TechNavio: Data-as-a-Service Market to grow at a CAGR of 36.92% from 2022 to 2027 | 3 Step IT Group Oy, Accenture Plc, Bloomberg L.P, and more to emerge as key players-Technavio

NEW YORK, July 13, 2023 /PRNewswire/ - The data-as-a-service market size is estimated to grow by USD 56.85 billion from 2022 to 2027. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 3 Step IT Group Oy, Accenture Plc, Bloomberg L.P, CHG-MERIDIAN AG, Cisco Systems Inc., CompuCom Systems Inc., Computacenter plc, CSI Leasing, Inc., Dell Technologies Inc., Dow Jones and Co. Inc., Econocom Group SE, Foxway, GreenFlex, Hewlett Packard Enterprise Co., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Telia Co. AB, and Wipro Ltd. The market is estimated to progress at a CAGR of 36.92% according to Technavio. Download a Sample Report Now! Data-as-a-Service Market Insights - Vendors: 15+, Including 3 Step IT Group Oy, Accenture Plc, Bloomberg L.P, CHG-MERIDIAN AG, Cisco Systems Inc., CompuCom Systems Inc., Computacenter plc, CSI Leasing, Inc., Dell Technologies Inc., Dow Jones and Co. Inc., Econocom Group SE, Foxway, GreenFlex, Hewlett Packard Enterprise Co., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Telia Co. AB, and Wipro Ltd., among othersCoverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendorsSegments: End-user (BFSI, Retail, Telecom, and Others), Deployment (Cloud and On-premises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)To understand more about Data-as-a-Service (DaaS) Market, request a sample report Major Drivers - The growing amount of data drives the growth of the data-as-a-service market during the forecast period. More than 1.7 megabytes (MB) of data was generated around the world in 2020. Also, according to estimates, more than 200 zettabytes of data will be stored in cloud storage around the world by 2025. Additionally, enterprise applications generate large amounts of data, which will continue to be the case throughout the forecast period and beyond. Moreover, organizations are having difficulty analyzing and managing large databases due to the increasing volume, variety, veracity, and velocity of data, which is referred to as the 4Vs. Hence, such factors boost the market growth during the forecast period. Significant Trends - The use of Data-as-a-Service in blockchain is an emerging trend in the data-as-a-service market during the forecast period. Key challenges - Adhering to diverse client requirements challenges the growth of the data-as-a-service market during the forecast period. Find more insights in a sample report! The data-as-a-service market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects. Why Buy? Add credibility to strategyAnalyzes competitor's offerings Get a holistic view of the marketGrow your profit margin with Technavio- Buy the Report What are the key data covered in this data-as- a-service market report? CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the data-as-a-service market between 2023 and 2027Precise estimation of the size of the data-as-a-service market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the data-as-a-service market across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market's competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of data-as-a-service market vendorsGain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The Artificial intelligence-as-a-Service (AIaaS) market is estimated to grow at a CAGR of 40.17% between 2022 and 2027. The size of the market is forecast to increase by USD 28,773.14 million. This report extensively covers market segmentation by end-user (retail and healthcare, BFSI, telecommunication, government and defense, and others), type (software and services), and geography (North America, APAC, Europe, Middle East and Africa, and South America). Robust adoption of cloud-based solutions is notably driving the market growth. The biometrics-as-a-service (BaaS) market is estimated to grow at a CAGR of 15.93% between 2022 and 2027. The size of the market is forecast to increase by USD 2,353.46 million. This report extensively covers market segmentation by application (site access control, time recording, mobile application, and web and workplace), modality (unimodal and multimodal), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The increasing need for surveillance and security is notably driving the market growth. Data-as- a-service market Scope Report Coverage Details Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 36.92% Market growth 2023-2027 USD 56.85 billion Market structure Fragmented YoY growth 2022-2023 (%) 28.64 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 35% Key countries US, China, India, Germany, and UK Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled 3 Step IT Group Oy, Accenture Plc, Bloomberg L.P, CHG-MERIDIAN AG, Cisco Systems Inc., CompuCom Systems Inc., Computacenter plc, CSI Leasing, Inc., Dell Technologies Inc., Dow Jones and Co. Inc., Econocom Group SE, Foxway, GreenFlex, Hewlett Packard Enterprise Co., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., Telia Co. AB, and Wipro Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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 1.1 Market overviewExhibit 01: Executive Summary - Chart on Market OverviewExhibit 02: Executive Summary - Data Table on Market OverviewExhibit 03: Executive Summary - Chart on Global Market CharacteristicsExhibit 04: Executive Summary - Chart on Market by GeographyExhibit 05: Executive Summary - Chart on Market Segmentation by End-userExhibit 06: Executive Summary - Chart on Market Segmentation by DeploymentExhibit 07: Executive Summary - Chart on Incremental GrowthExhibit 08: Executive Summary - Data Table on Incremental GrowthExhibit 09: Executive Summary - Chart on Vendor Market Positioning2 Market Landscape 2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing 3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size 4.1 Global data-as-a-service market 2017 - 2021 Exhibit 18: Historic Market Size - Data Table on Global data-as-a-service market 2017 - 2021 ($ billion)4.2 End-user Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)4.3 Deployment Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size - Deployment Segment 2017 - 2021 ($ billion)4.4 Deployement Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size - Deployement Segment 2017 - 2021 ($ billion)4.5 Geography Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)4.6 Country Segment Analysis 2017 - 2021 Exhibit 23: Historic Market Size - Country Segment 2017 - 2021 ($ billion)5 Five Forces Analysis 5.1 Five forces summaryExhibit 24: Five forces analysis - Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 25: Chart on Bargaining power of buyers - Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 26: Bargaining power of suppliers - Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 27: Threat of new entrants - Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 28: Threat of substitutes - Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 29: Threat of rivalry - Impact of key factors in 2022 and 20275.7 Market conditionExhibit 30: Chart on Market condition - Five forces 2022 and 20276 Market Segmentation by End-user 6.1 Market segmentsExhibit 31: Chart on End-user - Market share 2022-2027 (%)Exhibit 32: Data Table on End-user - Market share 2022-2027 (%)6.2 Comparison by End-user Exhibit 33: Chart on Comparison by End-userExhibit 34: Data Table on Comparison by End-user6.3 BFSI - Market size and forecast 2022-2027 Exhibit 35: Chart on BFSI - Market size and forecast 2022-2027 ($ billion)Exhibit 36: Data Table on BFSI - Market size and forecast 2022-2027 ($ billion)Exhibit 37: Chart on BFSI - Year-over-year growth 2022-2027 (%)Exhibit 38: Data Table on BFSI - Year-over-year growth 2022-2027 (%)6.4 Retail - Market size an