Reports
Data as a Service Market History, Data by Companies, 2025-2034
REPORT DETAILS
Report Code:
PM3831
No. of Pages:
118
Format:
PDF
Published Date:
Base Year:
2024
Author:
Apurva Agarwal
Historical Data:
2020-2023
REPORT DETAILS
Report Code:
PM3831
Published Date:
No. of Pages:
118
Historical Data:
2020-2023
Format:
PDF
Author:
Apurva Agarwal
Base Year:
2024
ABOUT THIS REPORT
Data as a Service Market Share, Size, Trends, Industry Analysis Report By Deployment (Public, Private), By Enterprise Size, By Industry, By Region – Market Forecast, 2025–2034
What is Data as a Service Market Size?
The global data as a service market was valued at USD 18.56 billion in 2024 and is expected to grow at a CAGR of 28.6% during the forecast period. The market growth is driven by rising data volume, increase in number of connected devices and technological advancement.
Key Insights
- The public segment dominated in 2024 due to increased number of SMEs and startups focusing on deploying public cloud solutions.
- The large enterprise segment is expected to witness fastest growth during the forecast period due to easier access to advanced solutions and services.
- North America dominated with largest share in 2024 due to growing number of organizations across the region.
- Asia Pacific is projected to accounted for a significant share in the global market due to rising proliferation of social media usage, connected devices, and e-commerce.
Industry Dynamics
- The increasing adoption of cloud-based analytics is fueling the growth.
- The increasing number of connected devices worldwide is driving the growth.
- The technological advancement is boosting the growth.
- The data security and privacy concerns along with regulatory compliance burdens is limiting the growth of the industry.
Market Statistics
- 2024 Market Size: USD 18.56 Billion
- 2034 Projected Market Size: USD 228.80 Billion
- CAGR (2025-2034): 28.6%
- Largest Market: North America
Impact of AI on Industry
- AI has increased demand for DaaS solutions as organizations require scalable, reliable external datasets to train and operate AI models.
- Improves value-proposition and accelerating adoption.
- Delivers more advanced services such as anomaly detection, pattern discovery, predictive insights.
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The surging prevalence of DaaS solutions across the globe due to their ability to provide companies value for their data assets and allow companies to easily offer their extensive data to external parties while providing the scalability required to handle varying data workloads and volumes are key factors boosting the growth of the global market. In addition, there has been an emerging trend among DaaS solution providers towards incorporating AI and machine learning capabilities into their services to offer predictive analytics and automated insights and also introducing newer solutions with enhanced characteristics and features like customization and personalization, which is also anticipated to create lucrative growth opportunities for the data as a service market. For instance, in February 2023, Apex Group introduced a new pioneering ESG Data as a Service platform, especially for private data as a service market. The new ESG DaaS will include several data points for the peer comparison, including carbon footprints, management of climate-related risks, and DE&I statistics, among others. Moreover, with the rising adoption and usage of graph databases by major DaaS providers worldwide to efficiently manage or query data with various complex relations like recommendation systems, social networks, and fraud detection, the need for advanced service solutions to handle data with interconnected elements have increased drastically in the recent years.
Growth Drivers
What Factors are Driving the Industry Growth?
The rapidly increasing adoption and integration of various cloud-based advanced analytics by organizations all over the world that include different applications like visualization, machine learning, forecasting, sentiment, semantic analysis, graph analysis, and data/text mining, among others, coupled with the surging need for data as a service among large social media platforms like LinkedIn, Facebook, and Instagram, are among the major factors propelling the demand and growth of the market. Furthermore, the extensive surge in the number of connected devices worldwide and prevalence among end-user industries, including media & government, retail, BFSI, and government, towards adopting connected devices for their manufacturing and business units, along with the drastic increase in the demand for data analytics from the energy sector, as a result of strong foothold of data analytics vendors worldwide, has also been propelling the growth of the market over the years.
Report Segmentation
The market is primarily segmented based on deployment, enterprise size, industry, and region.
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By Deployment |
By Enterprise Size |
By Industry |
By Region |
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How Public Segment Dominated in 2024?
