Data-as-a-Service Market: 47.21% YOY growth achieved in 2021 | Driven by growing amount of data | Technavio

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NEW YORK, June 24, 2022 /PRNewswire/ — The “Data-as-a-Service Market by End-user and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Technavio expects the global data-as-a-service market to observe an incremental growth of USD 29.82 billion between 2020 and 2025. However, the growth momentum is expected to decelerate at a CAGR of 38.87% during the forecast period.

Get highlights on the growth variance and the Y-O-Y growth rate. View Our Sample Report

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The growing amount of data and increase in the adoption of big data services in industries are some of the key market drivers.

The volume of data generated across industries has significantly increased over the past decade. In 2020, people generated approximately 1.7 megabytes of data every second. By 2025, more than 200 zettabytes of data are expected to be in cloud storage across the world. The increasing volumes of data generated are creating difficulties in analyzing and managing large databases efficiently. This is creating the need for DaaS across organizations to transform unstructured and semi-structured data into structured and meaningful data, thereby ensuring security, agility, and performance of business operations. Thus, the growing amount of data generated is expected to foster the growth of the market in focus over the forecast period.

Learn about additional key drivers, trends, and challenges impacting the growth of the market. Read Our Sample Report Now

The data-as-a-service market report is segmented by end-user (BFSI, retail, telecom, and others) and geography (North America, Europe, APAC, South America, and MEA).

Based on the end-user, the demand for DaaS will be significant in the BFSI industry during the forecast period. Digital transformation coupled with the need to generate useful insights is creating a high demand for DaaS solutions in the BFSI industry. Also, the rise in financial transaction volumes is driving the growth of the segment.

By region, North America will have the largest share of the market. About 35% of the market growth will originate from the region during the forecast period. The increase in data generation across industries, such as retail, BFSI, healthcare, and public sectors is one of the key factors driving the growth of the regional market. Also, the rising volume of real-time customer data and the need to predict customer requirements are contributing to the growth of the market in North America.

North America will be the leading region with 35% of the market’s growth during the forecast period. The US is the key market for data-as-a-service in North America.

View Our Sample Report for more insights into the growth contribution of other segments and regional growth opportunities.

Some Companies Mentioned with their Offerings

    • Accenture Plc: The company offers solutions for service-based transformation models that manage the device lifecycle with solutions for consumer electronics, medical and industrial equipment, and enterprise hardware.
    • Alteryx Inc.: The company offers solutions for advanced analytics, BI and visualization, data discovery and management, location intelligence, data preparation, and technology integration.
    • Amazon Web Services Inc.: The company offers solutions for DaaS with Amazon Aurora, Amazon documentDB, Amazon DynamoDB, Amazon elasticache, Amazon keyspaces, Amazon Neptune, QLDB, Amazon RDS, Amazon redshift, Amazon timestream, and Amazon database Migration services.
    • Dow Jones and Co. Inc.: The company offers software solutions for Text and data mining, business development and sales, trading, deal opportunities, application development, competitive intelligence, investment, and portfolio intelligence.
    • International Business Machines Corp.: The company offers solutions for cloud databases with 170 products and services covering data, containers, AI, IoT, and blockchain.

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Related Reports:

Data-as-a-Service Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 38.87%

Market growth 2021-2025

USD 29.82 billion

Market structure

Fragmented

YoY growth (%)

47.21

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, Japan, UK, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Alteryx Inc., Amazon Web Services Inc., Dow Jones and Co. Inc., International Business Machines Corp., Microsoft Corp., Morningstar Inc., Oracle Corp., SAP SE, and SAS Institute Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Data processing and outsources services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 15: End-user – Market share 2020-2025 (%)
  • 5.2 Comparison by End-user
    • Exhibit 16: Comparison by End-user
  • 5.3 BFSI – Market size and forecast 2020-2025
    • Exhibit 17: BFSI – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: BFSI – Year-over-year growth 2020-2025 (%)
  • 5.4 Retail – Market size and forecast 2020-2025
    • Exhibit 19: Retail – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Retail – Year-over-year growth 2020-2025 (%)
  • 5.5 Telecom – Market size and forecast 2020-2025
    • Exhibit 21: Telecom – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 22: Telecom – Year-over-year growth 2020-2025 (%)
  • 5.6 Others – Market size and forecast 2020-2025
    • Exhibit 23: Others – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 24: Others – Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 25: Market opportunity by End-user

