The global DaaS market to grow at a CAGR of 43.72% during the period 2016-2020.
Global Data As A Service (DaaS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this 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.
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.
Other prominent vendors
- MapR Technologies
- SAS Institute
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/nhwgz9/global
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-data-as-a-service-market-2016-2020-with-ibm-microsoft-oracle--sap-dominating-300286598.html
SOURCE Research and Markets