Data as a Service Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by End User (BFSI, IT and Telecommunications, Government, Retail, Education, Oil and Gas, and Other End Users), By Region, and By Competition 2019-2029

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description


Forecast Period

2025-2029

Market Size (2023)

USD 18.04 billion

CAGR (2024-2029)

19.47%

Fastest Growing Segment

BFSI

Largest Market

North America





Market Overview

Global Data as a Service Market was valued at USD 18.04 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 19.47% through 2029. The growing demand among businesses to leverage data for gaining a competitive edge, coupled with the challenges of managing complex and diverse data environments, has created favorable conditions for the expansion of the data-as-a-service (DaaS) market.

DaaS operates within the cloud deployment model, offering deployment options across hybrid, public, and private cloud platforms. The widespread adoption of cloud computing has further accelerated the uptake of DaaS, driven by its numerous benefits. Additionally, the scope of data utilization has expanded beyond traditional core business functions, leading to increased adoption of DaaS solutions. By breaking down data silos, enhancing agility, and facilitating seamless data manipulation, DaaS emerges as an optimal solution for addressing contemporary market needs.

Furthermore, organizations are increasingly embracing real-time data analytics and big data to extract valuable insights. Big data has become indispensable for informing strategic business decisions, necessitating greater storage capacity to accommodate data proliferation. Companies leverage big data to inform their strategic initiatives, contributing to the market's growth trajectory. Projections indicate a substantial rise in global data production, capture, copying, and consumption, with data generation expected to surpass 180 zettabytes by 2025, as reported by Seagate.

Key Market Drivers

The global Data as a Service (DaaS) market has been driven by a confluence of factors that underscore the increasing importance of data in contemporary business operations. These key market drivers have propelled the growth and adoption of DaaS solutions across various industries. Data Monetization Opportunities: One of the primary drivers of the global DaaS market is the increasing recognition of data as a valuable asset that can be monetized. Businesses are exploring avenues to leverage their data assets by offering them to external parties or by deriving actionable insights to enhance their own operations. DaaS provides a platform for organizations to capitalize on the economic value of data, fostering a new era of data-driven revenue generation.

Cloud Computing Adoption: The widespread adoption of cloud computing has significantly influenced the growth of DaaS. Cloud-based DaaS solutions offer scalable and cost-effective alternatives to traditional on-premises data management systems. Businesses are attracted to the flexibility, accessibility, and efficiency that cloud-based DaaS provides, enabling them to harness the power of data without the burden of extensive infrastructure investments. Real-time Data Insights: In today's fast-paced business environment, the need for real-time data insights has become paramount. Organizations seek to make agile and informed decisions based on the most current information. DaaS providers facilitate this demand by offering access to real-time data, empowering businesses with timely and relevant information crucial for strategic decision-making.

Globalization and Data Access: The globalization of businesses has led to an increased demand for diverse datasets from various geographical locations. DaaS solutions play a crucial role in providing organizations with seamless access to a broad spectrum of data sources, enabling them to operate on a global scale and make well-informed decisions that consider regional nuances. Advancements in Big Data Technologies: The evolution of big data technologies and analytics tools has been a driving force behind the adoption of DaaS. Businesses are leveraging DaaS to harness the potential of massive datasets, extracting valuable insights and patterns that aid in predictive analytics, business intelligence, and data-driven innovation. Regulatory Compliance and Data Security: With an increasing focus on data security and privacy, DaaS providers have responded by implementing robust security measures. Compliance with data protection regulations and the assurance of secure data handling have become critical drivers, especially as businesses navigate an environment where data breaches and privacy concerns are ever-present.

Cost-efficiency and Resource Optimization: DaaS solutions offer a cost-effective alternative to managing extensive datasets in-house. This cost-efficiency is particularly attractive for businesses, allowing them to optimize resources, reduce infrastructure costs, and allocate resources more strategically. Industry-specific Solutions: The emergence of industry-specific DaaS solutions has addressed unique challenges faced by different sectors. Tailored offerings for healthcare, finance, retail, and other industries cater to specialized data needs, driving adoption among organizations looking for targeted and industry-relevant insights. Integration with AI and ML: Integration of DaaS with Artificial Intelligence (AI) and Machine Learning (ML) technologies enhances the value proposition of DaaS solutions. Businesses can leverage advanced analytics, automate processes, and gain deeper insights by combining the capabilities of DaaS with cutting-edge technologies.

