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Press Release:

Global Big Data as a Service Market to Reach US$ 17.1 Billion by 2024, Propelled by Increasing Reliance on Data Analytics

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Big Data as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global big data as a service market exhibited strong growth during 2015-2020. 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. Looking forward, the global big data as a service market is expected to grow at a CAGR of around 28% during 2021-2026.

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, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, solution, deployment model, platform type, organization size and verticals.

Report Coverage:

  • Historial, Current and Future Market Trends
     
  • Market Breakup by Solution:
    • Hadoop-as-a-Service (HDaaS)
    • Data-as-a-Service (DaaS)
    • Data Analytics-as-a-Service (DAaaS)
       
  • Market Breakup by Deployment Model:
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
       
  • Market Breakup by Platform Type:
    • JAVA
    • Microsoft
    • Oracle
    • SAP
    • Others
       
  • Market Breakup by Organization Size:
    • Small and Medium-Sized Enterprises
    • Large Enterprises
       
  • Market Breakup by Verticals:
    • BFSI
    • Healthcare
    • Retail
    • IT and Telecommunication
    • Manufacturing
    • Media and Entertainment
    • Others
       
  • Market 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, MicroStrategy Inc., etc.

Key Questions Answered in This Report

The global big data as a service market was worth around US$ 10.7 Billion in 2019.

According to the estimates by IMARC Group, the global big data as a service market will exhibit strong growth during the next five years.

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. 

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Big Data as a Service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Solution
    5.5    Market Breakup by Deployment Model
    5.6    Market Breakup by Platform Type
    5.7    Market Breakup by Organization Size
    5.8   Market Breakup by Verticals
    5.9    Market Breakup by Region
    5.10    Market Forecast
6    SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7    Value Chain Analysis
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Bargaining Power of Buyers
    8.3    Bargaining Power of Suppliers
    8.4    Degree of Competition
    8.5    Threat of New Entrants
    8.6    Threat of Substitutes
9    Market Breakup by Solution
    9.1    Hadoop-as-a-Service (Hadadas)
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Data-as-a-Service (DaaS)
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Data Analytics-as-a-Service (DAaaS)
        9.3.1    Market Trends
        9.3.2    Market Forecast
10    Market Breakup by Deployment Model
    10.1    Public Cloud
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Private Cloud
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Hybrid Cloud
        10.3.1    Market Trends
        10.3.2    Market Forecast
11    Market Breakup by Platform Type
    11.1    JAVA
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Microsoft
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Oracle
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    SAP
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Others
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    Market Breakup by Organization Size
    12.1    Small and Medium-Sized Enterprises
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Large Enterprises
        12.2.1    Market Trends
        12.2.2    Market Forecast
13    Market Breakup by Verticals
    13.1    BFSI
        13.1.1    Market Trends
        13.1.2    Market Forecast
    13.2    Healthcare
        13.2.1    Market Trends
        13.2.2    Market Forecast
    13.3    Retail
        13.3.1    Market Trends
        13.3.2    Market Forecast
    13.4    IT and Telecommunication
        13.4.1    Market Trends
        13.4.2    Market Forecast
    13.5    Manufacturing
        13.5.1    Market Trends
        13.5.2    Market Forecast
    13.6    Media and Entertainment
        13.6.1    Market Trends
        13.6.2    Market Forecast
    13.7    Others
        13.7.1    Market Trends
        13.7.2    Market Forecast
14    Market Breakup by Region
    14.1    North America
        14.1.1    Market Trends
        14.1.2    Market Forecast
    14.2    Europe
        14.2.1    Market Trends
        14.2.2    Market Forecast
    14.3    Asia Pacific
        14.3.1    Market Trends
        14.3.2    Market Forecast
    14.4    Middle East and Africa
        14.4.1    Market Trends
        14.4.2    Market Forecast
    14.5    Latin America
        14.5.1    Market Trends
        14.5.2    Market Forecast
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Amazon Web Services Inc
        15.3.2    Oracle Corporation
        15.3.3    Google Inc
        15.3.4    Hewlett-Packard
        15.3.5    SAP SE
        15.3.6    Accenture
        15.3.7    IBM
        15.3.8    SAS Institute
        15.3.9    Dell EMC
        15.3.10    Teradata
        15.3.11    Alteryx Ltdl
        15.3.12    Opera Solutions
        15.3.13    Wipro
        15.3.14    Information Builders
        15.3.15    MicroStrategy Inc

