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Data as a Service (DaaS) Market

ID: MRFR/ICT/4599-HCR
100 Pages
Ankit Gupta
October 2025

Data as a Service (DaaS) Market Research Report Information By Deployment (Public, Private, and Hybrid), By Pricing Model (Volume-Based Model and Data Type-Based Model), By Organization Size (SMEs and Large Enterprises), By End-User (BFSI, Healthcare, Retail, and IT & Telecom), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

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Data as a Service (DaaS) Market Summary

As per MRFR analysis, the Data as a Service (DaaS) Market Size was estimated at 21.0 USD Billion in 2024. The DaaS industry is projected to grow from 24.62 USD Billion in 2025 to 120.68 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 17.23 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Data as a Service (DaaS) market is experiencing robust growth driven by technological advancements and evolving consumer needs.

  • The market witnesses increased adoption of cloud solutions, particularly in North America, which remains the largest market.
  • Data integration continues to dominate the DaaS landscape, while data analytics emerges as the fastest-growing segment.
  • In Asia-Pacific, the focus on data security and compliance is intensifying, reflecting the region's rapid digital transformation.
  • The growing demand for real-time data access and advancements in machine learning are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 21.0 (USD Billion)
2035 Market Size 120.68 (USD Billion)
CAGR (2025 - 2035) 17.23%

Major Players

Amazon Web Services (US), Microsoft (US), Google Cloud (US), IBM (US), Oracle (US), Salesforce (US), SAP (DE), Snowflake (US), Alibaba Cloud (CN)

Data as a Service (DaaS) Market Trends

The Data as a Service (DaaS) Market is currently experiencing a transformative phase, characterized by an increasing reliance on cloud-based solutions for data management and analytics. Organizations across various sectors are recognizing the value of accessing real-time data without the burden of maintaining extensive on-premises infrastructure. This shift not only enhances operational efficiency but also allows businesses to leverage data-driven insights for strategic decision-making. As the demand for agility and scalability grows, service providers are adapting their offerings to meet the evolving needs of clients, which may include advanced analytics, data integration, and enhanced security measures. Moreover, the competitive landscape of the Data as a Service (DaaS) Market is becoming increasingly dynamic. New entrants are emerging, while established players are expanding their portfolios through partnerships and acquisitions. This trend suggests a robust ecosystem where innovation thrives, potentially leading to the development of more sophisticated tools and services. As organizations continue to prioritize data accessibility and usability, the DaaS Market is poised for sustained growth, driven by technological advancements and changing consumer expectations.

Increased Adoption of Cloud Solutions

Organizations are increasingly migrating to cloud-based platforms for data management, which allows for greater flexibility and scalability. This trend indicates a shift from traditional data storage methods to more agile solutions that can adapt to changing business needs.

Focus on Data Security and Compliance

As data breaches become more prevalent, there is a heightened emphasis on security measures within the Data as a Service (DaaS) Market. Companies are prioritizing compliance with regulations, which may lead to the development of more robust security protocols.

Integration of Advanced Analytics

The integration of advanced analytics tools into DaaS offerings is becoming more common. This trend suggests that businesses are seeking deeper insights from their data, which could enhance decision-making processes and drive competitive advantage.

Data as a Service (DaaS) Market Drivers

Market Growth Projections

The Global Data as a Service (DaaS) Market Industry is poised for substantial growth, with projections indicating a market size of 21 USD Billion in 2024 and an anticipated expansion to 121.2 USD Billion by 2035. This remarkable growth trajectory reflects a compound annual growth rate (CAGR) of 17.27% from 2025 to 2035. The increasing reliance on data-driven strategies across various sectors, coupled with advancements in cloud technology and data analytics, contributes to this upward trend. As organizations continue to prioritize data accessibility and utilization, the DaaS market is likely to experience robust demand and innovation.

Rising Demand for Data Analytics

The Global Data as a Service (DaaS) Market Industry experiences a notable surge in demand for data analytics solutions. Organizations across various sectors are increasingly recognizing the value of data-driven decision-making. This trend is particularly evident in industries such as finance, healthcare, and retail, where data analytics enhances operational efficiency and customer insights. As a result, the market is projected to reach 21 USD Billion in 2024, reflecting a growing reliance on data analytics to drive business strategies. The emphasis on real-time data access and analysis further propels the adoption of DaaS solutions, positioning the industry for sustained growth.

