About the Data As A Service (DaaS) Market
DaaS is a cloud computing service model that refers to the sourcing, management, and provisioning of data in a consumable format to business users over the Internet. It facilitates the delivery of specified data to users on-demand, regardless of any geographical or organizational separation between providers and consumers. The DaaS model transfers the burden of data sourcing and management to a third-party cloud service provider and allows users to gain values from data.
Technavio’s analysts forecast the global DaaS market to grow at a CAGR of 43.72% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global DaaS market for 2016-2020. To calculate the market size, we consider revenue generated from data fabric services such as data management and data aggregation services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Data As A Service (DaaS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global data as a service (DaaS) market: IBM, Microsoft, Oracle, and SAP.
Other Prominent Vendors in the market are: Accenture, Alteryx, Altiscale, Attivio, Cloudera, DataStax, Doopex, EMC, Google, Hortonworks, HP, MapR Technologies, SAS Institute, and Teradata.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is expected to boost market growth even further is the rising demand for data recovery services. Cloud potentially consists of thousands of servers in multiple locations, which creates problems for the IT security landscape of an organization. Cloud administrators need effective means to determine the trustworthiness of remote servers in the cloud. Companies such as Intel are working on data protection in the cloud through key technologies such as Intel Trusted Execution Technology and remote attestation. OpenStack solution-based disaster recovery solutions enable backup and recovery of systems and remote machines.”
According to the report, a key growth driver is the exponential growth of data. Organizations across all sectors generate large data volumes at a rapid rate. Enterprises find cloud-based services such as DaaS profitable because they are more reliable and cost-effective. Subscription-based models of DaaS ensure that enterprises pay only for the utilized data and related services. In addition, enterprises can retrieve on-demand data from a cloud when required and make modifications as well.
Further, the report states that one challenge that could restrict market growth is concern over data security. Though cloud service providers implement the best security standards and industry certifications, storing data and important files with external service providers always open up risks.
IBM, Microsoft, Oracle, SAP, Accenture, Alteryx, Altiscale, Attivio, Cloudera, DataStax, Doopex, EMC, Google, Hortonworks, HP, MapR Technologies, SAS Institute, Teradata.
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