How big is the Data as a Service Market | Cloud Data Trends & Insights 2025

Q: What is the market size of the Data as a Service market?

The Data as a Service market was valued at USD 8.9 billion in 2025 and is projected to reach USD 34.2 billion by 2031.

Q: What is the CAGR of the Data as a Service market from 2025 to 2031?

The data as a Service market is expected to grow at a CAGR of 18.4% during the forecast period.

Q: What are the key drivers of the Data as a Service market?

Key drivers of data as a Service market include increasing demand for real-time data, growing adoption of cloud platforms, and the need for cost-effective and scalable data solutions.

Q: What are the current trends in the Data as a Service market?

Trends of data as a Service market include the rise of self-service analytics, focus on data governance, and integration with AI and machine learning technologies.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5705

Publication Date: Jul 2025

What is the Data as a service Market Size?

According to 6Wresearch internal database and industry insights, the Global Data as a service market was valued at USD 8.9 billion in 2024 and is anticipated to exceed USD 34.2 billion by 2031, registering a steady at a CAGR of 18.4% during the forecast period.

This market is gaining massive momentum due to the increasing demand for data access, cost-efficiency, and enhanced business intelligence solutions. The growing reliance on cloud-based platforms and the need for real-time data analytics across industries are major driving forces. Enterprises are leveraging DaaS to streamline data management, improve agility, and enhance decision-making processes, contributing to the market's rapid expansion.

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Major Growth Factors of the Data as a service Market

Rising demand for real-time data access
Increased adoption of cloud computing
Growing need for data-driven decision-making
Surge in enterprise mobility and remote working
Cost-effective data solutions for businesses
Integration with AI and machine learning platforms
Expansion of IoT and connected devices
Growth in big data analytics adoption

Data as a service Market Trends

Data as a Service market is witnessing a major shift toward advanced data incorporation tools and self-service analytics platforms. Industries are increasingly focusing on scalable and customizable DaaS solutions to meet evolving data management needs. The market is also seeing a greater prominence on data governance, compliance, and security frameworks to ensure safe and reliable data sharing across organizations.

Emerging Developments in the Data as a service Market

Data as a Service market is undergoing to experience the massive innovation, with vendors enhancing their offerings through AI-powered analytics, automation, and intuitive data visualization tools. Strategic collaborations between DaaS providers and cloud infrastructure giants are becoming more frequent, enabling better service delivery and wider adoption. Furthermore, DaaS solutions are being tailored to serve industry-specific use cases in sectors like healthcare, finance, and retail.