Emergence of Advanced Technologies

The emergence of advanced technologies, including artificial intelligence and machine learning, plays a crucial role in driving the Global Data as a Service (DaaS) Market Industry. These technologies enable organizations to extract valuable insights from vast datasets, enhancing predictive analytics and decision-making capabilities. As businesses increasingly adopt AI-driven solutions, the demand for DaaS offerings that integrate these technologies is expected to rise. The market's growth is further supported by a projected CAGR of 17.27% from 2025 to 2035, indicating a robust trajectory fueled by the integration of advanced technologies into data services.

Increased Focus on Customer Experience

The Global Data as a Service (DaaS) Market Industry is witnessing a heightened focus on customer experience as organizations strive to understand and meet customer needs effectively. DaaS solutions provide businesses with access to comprehensive customer data, enabling personalized marketing strategies and improved service delivery. Companies are leveraging data insights to enhance customer interactions and build long-term relationships. This trend is likely to drive the adoption of DaaS services, as organizations recognize the importance of data in shaping customer experiences. The growing emphasis on customer-centric approaches positions the DaaS market for continued expansion in the coming years.

Cloud Adoption and Digital Transformation

The ongoing shift towards cloud computing and digital transformation significantly influences the Global Data as a Service (DaaS) Market Industry. Organizations are increasingly migrating their data storage and processing to cloud platforms, driven by the need for scalability, flexibility, and cost-effectiveness. This transition facilitates seamless access to data and enhances collaboration among teams. As businesses embrace digital transformation initiatives, the demand for DaaS solutions is expected to rise. The market's growth trajectory indicates a potential expansion to 121.2 USD Billion by 2035, underscoring the pivotal role of cloud adoption in shaping the future of data services.

Regulatory Compliance and Data Governance

The Global Data as a Service (DaaS) Market Industry is significantly impacted by the increasing emphasis on regulatory compliance and data governance. Organizations are compelled to adhere to stringent data protection regulations, such as GDPR and CCPA, which necessitate robust data management practices. DaaS solutions offer the necessary tools for ensuring compliance while maintaining data integrity and security. As businesses navigate complex regulatory landscapes, the demand for DaaS services that facilitate compliance is likely to grow. This trend not only enhances trust among consumers but also positions organizations to leverage data responsibly, thereby fostering a more sustainable data ecosystem.

Market Segment Insights

By Application: Data Integration (Largest) vs. Data Analytics (Fastest-Growing)

In the Data as a Service market, the application segment is characterized by distinct functionalities, with Data Integration holding the largest market share. This operational layer is pivotal in ensuring seamless connectivity and flow of data across various platforms, allowing organizations to harness their data resources more effectively. Following closely, Data Analytics is witnessing rapid adoption, driven by the increasing need for data-driven decision-making in dynamic business environments.

Data Integration (Dominant) vs. Data Analytics (Emerging)

Data Integration serves as the backbone of the DaaS ecosystem, enabling diverse data sources to converge into a unified platform for ease of access and analysis. Its dominance stems from the necessity of robust and efficient data pipelines in organizations, facilitating operational workflows. On the other hand, Data Analytics is emerging as a critical area of growth, propelled by advancements in artificial intelligence and machine learning technologies. Organizations are increasingly investing in analytics tools to derive insights from large volumes of data, enhancing competitive advantage through informed strategy development.

By Deployment Model: Public Cloud (Largest) vs. Hybrid Cloud (Fastest-Growing)

In the Data as a Service (DaaS) market, the deployment model segment is characterized by varying preferences among consumers and businesses. Public Cloud continues to hold the largest share in 2024, driven by factors such as ease of access, scalability, and cost-effectiveness. Organizations are increasingly opting for Public Cloud solutions to leverage extensive storage and flexible resources without the burden of maintaining infrastructure. On the other hand, Hybrid Cloud is emerging as a preferred model among organizations seeking the benefits of both public and private infrastructures. This deployment model is gaining traction as it allows companies to manage workloads effectively across different cloud environments, thus providing enhanced control and customization options for their data needs.

Public Cloud (Dominant) vs. Hybrid Cloud (Emerging)

The Public Cloud deployment model in the DaaS market is recognized for its broad appeal and market dominance. It offers numerous advantages, including low entry costs, scalability, and rapid deployment capabilities, making it an ideal choice for a range of businesses from startups to large enterprises. Moreover, with increasing data generation and the necessity for quick access and analysis, Public Cloud services are favored for their convenience and efficiency. In contrast, Hybrid Cloud is regarded as the emerging trend that combines the best of both worlds. This model allows enterprises to operate in both public and private environments, thus offering increased flexibility, compliance, and control over sensitive data while still taking advantage of the scalable resources available in the public cloud.

