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The global big data as a service (BDaaS) market size reached US$ 30.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 103.31 Billion by 2027, exhibiting at a CAGR of 22.14% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
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 2022-2027. Our report has categorized the market based on solution, deployment model, platform type, organization size and verticals.
Breakup by Solution:
Breakup by Deployment Model:
Breakup by Platform Type:
Breakup by Organization Size:
Breakup by Verticals:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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)|
The global Big Data as a Service market was valued at US$ 30.63 Billion in 2021.
We expect the global Big Data as a Service market to exhibit a CAGR of 22.14% during 2022-2027.
The increasing penetration of IoT system, along with the growing application of Big Data as a Service
in enabling organizations to efficiently make data-driven decisions, is currently driving the global Big
Data as a Service market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of Big Data as a
Service across diverse industries, to get remote access to the database of the organization with
advanced security to gain operational efficiency.
Based on the solution, the global Big Data as a Service market can be segregated into Hadoop-as-a-
Service (HDaaS), Data-as-a-Service (DaaS), and Data Analytics-as-a-Service (DAaaS). Currently, Data
Analytics-as-a-Service (DAaaS) solution accounts for the majority of the total market share.
Based on the deployment model, the global Big Data as a Service market has been divided into
public cloud, private cloud, and hybrid cloud. Among these, public cloud currently exhibits a clear
dominance in the market.
Based on the platform type, the global Big Data as a Service market can be categorized into JAVA,
Microsoft, oracle, SAP, and others. Currently, JAVA holds the majority of the global market share.
Based on the organization size, the global Big Data as a Service market has been segmented into
small and medium-sized enterprises and large enterprises, where large enterprises currently
represent the largest market share.
Based on the verticals, the global Big Data as a Service market can be bifurcated into BFSI,
healthcare, retail, IT and telecommunication, manufacturing, media and entertainment, and others.
Among these, the BFSI sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Big Data as a Service market include 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, MicroStrategy Inc., etc.
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