6 Customer landscape

  • 6.1 Overview
    • Exhibit 26: Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 27: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 28: Geographic comparison
  • 7.3 North America – Market size and forecast 2020-2025
    • Exhibit 29: North America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: North America – Year-over-year growth 2020-2025 (%)
  • 7.4 Europe – Market size and forecast 2020-2025
    • Exhibit 31: Europe – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: Europe – Year-over-year growth 2020-2025 (%)
  • 7.5 APAC – Market size and forecast 2020-2025
    • Exhibit 33: APAC – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: APAC – Year-over-year growth 2020-2025 (%)
  • 7.6 South America – Market size and forecast 2020-2025
    • Exhibit 35: South America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 36: South America – Year-over-year growth 2020-2025 (%)
  • 7.7 MEA – Market size and forecast 2020-2025
    • Exhibit 37: MEA – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 38: MEA – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 39: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 40: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 41: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 42: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 43: Landscape disruption
    • Exhibit 44: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 45: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 46: Market positioning of vendors
  • 10.3 Accenture Plc
    • Exhibit 47: Accenture Plc – Overview
    • Exhibit 48: Accenture Plc – Business segments
    • Exhibit 49: Accenture Plc – Key news
    • Exhibit 50: Accenture Plc – Key offerings
    • Exhibit 51: Accenture Plc – Segment focus
  • 10.4 Alteryx Inc.
    • Exhibit 52: Alteryx Inc. – Overview
    • Exhibit 53: Alteryx Inc. – Product and service
    • Exhibit 54: Alteryx Inc. – Key news
    • Exhibit 55: Alteryx Inc. – Key offerings
  • 10.5 Amazon Web Services Inc.
    • Exhibit 56: Amazon Web Services Inc. – Overview
    • Exhibit 57: Amazon Web Services Inc. – Product and service
    • Exhibit 58: Amazon Web Services Inc. – Key news
    • Exhibit 59: Amazon Web Services Inc. – Key offerings
  • 10.6 Dow Jones and Co. Inc.
    • Exhibit 60: Dow Jones and Co. Inc. – Overview
    • Exhibit 61: Dow Jones and Co. Inc. – Product and service
    • Exhibit 62: Dow Jones and Co. Inc. – Key news
    • Exhibit 63: Dow Jones and Co. Inc. – Key offerings
  • 10.7 International Business Machines Corp.
    • Exhibit 64: International Business Machines Corp. – Overview
    • Exhibit 65: International Business Machines Corp. – Business segments
    • Exhibit 66: International Business Machines Corp. – Key news
    • Exhibit 67: International Business Machines Corp. – Key offerings
    • Exhibit 68: International Business Machines Corp. – Segment focus
  • 10.8 Microsoft Corp.
    • Exhibit 69: Microsoft Corp. – Overview
    • Exhibit 70: Microsoft Corp. – Business segments
    • Exhibit 71: Microsoft Corp. – Key news
    • Exhibit 72: Microsoft Corp. – Key offerings
    • Exhibit 73: Microsoft Corp. – Segment focus
  • 10.9 Morningstar Inc.
    • Exhibit 74: Morningstar Inc. – Overview
    • Exhibit 75: Morningstar Inc. – Product and service
    • Exhibit 76: Morningstar Inc. – Key news
    • Exhibit 77: Morningstar Inc. – Key offerings
  • 10.10 Oracle Corp.
    • Exhibit 78: Oracle Corp. – Overview
    • Exhibit 79: Oracle Corp. – Business segments
    • Exhibit 80: Oracle Corp. – Key news
    • Exhibit 81: Oracle Corp. – Key offerings
    • Exhibit 82: Oracle Corp. – Segment focus
  • 10.11 SAP SE
    • Exhibit 83: SAP SE – Overview
    • Exhibit 84: SAP SE – Business segments
    • Exhibit 85: SAP SE – Key news
    • Exhibit 86: SAP SE – Key offerings
    • Exhibit 87: SAP SE – Segment focus
  • 10.12 SAS Institute Inc.
    • Exhibit 88: SAS Institute Inc. – Overview
    • Exhibit 89: SAS Institute Inc. – Product and service
    • Exhibit 90: SAS Institute Inc. – Key news
    • Exhibit 91: SAS Institute Inc. – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 92: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 93: Research Methodology
    • Exhibit 94: Validation techniques employed for market sizing
    • Exhibit 95: Information sources
  • 11.4 List of abbreviations
    • Exhibit 96: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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Data-as-a-Service Market: 47.21% YOY growth achieved in 2021 | Driven by growing amount of data | Technavio WeeklyReviewer

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