By End User: Small and Medium Enterprises (Largest) vs. Large Enterprises (Fastest-Growing)

In the Data as a Service (DaaS) Market, the distribution of market share among different end users reveals that Small and Medium Enterprises (SMEs) hold the largest share. This is driven by their increasing reliance on data-driven strategies to enhance operational efficiency and decision-making capabilities. Large Enterprises, while holding a significant portion of the market, are experiencing rapid adoption due to their need for advanced analytics and integration with existing IT infrastructures.

Small and Medium Enterprises: Dominant vs. Large Enterprises: Emerging

Small and Medium Enterprises (SMEs) are establishing themselves as the dominant end user in the DaaS market. Their agility and lower barriers to implementation allow for swift adoption of DaaS solutions, thus creating a strong preference in this segment. Conversely, Large Enterprises are emerging as the fastest-growing segment as they increasingly recognize the importance of data-driven insights for maintaining competitiveness. They tend to invest heavily in sophisticated DaaS solutions to handle vast amounts of data and support complex business operations.

By Service Type: Data Processing (Largest) vs. Data Security (Fastest-Growing)

Within the Data as a Service (DaaS) market, the share distribution among service types reveals that Data Processing holds the largest segment, driven by a significant demand for real-time analytics and data manipulation. Following closely are Data Hosting and Data Security, the latter of which is observing rapid growth due to increasing concerns around data privacy and compliance.

Data Processing (Dominant) vs. Data Security (Emerging)

Data Processing is the dominant service in the DaaS market, providing essential capabilities for organizations that require effective data management and analysis. It serves businesses looking to harness large data sets for operational efficiency and competitive advantage. Conversely, Data Security is emerging as a crucial aspect as firms prioritize safeguarding sensitive information. This segment is rapidly gaining traction as regulatory demands intensify and cyber threats become more sophisticated, prompting companies to invest heavily in secure data solutions.

By Industry Vertical: Healthcare (Largest) vs. Finance (Fastest-Growing)

In the Data as a Service (DaaS) Market, the healthcare sector emerges as the largest segment, driven by the increasing need for efficient data management and analytics in patient care and operational processes. Health organizations are relying on DaaS solutions to streamline their operations, enhance decision-making, and improve overall patient outcomes. The finance industry follows closely, characterized by its growth potential as data-driven insights are becoming integral to risk management, regulatory compliance, and customer engagement strategies.

Healthcare: DaaS (Dominant) vs. Finance: DaaS (Emerging)

The healthcare sector's dominance in the DaaS market is attributed to its rigorous data requirements and the necessity for real-time analytics to improve patient care and monitor health trends. Healthcare organizations increasingly adopt cloud-based solutions to enhance data accessibility and reliability. In contrast, the finance sector, while emerging, is rapidly adapting to DaaS solutions, leveraging data analytics for fraud detection, personalized banking experiences, and compliance with stringent regulations. As financial institutions focus on innovation, investments in DaaS are expected to grow, appealing to the demand for agile and scalable data solutions.

Get more detailed insights about Data as a Service (DaaS) Market

Regional Insights

North America : Innovation Hub for DaaS

North America is the largest market for Data as a Service (DaaS), holding a significant share of 10.5 in 2024. The region's growth is driven by increasing demand for cloud-based solutions, data analytics, and the need for real-time data access. Regulatory support for data privacy and security further catalyzes market expansion, as businesses seek compliant solutions to manage their data effectively. The competitive landscape in North America is dominated by major players such as Amazon Web Services, Microsoft, and Google Cloud. These companies are continuously innovating to enhance their service offerings, ensuring they meet the evolving needs of businesses. The presence of advanced technology infrastructure and a skilled workforce further solidifies North America's position as a leader in the DaaS market.

Europe : Emerging DaaS Powerhouse

Europe's DaaS market is rapidly expanding, with a market size of 5.0 in 2024. The growth is primarily driven by stringent data protection regulations like GDPR, which compel organizations to adopt compliant data solutions. Additionally, the increasing demand for data-driven decision-making across various sectors fuels the market's expansion, as businesses seek to leverage data for competitive advantage. Leading countries in this region include Germany, the UK, and France, where major players like SAP and Oracle are actively enhancing their DaaS offerings. The competitive landscape is characterized by a mix of established firms and innovative startups, all vying for market share. The focus on data sovereignty and local data centers is also shaping the competitive dynamics in Europe.