Increased Awareness and Education: As awareness of the benefits of DaaS grows, businesses are becoming more educated about how DaaS can enhance their operations. This increased awareness has contributed to a positive market sentiment, fostering a climate of openness to adopting DaaS solutions. In conclusion, the global Data as a Service market is driven by a synergy of factors, including the recognition of data as a monetizable asset, the adoption of cloud computing, the need for real-time insights, globalization trends, advancements in big data technologies, regulatory compliance, cost-efficiency, industry-specific solutions, integration with AI and ML, and a growing awareness of the advantages offered by DaaS. These drivers collectively propel the market forward, positioning DaaS as a pivotal component in the modern data ecosystem.


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Key Market Challenges

The Data as a Service (DaaS) market faced several challenges that influenced its growth and adoption. It's important to note that market conditions can change, and these challenges may have evolved. Here are some key market challenges in the global Data as a Service market Data Security and Privacy Concerns: Data security and privacy remained one of the foremost challenges in the DaaS market. As businesses increasingly relied on external sources for data, ensuring the protection of sensitive information became a paramount concern. The risk of unauthorized access, data breaches, and compliance with data protection regulations posed significant challenges for both DaaS providers and their clients.

Data Quality and Reliability: The quality and reliability of data provided by DaaS vendors were critical challenges. Inaccurate or outdated data could lead to faulty analyses and flawed decision-making. Businesses faced the task of assessing and ensuring the quality and reliability of the data they sourced through DaaS platforms. Integration Complexity: Integrating DaaS solutions into existing infrastructure and workflows proved to be a complex task for many organizations. Ensuring seamless integration with internal systems and applications, while maintaining data consistency and integrity, presented challenges that required careful planning and execution. Lack of Standardization: The absence of standardized formats and protocols for data exchange and delivery was a challenge in the DaaS market. Diverse data sources and varying data structures made it difficult for organizations to efficiently integrate and utilize data from different providers without substantial customization efforts.

Regulatory Compliance: Adhering to diverse and evolving regulatory frameworks across different regions and industries posed a challenge for DaaS providers. Navigating through compliance requirements related to data usage, storage, and sharing required continuous monitoring and adaptation to changing legal landscapes. Limited Awareness and Understanding: Despite the growing adoption of DaaS, many businesses still faced challenges related to awareness and understanding of the concept. Some organizations lacked the knowledge to effectively leverage DaaS solutions, hindering broader market penetration. Cost Management and ROI Concerns: While DaaS solutions aimed to provide cost-effective access to data, concerns about the total cost of ownership, return on investment (ROI), and subscription costs persisted. Businesses needed to carefully assess the financial implications and benefits of adopting DaaS to justify their investment. Data Governance Challenges: Establishing effective data governance practices within the DaaS framework presented challenges. Organizations needed to define and enforce policies for data usage, access, and sharing, ensuring that ethical and regulatory standards were maintained throughout the data lifecycle. Limited Customization Options: Some DaaS offerings had limitations in terms of customization to meet specific business requirements. Organizations with unique data needs or specialized use cases found it challenging to find DaaS solutions that could be tailored to their specific requirements.

Dependency on External Providers: Businesses relying heavily on external DaaS providers faced the challenge of dependency. Any disruption in service or changes in the provider's offerings could impact the organization's operations, emphasizing the need for contingency plans and risk management strategies. In conclusion, the global Data as a Service market encountered challenges related to data security, quality, integration complexity, regulatory compliance, awareness, cost management, and customization. To navigate these challenges successfully, businesses needed to prioritize robust data governance practices, invest in cybersecurity measures, and carefully evaluate the suitability of DaaS solutions for their specific needs. It is advisable to refer to more recent sources for the latest updates on the challenges faced by the DaaS market.

Key Market Trends

The Data as a Service (DaaS) market was characterized by several key trends that were shaping its growth and evolution. Keep in mind that market trends can change over time, and it's essential to verify the latest developments. Here are some of the key market trends in the global Data as a Service market  Rapid Adoption of Cloud-Based DaaS: The adoption of cloud-based DaaS solutions was a prominent trend in the market. Organizations increasingly leveraged cloud platforms to access, share, and manage data without the need for extensive on-premises infrastructure. Cloud-based DaaS offerings provided scalability, flexibility, and cost-efficiency, driving their widespread adoption across various industries.

