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Sep 15, 2020 (AmericaNewsHour) —
The global data as a service market is segmented by deployment model into public cloud, private cloud and hybrid cloud. In this segment, hybrid cloudservice segment is projected to grow at remarkable pace over the forecast period. Factor such as, managing security, agreement and reducing data risk is anticipated to significantly robust the growth of data as a service over the forecast period. Apart from this, ability to deliver services faster, cheaper and more reliably over private cloud service is expected to drive the growth of data as a service over the forecast period.
Global data as a service market is expected to register a significant CAGR over the forecast period. Moreover, the global data as a service market is expected to increase on the basis of advancement in data services. Increase in growth of data is a key factor which is expected to increase the growth of global data as a service market over the forecast period.
North America is anticipated to dominate the overall market of data as a service market during the forecast period. Factors such as, increasing digital transformation in the region is expected to drive the growth of global data as a service market in North America region over the forecast period. Further, growing data center compliance and regulatory requirements especially data privacy is increasing the growth of data as a service market in Europe.
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Increasing Cloud Based Technologies
Factors such as, improved efficiency and increase in cloud based technologies is expected to increase the growth of global data as a service market over the forecast period. In addition, data as a service enables data quality and agility which may robust the increase in growth of global data as a service market over the forecast period.
Ability to Move Data Easily
Factor such as, transferring data with ease and ease of administration is anticipated to robust the growth of global data as a service market over the forecast period. Further, global accessibility and compatibility among diverse platforms are factor which may increase the growth of global data as a service market over the forecast period.
However, lack of security and loss of data in case of a disaster are such factors which are likely to dampen the growth of data as a service market during the forecast period.
The report titled ” Global Data as a Service Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global data as a service market in terms of market segmentation by deployment model, by pricing model, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global data as a service market which includes company profiling of Microsoft Corporation, Google Inc., Amazon Web Services, HP Enterprise Services, IBM Corporation, Oracle Corporation, EMC Corporation, SAP SE, SAS Institute, Inc. and Teradata Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data as a service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The post Data as a Service Market Outlook 2017|High Business Opportunities Driving Hefty Growth till 2024 appeared first on America News Hour.
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The MarketWatch News Department was not involved in the creation of this content.
