factor can also drive the market with a higher growth rate during the forecast period.

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Major Key Players:

The well-known players listed in the global market of data as a service are Bloomberg Finance L.P. (U.S.), IBM Corporation (U.S.), Facebook, Inc. (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Alibaba Group Holding Limited (China), Mastercard Advisors LLC (U.S.),Fair Isaac Corporation (U.S.),, Inc. (U.S.), LinkedIn Corporation (U.S.), Oracle Corporation (U.S.), and LexisNexis Corporation (U.S.). Other players who are actively participating in the market growth are Equifax, Inc. (Canada), Dow Jones & Company, Inc. (U.S.), Verizon Communications, Inc. (U.S.),  FirstRain, Experian plc (Ireland), Acxiom Corporation (U.S.), comScore, Inc. (U.S.), Inc. (U.S.), Twitter, Inc. (U.S.), SAS Institute Inc. (U.S.), and EMC Corporation (U.S.).

Market Segmentation:

The segmental analysis of the global data as a service has been conducted based on deployment, organization size, end-user, pricing model, solution, and professional services.

  •          In terms of deployment: Public cloud, private cloud, and hybrid cloud are the segments.
  •          In terms of organization size: Small and medium enterprise and large enterprise are the segments.
  •          In terms of end-user: BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and more are the segments.
  •          In terms of pricing model: Volume-based pricing model and data type-based pricing model are the segments. Among these, the volume-based pricing model includes quantity based pricing and pay per use pricing.

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Joined: October 18th, 2019
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