Focus on Real-Time Data Insights: There was a growing emphasis on real-time data insights. Businesses recognized the importance of making data-driven decisions promptly. DaaS providers responded by offering solutions that provided access to real-time data, enabling organizations to gain timely and actionable insights for strategic decision-making. Integration with Advanced Technologies: DaaS solutions were integrating with advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML). This integration enhanced the capabilities of DaaS platforms, allowing businesses to extract more meaningful insights, automate processes, and improve the overall efficiency of data utilization. Industry-Specific DaaS Solutions: The market saw an emergence of industry-specific DaaS solutions tailored to the unique needs of various sectors. Whether in healthcare, finance, retail, or other industries, providers offered specialized DaaS offerings, addressing specific data challenges and compliance requirements within each sector.

Data Security and Privacy Concerns: With the increasing frequency and severity of data breaches, data security and privacy became critical concerns for organizations leveraging DaaS. Market trends reflected a heightened focus on implementing robust security measures within DaaS solutions to ensure the protection of sensitive information and compliance with data regulations.

Collaboration and Partnerships: DaaS providers engaged in strategic collaborations and partnerships to expand their market reach and enhance their service offerings. Collaborative efforts between DaaS providers and technology companies, industry leaders, and data sources helped create comprehensive and diverse datasets, offering more value to end-users. Globalization of Businesses and Data Access: As businesses expanded globally, the need for accessing diverse datasets from different geographical locations increased. DaaS facilitated this globalization trend by providing organizations with easy access to a wide range of data sources, enabling them to make informed decisions in an interconnected world.

Subscription-Based DaaS Models: Subscription-based pricing models gained popularity, allowing organizations to access DaaS solutions without significant upfront investments. This approach made DaaS more accessible to a broader range of businesses, particularly small and medium-sized enterprises (SMEs) with budget constraints.  Hybrid DaaS Solutions: Hybrid DaaS solutions, combining elements of both on-premises and cloud-based services, gained traction. This approach addressed the needs of organizations with specific security or compliance requirements that necessitated a hybrid infrastructure.

Increased Awareness and Education: Market trends reflected a growing awareness among businesses about the benefits of DaaS. Educational initiatives and awareness campaigns highlighted how DaaS could improve data management, analytics, and decision-making processes, contributing to its increased adoption across industries. In conclusion, the global Data as a Service market exhibited dynamic trends driven by the ongoing evolution of technology, the need for real-time insights, industry-specific demands, and a continuous focus on data security and privacy. For the latest and most accurate information, it's recommended to consult recent sources and industry reports.

Segmental Insights

End User Insights

BFSI segment will dominate the market in the forecast period. The asset-servicing industry is shifting from one based on service-led offerings to one based on data and technology-led services. Moreover, banks are adapting DaaS to offer reports-as-a-service or analytics-as-a-service to customers looking for business intelligence insights. The banking and financial industry is facing a critical juncture to capitalize on the opportunity created by accessing, analyzing, and acting on the data generated in real-time or risk becoming non-competitive in the market.

However, it has been observed that only big national and regional banks prioritize the need for data and analytics. Smaller banks and financial institutions are yet to get started or see significant benefits. Also, the presence of firms involved in financial analysis or stock markets is expected to primarily benefit from Data-as-a-Service, owing to the presence of products such as Bloomberg Terminal. Data-as-a-Service solutions provide solutions such as simplification of data outputs, generating coherent datasets, identification of present trends, reducing the time taken to process data, and many more, which can be utilized by banking and finance institutions to unite datasets in an easily understandable way and also ensures compatibility of data between systems.


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Regional Insights

North America asserted its dominance in 2023, capturing the largest market share in the Data-as-a-Service (DaaS) sector. Renowned for its innovation, the region stands as a frontrunner in adopting DaaS solutions, offering promising growth prospects, particularly in the energy sector where there is a significant demand for data analytics services.

Major players in North America are swiftly integrating DaaS into their product portfolios, driven by its numerous benefits, especially in managing Internet of Things (IoT) data. Unlike static data repositories, DaaS provides adaptable and scalable platforms for distributing, processing, and storing IoT data, making it a preferred choice among enterprise firms, which are five times more likely to deploy DaaS for this purpose. Additionally, enterprise data syndication presents a significant opportunity, allowing businesses to share and monetize their data effectively.

Within North America, the United States stands out as a key driver of market demand, particularly within the Banking, Financial Services, and Insurance (BFSI), IT and telecommunications, and oil and gas sectors. Furthermore, international brands operating in the region are leveraging social media-based promotion strategies, fueled by data provided by various market players.

