Big Data as a Service Market: Global  Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Big Data as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1638
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Market Overview:

The global big data as a service (BDaaS) market size reached US$ 38.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.7 Billion by 2028, exhibiting a growth rate (CAGR) of 20.78% during 2023-2028.

Big data as a service, abbreviated as BDaaS, is a cloud-based service related to the delivery of tools or information based on statistical analysis that helps an organization to understand and use the insights generated in order to improve their efficiency. BDaaS can be used as a software that is operated by a team of data scientists. It relies on the internet or cloud storage for providing uninterrupted access to data. It decreases the efforts required to manually process data through a platform or an analytics program. Furthermore, its predictive analysis assists the organizations to have a competitive edge and gain operational efficiency.

Big Data as a Service Market Trends:

The thriving banking, financial services, and insurance industry (BFSI) is one of the key factors driving the market growth. The increasing rate of internet penetration coupled with the development of Internet of Things (IoT) across various industry sectors, is also augmenting the market growth. An enormous amount of unstructured data is generated by various sectors, which is processed using big data to create space for effective utilization of organizational resources. The implementation of BDaaS has enabled organizations to efficiently make data-driven decisions as it aids in the forecast of event outcomes. This consequently helps organizations to reduce their upfront data storage, management and infrastructure costs. Utmost precision along with insightful analytical results is the key feature favoring the adoption of big data services across many organizations. Moreover, the growing adoption of cloud computing coupled with the increasing focus on research and development (R&D) activities to launch services with more enhanced security features is also projected to positively impact the industry growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global big data as a service market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on solution, deployment model, platform type, organization size and verticals.

Breakup by Solution:

  • Hadoop-as-a-Service (HDaaS)
  • Data-as-a-Service (DaaS)
  • Data Analytics-as-a-Service (DAaaS)
     

Breakup by Deployment Model:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
     

Breakup by Platform Type:

  • JAVA
  • Microsoft
  • Oracle
  • SAP
  • Others
     

Breakup by Organization Size:

  • Small and Medium-Sized Enterprises
  • Large Enterprises
     

Breakup by Verticals:

  • BFSI
  • Healthcare
  • Retail
  • IT and Telecommunication
  • Manufacturing
  • Media and Entertainment
  • Others
     

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc., Oracle Corporation, Google Inc., Hewlett-Packard, SAP SE, Accenture, IBM, SAS Institute, Dell EMC, Teradata, Alteryx Ltd, Opera Solutions, Wipro, Information Builders and MicroStrategy Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Solution, Deployment Model, Platform Type, Organization Size, Verticals, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Amazon Web Services Inc., Oracle Corporation, Google Inc., Hewlett-Packard, SAP SE, Accenture, IBM, SAS Institute, Dell EMC, Teradata, Alteryx Ltd, Opera Solutions, Wipro, Information Builders and MicroStrategy Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Big Data as a Service Market: Global  Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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