Asia-Pacific : Emerging DaaS Frontier

The Asia-Pacific region is witnessing a burgeoning DaaS market, with a size of 4.5 in 2024. This growth is fueled by the increasing digital transformation initiatives across various industries, coupled with a rising demand for data analytics and cloud solutions. Governments in the region are also promoting data-driven policies, which further stimulate market growth and adoption of DaaS solutions. Countries like China, India, and Japan are at the forefront of this growth, with significant investments in technology infrastructure. Key players such as Alibaba Cloud and local startups are competing vigorously to capture market share. The competitive landscape is dynamic, with a focus on innovation and tailored solutions to meet the diverse needs of businesses in the region.

Middle East and Africa : Resource-Rich DaaS Market

The Middle East and Africa (MEA) region is gradually emerging in the DaaS market, with a market size of 1.0 in 2024. The growth is driven by increasing investments in digital infrastructure and a rising awareness of the benefits of data-driven decision-making. Governments are also initiating various programs to enhance data accessibility and promote cloud adoption, which are crucial for market development. Leading countries in this region include South Africa and the UAE, where local and international players are beginning to establish a foothold. The competitive landscape is still developing, with opportunities for growth as businesses increasingly recognize the value of data services. The presence of The Data as a Service (DaaS) dynamics in the MEA region.

Data as a Service (DaaS) Market Regional Image

Key Players and Competitive Insights

The Data as a Service (DaaS) Market is currently characterized by intense competition and rapid growth, driven by the increasing demand for data-driven decision-making across various industries. Major players such as Amazon Web Services (US), Microsoft (US), and Google Cloud (US) are at the forefront, leveraging their extensive cloud infrastructures to offer scalable and flexible data solutions. These companies are strategically positioned to capitalize on the growing trend of digital transformation, with a focus on innovation and customer-centric services. Their operational strategies, including partnerships and regional expansions, are shaping a competitive environment that is both dynamic and multifaceted.
The market structure appears moderately fragmented, with a mix of established giants and emerging players. Key business tactics such as localizing services and optimizing supply chains are prevalent among these companies, allowing them to cater to diverse customer needs effectively. The collective influence of these major players is significant, as they not only set industry standards but also drive technological advancements that enhance the overall market landscape.
In November 2025, Amazon Web Services (US) announced the launch of a new data analytics platform aimed at small and medium-sized enterprises (SMEs). This strategic move is likely to broaden AWS's customer base and enhance its competitive edge by providing tailored solutions that meet the specific needs of SMEs, which have been increasingly seeking accessible data services. The introduction of this platform underscores AWS's commitment to innovation and its focus on democratizing data access.
In October 2025, Microsoft (US) expanded its partnership with a leading AI firm to integrate advanced machine learning capabilities into its DaaS offerings. This collaboration is expected to enhance the analytical capabilities of Microsoft's data services, allowing clients to derive deeper insights from their data. By embedding AI into its solutions, Microsoft positions itself as a leader in the market, catering to the growing demand for intelligent data processing.
In September 2025, Google Cloud (US) unveiled a new initiative aimed at enhancing data security and compliance for its DaaS clients. This initiative includes advanced encryption technologies and compliance tools tailored to meet stringent regulatory requirements. By prioritizing security, Google Cloud not only addresses a critical concern for businesses but also strengthens its value proposition in a market where data privacy is paramount.
As of December 2025, current competitive trends in the DaaS Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing service offerings. The competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological innovation, reliability, and the ability to provide comprehensive, sustainable solutions that meet the evolving needs of businesses.

Key Companies in the Data as a Service (DaaS) Market include

Industry Developments

The Nulogy Data as a Service (DaaS) Solution will be introduced to the Multi-Enterprise Supply Chain Business Network Platform (MESCBN) in 2022, according to Nulogy, a prominent developer of supply chain collaboration solutions. Today at the PACK EXPO International exhibition and conference in Chicago, Illinois, the company will present the innovative solution.

By 2023, Mastercard, a titan of the international payments industry, had fully realised the promise of Open Banking. It has announced the debut of its Account Owner Verification solution in Europe using the technology. With this approach, you may rapidly confirm that a person is who they claim to be. People are constantly looking for novel or tried-and-true strategies to protect their wallets and financial information.