For instance, First Rate Ventures, a leading FinTech-focused venture capital fund, made a strategic investment in RegAlytics, a provider of comprehensive regulatory alert services. RegAlytics caters to some of the world's largest financial institutions and exchanges, offering meticulously curated regulatory data sourced from over 5,000 regulators on a daily basis. This investment underscores the growing significance of data services in facilitating regulatory compliance and decision-making processes within the financial industry.

Recent Developments

  • In September 2022, Asigra Inc., a pioneer in ultra-secure backup and recovery solutions, announced the general availability of its Tigris Data Protection software featuring Content Disarm & Reconstruction (CDR). This addition of CDR functionality positions Asigra as a leading provider of security-focused backup and recovery software, enhancing its comprehensive suite of security features.
  • In June 2022, IMAT Solutions, a provider of real-time healthcare data management and population health reporting solutions, unveiled a new Data-as-a-Service (DaaS) offering tailored for health payers. This innovative DaaS solution aligns with the Centers for Medicare & Medicaid Services (CMS) initiative to transition all quality measures utilized in its reporting programs to digital quality measures (dQMs).

Key Market Players

  • Bloomberg Finance LP
  • 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.

By End User

By Region
  • BFSI
  • IT and Telecommunications
  • Government
  • Retail
  • Education
  • Oil and Gas
  • Other
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Data as a Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Data as a Service Market, By End User:

o   BFSI

o   IT and Telecommunications

o   Government

o   Retail

o   Education

o   Oil and Gas

o   Other

  • Data as a Service Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Data as a Service Market.

Available Customizations:

Global Data as a Service Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Data as a Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Data as a Service Market

5.         Voice of Customer

6.         Global Data as a Service Market Overview

7.         Global Data as a Service Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By End User (BFSI, IT and Telecommunications, Government, Retail, Education, Oil and Gas, and Other)

7.2.2.By Region

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Data as a Service Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By End-User

8.2.2.By Country

8.3.    North America: Country Analysis

8.3.1.United States Data as a Service Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.               By End-User

8.3.2.Canada Data as a Service Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.               By End-User

8.3.3.Mexico Data as a Service Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.               By End-User

9.         Europe Data as a Service Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By End-User

9.2.2.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Data as a Service Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.               By End-User

9.3.2.France Data as a Service Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.               By End-User

9.3.3.United Kingdom Data as a Service Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.               By End-User

9.3.4.Italy Data as a Service Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.               By End-User

9.3.5.Spain Data as a Service Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.               By End-User

9.3.6.Netherlands Data as a Service Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.               By End-User

9.3.7.Belgium Data as a Service Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.               By End-User

10.      South America Data as a Service Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1. By End-User

10.2.2.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Data as a Service Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.            By End-User

10.3.2.     Colombia Data as a Service Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.            By End-User

10.3.3.     Argentina Data as a Service Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.            By End-User

10.3.4.     Chile Data as a Service Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1.            By End-User

11.      Middle East & Africa Data as a Service Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1. By End-User

11.2.2.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Data as a Service Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.            By End-User

11.3.2.     UAE Data as a Service Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.            By End-User

11.3.3.     South Africa Data as a Service Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.            By End-User

11.3.4.     Turkey Data as a Service Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.            By End-User

12.      Asia Pacific Data as a Service Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1. By End-User

12.2.2.     By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Data as a Service Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1.            By End-User

12.3.2.     India Data as a Service Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1.            By End-User

12.3.3.     Japan Data as a Service Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1.            By End-User

12.3.4.     South Korea Data as a Service Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1.            By End-User

12.3.5.     Australia Data as a Service Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1.            By End-User

12.3.6.     Thailand Data as a Service Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1.            By End-User

12.3.7.     Malaysia Data as a Service Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1.            By End-User

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  Bloomberg Finance LP

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Dow Jones & Company Inc.

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Environmental Systems Research Institute

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Equifax Inc.

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  FactSet Research Systems Inc.

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  IBM Corporation

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Oracle Corporation

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  SAP SE

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

16.      Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Data as a Service Market was USD 18.04 billion in 2023.

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The BFSI segment demonstrated significant dominance in 2023

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North America dominated the market in 2023.

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Rising Adoption of Cloud Computing and Need for Real-time Data Insights are the major drivers for the Global Data as a Service Market

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Sakshi Bajaal

Business Consultant
Press Release

Data as a Service Market is expected to grow at a CAGR of 19.47%

Feb, 2024

Increasing Demand for Data Monetization and Rising Adoption of Cloud Computing are factors driving the Global Data as a Service Market in the forecast period 2025-2029.

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