Data as a Service Market Report 2022 – 2027: Enterprise Data Syndication Presents Avenues For Expansion – QNT Press Release


DUBLIN, Aug. 3, 2022 /PRNewswire/ — The ‘Data as a Service Market by Enterprise, Industrial, Public, and Government Data Applications and Services 2022 – 2027’ report has been added to ResearchAndMarkets.com’s offering.

Select Report Findings:

  • North America and Western Europe represent the two largest regional markets for DaaS
  • IoT DaaS is growing nearly three times as fast as non-IoT DaaS, with much of its streaming data
  • Structured data market remains greater than unstructured, but the latter will overtake the former
  • Machine-sourced data is growing twice as fast as non-machine data, largely due to IoT apps and services
  • Analytics as a Service is the largest opportunity and also one of the fastest-growing segments through 2027
  • The DaaS market will receive a huge boost in both usage and revenue from edge computing and real-time data analytics
  • Corporate data syndication will become a major driver of DaaS growth, but data security and privacy challenges will limit the expansion

There is considerable competition in the market, happening at a variety of different levels, with features highly variable between vendors. This causes confusion for the enterprise and causes them to often choose two or more providers. Barriers to enterprise adoption of the DaaS model include security concerns, reliability, regulation, vendor lock-in/interoperability, IT management overhead, and other costs.

However, the reasons for implementing DaaS far outweigh the concerns, especially when it comes to IoT data, which must have flexible and scalable platforms for storage, processing, and distribution. Accordingly, enterprise organizations are five …

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center