Fujitsu today announced the introduction of "Fujitsu Computing as a Service" in 2022. For "Fujitsu Computing as a Service" (hereafter CaaS) (1), a service portfolio from Fujitsu that makes cutting-edge computing technologies easily accessible to everyone, Data e-TRUST" is a new service function. Fujitsu provided Data e-TRUST to Nagase & Co., Ltd. as part of a pre-launch offering for their work advancing digital transformation (DX) in the chemical industry. By the conclusion of the fiscal 2022 period, the new feature will be generally available for the Japanese market. In the future, services will be rolled out to the international market.

NTT DATA, a leader in global digital business and IT services, today launched Launch by NTT DATA, a platform that will let businesses build provocative digital experiences that will increase consumer engagement and business growth by 2023. The company's goal to acquire and incorporate the expertise, know-how, and technology of top digital enterprises, supported by NTT DATA's core competencies, worldwide reach, and depth, has culminated in the launch by NTT DATA.

March 2022: SAP SE released a new concept within the SAP Signavio software that aggregates end-user experience data from the customer, supplier, or employee surveys with core IT systems. This will allow businesses to improve their end-to-end business processes, increasing operational efficiency and customer satisfaction.

March 2022: BMW Group chose Hewlett Packard Enterprise's GreenLake edge-to-cloud platform to optimize and centralize data processing across sites. As part of the agreement, Hewlett Packard Enterprise will provide cloud services for big data, backup, recovery, and compliant archiving, allowing BMW Group to manage distributed data on a single platform while maintaining a consistent cloud experience.

Future Outlook

Data as a Service (DaaS) Market Future Outlook

The Data as a Service (DaaS) Market is projected to grow at a 17.23% CAGR from 2025 to 2035, driven by increasing data demand, cloud adoption, and advanced analytics.

New opportunities lie in:

  • Integration of AI-driven analytics for enhanced data insights.
  • Development of industry-specific DaaS solutions for niche markets.
  • Expansion of data governance frameworks to ensure compliance and security.

By 2035, the DaaS market is expected to be a cornerstone of data-driven decision-making globally.

Market Segmentation

Data as a Service (DaaS) Market End User Outlook

  • Small and Medium Enterprises
  • Large Enterprises
  • Government Organizations

Data as a Service (DaaS) Market Application Outlook

  • Data Integration
  • Data Analytics
  • Data Management
  • Data Storage

Data as a Service (DaaS) Market Service Type Outlook

  • Data Processing
  • Data Hosting
  • Data Security

Data as a Service (DaaS) Market Deployment Model Outlook

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Data as a Service (DaaS) Market Industry Vertical Outlook

  • Healthcare
  • Finance
  • Retail
  • Telecommunications

Report Scope

MARKET SIZE 2024 21.0(USD Billion)
MARKET SIZE 2025 24.62(USD Billion)
MARKET SIZE 2035 120.68(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 17.23% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Amazon Web Services (US), Microsoft (US), Google Cloud (US), IBM (US), Oracle (US), Salesforce (US), SAP (DE), Snowflake (US), Alibaba Cloud (CN)
Segments Covered Application, Deployment Model, End User, Service Type, Industry Vertical
Key Market Opportunities Integration of artificial intelligence enhances analytics capabilities in the Data as a Service (DaaS) Market.
Key Market Dynamics Rising demand for real-time analytics drives innovation and competition in the Data as a Service market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Ankit Gupta
Senior Research Analyst

Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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FAQs

How much is the data as a service (DaaS) market?

The data as a service (DaaS) market size was valued at USD 21.0 Billion in 2024.

What is the growth rate of the data as a service (DaaS) market?

The market is projected to grow at a CAGR of 17.23% during the forecast period, 2024-2032.

Which region held the largest market share in the data as a service (DaaS) market?

In 2022, North America had the largest revenue share of the market.

Who are the key players in the data as a service (DaaS) market?

The key players in the market are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Facebook Inc (U.S.), Fair Isaac Corporation (U.S.), Alibaba Group Holding Limited (China), Google Inc (U.S.), Oracle Corporation (U.S.), Bloomberg Finance L.P. (U.S.), Salesforce.com Inc (U.S.), LinkedIn Corporation (U.S.), Mastercard Advisors LLC (U.S.), and LexisNexis Corporation (U.S.).

Which deployment led the data as a service (DaaS) market?

The hybrid category dominated the market in 2021.

Which end user had the largest market share in the data as a service (DaaS) market?

In 2021, IT & telecom had the largest market share.

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