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The global data as a service market size is expected to reach USD 125.40 billion by 2032, according to a new study by Polaris market research. The report "Data as a Service Market Share, Size, Trends, Industry Analysis Report, By Deployment (Public, Private, Hybrid); By Enterprise Size; By Industry; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid advancements in various social media platforms, a continuously rising 5G deployment rate, and an increasing number of e-commerce platforms or channels worldwide have led organizations to create high-prominence data and develops centralized channel of data flow, resulting in higher adoption of DaaS solutions to secure crucial business data and information from undesirable cyber-attacks. According to GSMA Intelligence, the number of 5G connections worldwide stood at over 1 billion at the end of 2022 and is forecasted to reach 2 billion connections by the end of 2025, while around 700 5G smartphones were available to users globally in January 2023.
The rising proliferation and prevalence of subscription-based pricing models in the market, which have allowed organizations to easily access the data they need without making large or significant upfront investments and also helping them to provide predictable pricing structures for the customers, has been creating ample growth or revenue opportunities in the recent years.
With the emerging demand for real-time data solutions or services around the world, the need for the development of DaaS solutions that could deliver data in real-time or near approx. Real-time has grown drastically. As many businesses seek to make quicker decisions based on the most up-to-date and latest information available, the leading DaaS solution providers have started offering real-time data streaming and integration services to cater to the rising demand for these services and boost their revenue streams.
For example, in April 2023, Bluesky unveiled its new data-as-a-service offering named "GeoStream," which is mainly designed to ensure that customers can access data when they need, without any limitations, and is available in two versions, including GeoStream Viewer and GeoStream Direct.
Data as a Service Market Report Highlights
The public segment accounted for the largest share on account of the growing prevalence among companies to leverage advanced data security solutions
Large segment held a significant share due to the rising adoption of cloud-based solutions by large organizations to manage data infrastructure efficiently
The IT and telecommunication segment will grow at the highest growth rate because of the rising number of connected devices and greater proliferation of smartphone usage
North America dominated the global market, owing to the region's well-established and developed data infrastructure and continuous innovations in technologies
The key market players include Hewlett Packard Enterprise, Microsoft Corporation, Oracle Corporation, Opera Solutions, and Accenture.
Polaris market research has segmented the data as a service market report based on deployment, enterprise size, industry, and region:
Data as a Service, Deployment Outlook (Revenue - USD Billion, 2023 - 2032)
Public
Private
Hybrid
Data as a Service, Enterprise Size Outlook (Revenue - USD Billion, 2023 - 2032)
Small
Medium
Large
Data as a Service, Industry Outlook (Revenue - USD Billion, 2023 - 2032)
BFSI
Government
IT and Telecommunication
Manufacturing
Retail
Others
Data as a Service, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Data as a Service Market Insights
4.1. Data as a Service Market - Industry Snapshot
4.2. Data as a Service Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing adoption of cloud-based analytics
4.2.1.2. Integration of machine learning and data mining
4.2.2. Restraints and Challenges
4.2.2.1. Data privacy and security concerns
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Data as a Service Market Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Data as a Service Market, by Deployment
5.1. Key Findings
5.2. Introduction
5.2.1. Global Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
5.3. Public
5.3.1. Global Data as a Service Market, by Public, by Region, 2019-2032 (USD Billion)
5.4. Private
5.4.1. Global Data as a Service Market, by Private, by Region, 2019-2032 (USD Billion)
5.5. Hybrid
5.5.1. Global Data as a Service Market, by Hybrid, by Region, 2019-2032 (USD Billion)
6. Global Data as a Service Market, by Enterprise Size
6.1. Key Findings
6.2. Introduction
6.2.1. Global Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
6.3. Small
6.3.1. Global Data as a Service Market, by Small, by Region, 2019-2032 (USD Billion)
6.4. Medium
6.4.1. Global Data as a Service Market, by Medium, by Region, 2019-2032 (USD Billion)
6.5. Large
6.5.1. Global Data as a Service Market, by Large, by Region, 2019-2032 (USD Billion)
7. Global Data as a Service Market, by Industry
7.1. Key Findings
7.2. Introduction
7.2.1. Global Data as a Service Market, by Industry, 2019-2032 (USD Billion)
7.3. BFSI
7.3.1. Global Data as a Service Market, by BFSI, By Region, 2019-2032 (USD Billion)
7.4. Government
7.4.1. Global Data as a Service Market, by Government, By Region, 2019-2032 (USD Billion)
7.5. IT and Telecommunication
7.5.1. Global Data as a Service Market, by IT and Telecommunication, By Region, 2019-2032 (USD Billion)
7.6. Manufacturing
7.6.1. Global Data as a Service Market, by Manufacturing, By Region, 2019-2032 (USD Billion)
7.7. Retail
7.7.1. Global Data as a Service Market, by Retail, By Region, 2019-2032 (USD Billion)
7.8. Others
7.8.1. Global Data as a Service Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Data as a Service Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Data as a Service Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Data as a Service Market - North America
8.3.1. North America: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.3.2. North America: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.3.3. North America: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.3.4. Data as a Service Market - U.S.
8.3.4.1. U.S.: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.3.5. Data as a Service Market - Canada
8.3.5.1. Canada: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.3.5.3. Canada: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4. Data as a Service Market - Europe
8.4.1. Europe: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.2. Europe.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.3. Europe: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.4. Data as a Service Market - UK
8.4.4.1. UK: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.4.2. UK.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.4.3. UK: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.5. Data as a Service Market - France
8.4.5.1. France: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.5.2. France.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.5.3. France: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.6. Data as a Service Market - Germany
8.4.6.1. Germany: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.6.3. Germany: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.7. Data as a Service Market - Italy
8.4.7.1. Italy: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.7.3. Italy: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.8. Data as a Service Market - Spain
8.4.8.1. Spain: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.8.3. Spain: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.9. Data as a Service Market - Netherlands
8.4.9.1. Netherlands: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.4.10. Data as a Service Market - Russia
8.4.10.1. Russia: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.4.10.3. Russia: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5. Data as a Service Market - Asia Pacific
8.5.1. Asia Pacific: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.4. Data as a Service Market - China
8.5.4.1. China: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.4.2. China.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.4.3. China: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.5. Data as a Service Market - India
8.5.5.1. India: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.5.2. India.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.5.3. India: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.6. Data as a Service Market - Malaysia
8.5.6.1. Malaysia: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.7. Data as a Service Market - Japan
8.5.7.1. Japan: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.7.3. Japan: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.8. Data as a Service Market - Indonesia
8.5.8.1. Indonesia: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.5.9. Data as a Service Market - South Korea
8.5.9.1. South Korea: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.6. Data as a Service Market - Middle East & Africa
8.6.1. Middle East & Africa: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.6.4. Data as a Service Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.6.5. Data as a Service Market - UAE
8.6.5.1. UAE: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.6.5.3. UAE: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.6.6. Data as a Service Market - Israel
8.6.6.1. Israel: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.6.6.3. Israel: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.6.7. Data as a Service Market - South Africa
8.6.7.1. South Africa: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.7. Data as a Service Market - Latin America
8.7.1. Latin America: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.7.2. Latin America.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.7.3. Latin America: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.7.4. Data as a Service Market - Mexico
8.7.4.1. Mexico: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.7.5. Data as a Service Market - Brazil
8.7.5.1. Brazil: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)
8.7.6. Data as a Service Market - Argentina
8.7.6.1. Argentina: Data as a Service Market, by Deployment, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Data as a Service Market, by Industry, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Data as a Service Market, by Enterprise Size, 2019-2032 (USD Billion)