The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global big data as a service (BDaaS) market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 28% during 2021-2026. 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, along with forecasts at the global and regional level from 2021-2026. 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||2020|
|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$ 2299
Five User License: US$ 3399
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)|
According to the estimates by IMARC Group, the global big data as a service market is expected to grow at a CAGR of 18% during 2021-2026.
The high internet connectivity, along with the increasing penetration of smart devices across numerous end-use industries, is currently driving the demand for big data as a service across the globe.
The rising investments in the R&D activities for introducing enhanced security and improved data quality represent one of the key trends in the global big data as a service market.
Sudden outbreak of the COVID-19 pandemic had resulted in the increasing adoption of big data as a service in the healthcare sector for storing a large amount of patient-related data and medical records.
On the basis of the deployment model, the market has been bifurcated into public cloud, private cloud, and hybrid cloud. Amongst these, public cloud holds the majority of the total market share.
On the basis of the organization size, the market has been classified into small and medium-sized enterprise and large enterprises. At present, large enterprises exhibit a clear dominance in the market.
On the basis of the vertical, the market has been categorized into BFSI, healthcare, retail, IT and telecommunication, manufacturing, media and entertainment, and others. Amongst these, the BFSI vertical currently accounts for the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at