The Public segment accounted for the largest market share in 2024 and is likely to retain its market position throughout the study period. The growth of the segment market is majorly driven by an increased number of SMEs and startups focusing on deploying public cloud solutions in their business operations and units to efficiently leverage benefits, including advanced security solutions, immense storage capacity, and the ability to combine both internal and external data.
Which Segment by Enterprise Size is Expected to Witness Singnificant Growth?
The large enterprise segment is expected to witness significant growth during the forecast period which has been driven by various factors, including easier access to these advanced solutions and services and the increased focus of several large organizations on their core competencies rather than diverting resources to managing data infrastructure. These services could also offer advanced analytics tools and capabilities, which enable large organizations to leverage to extract valuable insights from their data that lead to informed decision-making and strategic planning.
Regional Insights
How North America Captured Largest Share in 2024?
The North American region dominated the global market with largest share in 2024. The regional market growth can be largely attributed to the growing number of organizations across the region realizing the importance and value of their data assets, along with the continuous surge in the adoption of cloud computing, resulting in easier access and sharing of sophisticated data. Additionally, a large number of DaaS providers in the region have started offering subscription-based pricing models in the last few years, allowing businesses to conveniently access the data they needed without large upfront investments, which made these services more accessible and attractive to a wider range of companies and pushing the regional market growth forward.
What are the Reasons for Asia Pacific’s Significant Growth?
Asia Pacific is expected to experience significant growth during the forecast period due to rapid digitalization in the region. This rapid digitalization has increased the data volume in the region, which is driving the demand for external data services. Rising adoption of cloud, IoT, AI and analytics technologies is fueling the demand for curated, on-demand data services in the region. Moreover, governments in the region are introducing various initiatives and regulations to boosts data-driven transformation in countries such as India, China and in Southeast Asia which is fueling the adoption. Furthermore, investments in digital infrastructure such as data centres, high-speed networks are rising which is expanding the ecosystem of data-service, thereby driving the growth in the region.
Competitive Insight
The data as a service market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- Accenture Plc.
- Alteryx Ltd
- Amazon.com Inc.
- Google LLC
- Guavus Inc.
- Hewlett Packard Enterprise
- IBM
- Information Builders Inc.
- Microsoft Corporation
- Opera Solutions LLC
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Snowflake Inc
- Teradata Corporation
- Wipro Limited
- ZeroStack Inc.
Recent Developments
- October 2025, NetApp launched its enterprise-grade AI data platform, featuring the new AFX storage system and AI Data Engine built with NVIDIA technology, enabling enterprises to accelerate AI innovation, unify data management, and enhance performance across hybrid and multicloud environments.
- June 2025: Snowflake completed its acquisition of Crunchy Data to deliver enterprise-grade Postgres and streamline AI development.
- October 2024, FactSet launched its Data as a Service (DaaS) solution, enabling financial institutions to streamline data collection, management, and integration, enhance data quality, reduce operational costs, and improve decision-making efficiency across enterprise data management processes.
- October 2022, Fujitsu announced the launch of its new Fujitsu Computing as a Service Data e-Trust, which will make advanced computing technologies easily accessible and available to everyone. It further supports the authentication of various information related to individuals as well as corporations in digital transactions and the secure, safe, and free exchange of data.
- March 2022, Stibo Systems introduced its new cloud-based DaaS service, mainly focused on efficiently delivering data to data-consuming applications. It can be used for various applications such as websites, point of sale, & call centers.
Data as a Service Market Report Scope
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Report Attributes |
Details |
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Market size in 2024 |
USD 18.56 billion |
| Market size in 2025 | USD 23.75 billion |
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Revenue Forecast in 2034 |
USD 228.80 billion |
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CAGR |
28.6% from 2025 – 2034 |
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Base year |
2024 |
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Historical data |
2020 – 2023 |
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Forecast period |
2025 – 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments Covered |
By Deployment, By Enterprise Size, By Industry, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation |
FAQ's
The data as a service market report covering key segments are deployment, enterprise size, industry, and region.
Data as a Service Market Size Worth $228.80 Billion By 2034.
The global data as a service market is expected to grow at a CAGR of 28.6% during the forecast period.
North American is leading the global market.
key driving factors in data as a service market are increasing adoption of cloud-based analytics.
Page last updated on: Oct-2023
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