Global Data As A Service (DaaS) Market 2016-2020 is latest report added on RnRMarketResearch.com. The analysts forecast global DaaS market to grow at a CAGR of 43.72% during the period 2016-2020.
Complete report is available at http://www.rnrmarketresearch.com/global-data-as-a-service-market-2016-2020-market-report.html .
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.
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The report, 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.
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.
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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.
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.
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.
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