List of Figures

Figure 1: Global: Big Data as a Service Market: Major Drivers and Challenges
Figure 2: Global: Big Data as a Service Market: Sales Value (in Billion US$), 2015 - 2020
Figure 3: Global: Big Data as a Service Market: Breakup by Solution (in %), 2020
Figure 4: Global: Big Data as a Service Market: Breakup by Deployment Model (in %), 2020
Figure 5: Global: Big Data as a Service Market: Breakup by Platform Type (in %), 2020
Figure 6: Global: Big Data as a Service Market: Breakup by Organization Size (in %), 2020
Figure 7: Global: Big Data as a Service Market: Breakup by Verticals (in %), 2020
Figure 8: Global: Big Data as a Service Market: Breakup by Region (in %), 2020
Figure 9: Global: Big Data as a Service Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Big Data as a Service Industry: SWOT Analysis
Figure 11: Global: Big Data as a Service Industry: Value Chain Analysis
Figure 12: Global: Big Data as a Service Industry: Porter’s Five Forces Analysis
Figure 13: Global: Big Data as a Service (Hadoop-as-a-Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Big Data as a Service (Hadoop-as-a-Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Big Data as a Service (Data-as-a-Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Big Data as a Service (Data-as-a-Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Big Data as a Service (Data Analytics-as-a-Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Big Data as a Service (Data Analytics-as-a-Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Big Data as a Service (Public Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Big Data as a Service (Public Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Big Data as a Service (Private Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Big Data as a Service (Private Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Big Data as a Service (Hybrid Cloud) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Big Data as a Service (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Big Data as a Service (JAVA) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Big Data as a Service (JAVA) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Big Data as a Service (Microsoft) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Big Data as a Service (Microsoft) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Big Data as a Service (Oracle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Big Data as a Service (Oracle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Big Data as a Service (SAP) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Big Data as a Service (SAP) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Big Data as a Service (Other Platform Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Big Data as a Service (Other Platform Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Big Data as a Service (Small and Medium-Sized Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Big Data as a Service (Small and Medium-Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Big Data as a Service (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Big Data as a Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Big Data as a Service (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Big Data as a Service (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Big Data as a Service (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Big Data as a Service (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Big Data as a Service (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Big Data as a Service (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Global: Big Data as a Service (IT and Telecommunication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Big Data as a Service (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Global: Big Data as a Service (Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Global: Big Data as a Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Global: Big Data as a Service (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Global: Big Data as a Service (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Global: Big Data as a Service (Other Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Global: Big Data as a Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: North America: Big Data as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: North America: Big Data as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Big Data as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Big Data as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Asia Pacific: Big Data as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Asia Pacific: Big Data as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Middle East and Africa: Big Data as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Middle East and Africa: Big Data as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Latin America: Big Data as a Service Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Latin America: Big Data as a Service Market Forecast: Sales Value (in Million US$), 2021-2026
 
List of Tables

Table 1: Global: Big Data as a Service Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Big Data as a Service Market Forecast: Breakup by Solution (in Million US$), 2021-2026
Table 3: Global: Big Data as a Service Market Forecast: Breakup by Deployment Model (in Million US$), 2021-2026
Table 4: Global: Big Data as a Service Market Forecast: Breakup by Platform Type (in Million US$), 2021-2026
Table 5: Global: Big Data as a Service Market Forecast: Breakup by Organization Size (in Million US$), 2021-2026
Table 6: Global: Big Data as a Service Market Forecast: Breakup by Verticals (in Million US$), 2021-2026
Table 7: Global: Big Data as a Service Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Big Data as a Service Market: Competitive Structure
Table 9: Global: Big Data as a Service Market: Key Players

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