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Data as a Service Market, Deployment (Public, Private, Hybrid), Organization Size (SME, LE), End User (BFSI, Healthcare, Retail, IT & Telecom), Pricing Model (Volume-Based Model, Data Type-Based Model), Solution, Professional Services — Forecast till 2027Market HighlightsAccording to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period).
The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer.
DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves.
Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.Market DynamicsThe factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics.
Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry.
The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud.
DaaS (Desktop as a Service) has emerged as a viable and comprehensive solution for enterprises.DaaS deployment and management, typically, is a specialized task requiring a complex set of skills and resources.
OverviewDevice as a Service (DaaS) Market size can touch a value of USD 190,163.86 Million by 2027, according to the latest report by Market Research Future (MRFR).
It stood at USD 9,843.8 million in 2019.
The market is anticipated to expand at 11% CAGR over the forecast period.
The global device as a service (DaaS) market is expected to witness substantial growth during the forecast period, primarily due to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) among enterprises and the adoption of contract-based services and solutions by SMEs.Device as a Service (DaaS) Market Regional AnalysisThe geographic analysis of the device as a service (DaaS) market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4486North America accounted for the largest market share of 45.5% in 2019, with a market value of USD 4,378.8 million; the market is expected to register a CAGR of 52.3% during the forecast period.
Asia-Pacific was the second-largest market in 2019, valued at USD 2,408.6 million; the market is projected to exhibit a CAGR of 59.2%.Device as a Service (DaaS) Market Competitive AnalysisThe key players of the global device as a service (DaaS) market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).Device as a Service (DaaS) Market Segmental AnalysisThe global device as a service (DaaS) market has been segmented based on component, organization size, vertical, and region.Check Discount @ https://www.marketresearchfuture.com/check-discount/4486By component, the global market has been segmented into hardware, solution (software), and services.
The services segment is further bifurcated into professional services and managed services.By organization size, the global market for DaaS is segmented into large enterprises and small and medium enterprises.Based on vertical, the global device as a service (DaaS) market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others.
OverviewThe device as a service (DaaS) market is anticipated to grow by US$190,163.8 Million by 2026 rapidly growing at a CAGR of 55.8% during the forecast period.
The global device as a service (DaaS) market is driven by rapid adoption of subscription-based services and reduction in help desk volume.
These factors have helped shape the device as a service (DaaS) market and are expected to boost the growth.
Companies in the Device as a Service Market could also face challenges such as low investments in developing IoT solutions and lack of a solid cloud infrastructure.
device as a service (DaaS) market analysts have also shared growth projections in the report and have suggested device as a service (DaaS) market players to plan growth strategies accordingly.Market SegmentationThe global device as a service (DaaS) market has been segmented based on organization size, component, and vertical.
The performance of device as a service (DaaS) market has also been studied for the past and current years.
The global database-as-a-service (DaaS) market is anticipated to attain a CAGR of ~18% over the forecast period, i.e., 2022 – 2030.
The market is segmented on the basis of end-user into BFSI, healthcare and others, out of which, BFSI segment is anticipated to hold largest market size over the forecast period owing to the involvement of large volume of big data in this sector, along with requirement of safe database.The global database-as-a-service (DaaS) market is projected to grow on the basis of increasing adoption of cloud computing technology amongst the various end-user industries.
Increasing use of smartphones and internet are also crucial factors estimated to boost the market growth.On the basis of geographical analysis, the global database-as-a-service (DaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in the North America region is estimated to gain largest market share during the forecast period owing to the high adoption of cloud computing and other advanced technologies amongst the technologically equipped population in United States and Canada.The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc.
have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.Involvement of Big Numbers in the Operation of Various Sectors to Boost the Market GrowthWith the presence of large volume of data, the demand for efficient management of data is increasing like never before, especially after the work from home situation caused by COVID-19.