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.
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Key Market Dynamics:
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.
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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.
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Data-as-a-Service Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 38.87%
Market growth 2021-2025
USD 29.82 billion
YoY growth (%)
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
Leading companies, competitive strategies, consumer engagement scope
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.
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.
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Table of Contents:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 BFSI - Market size and forecast 2020-2025
5.4 Retail - Market size and forecast 2020-2025
5.5 Telecom - Market size and forecast 2020-2025
5.6 Others - Market size and forecast 2020-2025
5.7 Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2020-2025
7.4 Europe - Market size and forecast 2020-2025
7.5 APAC - Market size and forecast 2020-2025
7.6 South America - Market size and forecast 2020-2025
7.7 MEA - Market size and forecast 2020-2025
7.8 Key leading countries
7.9 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Market trends
9 Vendor Landscape
9.2 Landscape disruption
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Accenture Plc
10.4 Alteryx Inc.
10.5 Amazon Web Services Inc.
10.6 Dow Jones and Co. Inc.
10.7 International Business Machines Corp.
10.8 Microsoft Corp.
10.9 Morningstar Inc.
10.10 Oracle Corp.
10.11 SAP SE
10.12 SAS Institute Inc.
11.1 Scope of the report
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
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