Global Big Data as a Service Market to Reach US$ 217.9 Billion by 2032, Stimulated by Rising Adoption of Cloud Computing

August 22, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Big Data as a Service (BDaaS) Market Report by Solution (Hadoop-as-a-Service (HDaaS), Data-as-a-Service (DaaS), Data Analytics-as-a-Service (DAaaS)), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Platform Type (JAVA, Microsoft, Oracle, SAP, and Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Verticals (BFSI, Healthcare, Retail, IT and Telecommunication, Manufacturing, Media and Entertainment, and Others), and Region 2024-2032,” the global big data as a service market size reached US$ 46.6 Billion in 2023. Big data as a service is a comprehensive cloud-based solution that provides organizations with the tools and infrastructure necessary to manage, process, and analyze vast volumes of data without the need for extensive in-house hardware or technical expertise. It relies on cloud computing capabilities, ensuring quick data processing and analysis, thus reducing decision-making latency. It enables data processing at scale, including real-time analytics, batch processing, and machine learning (ML) algorithms, facilitating informed decision-making. It also offers scalable and secure storage solutions for storing vast datasets, ensuring easy access and efficient data management. It fosters collaboration within organizations by enabling data sharing across departments and integrating various data sources seamlessly.

Global Big Data as a Service Market Trends:

At present, the increasing demand for BdaaS, as it empowers businesses to harness the potential of big data to make data-driven decisions, gain valuable insights, and enhance overall operational efficiency, represents one of the crucial factors impelling the growth of the market. Besides this, the rising practice of outsourcing data management responsibilities to BDaaS providers among businesses is contributing to the growth of the market. In addition, the growing utilization of cloud computing technologies to delegate routine tasks and increase operational efficiency is offering a favorable market outlook. Apart from this, the increasing integration of advanced analytics and artificial intelligence (AI) capabilities in BDaaS platforms is bolstering the growth of the market. Looking forward, the market value is projected to reach US$ 217.9 Billion by 2032, expanding at a CAGR of 18.1% during 2024-2032.

Market Summary:

  • Based on the solution, the market has been segmented into hadoop-as-a-service (HDaaS), data-as-a-service (DaaS), and data analytics-as-a-service (DAaaS). Data analytics-as-a-service (DAaaS) currently dominates the market, holding the largest share.
  • On the basis of the deployment model, the market has been segregated into public cloud, private cloud, and hybrid cloud. Presently, public cloud represents the biggest share in the market.
  • Based on the platform type, the market has been divided into JAVA, Microsoft, Oracle, SAP, and others. At present, JAVA holds the maximum share in the market.
  • On the basis of the organization size, large enterprises represent the largest segment, followed by small and medium-sized enterprises.
  • Based on the verticals, the market has been segmented into BFSI, healthcare, retail, IT and telecommunication, manufacturing, media and entertainment, and others. At present, BFSI exhibit a clear dominance in the market.
  • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the global share.
  • The competitive landscape of the market has also been examined, 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Big Data as a Service Market to Reach US$ 217.9 Billion by 2032, Stimulated by Rising Adoption of Cloud Computing
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More