Press Release

Big Data as a Service Market is Expected to grow at an impressive CAGR

The increasing volume and variety of data handling is expected to drive the growth of the global big data as a service market during the forecast period.

According to TechSci Research report, Global Big Data as a Service Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028, the global big data as a service market is anticipated to register robust growth during the forecast period. The growing demand in industries for useful information and the expansion of organizational data across industries as a result of digitalization and business process automation are some key factors fueling the growth of the global big data as a service market. The demand for real-time data analytics is also increasing, which is driving the market's expansion throughout the study period. Additionally, there has been an increase in the use of predictive modelling tools, government measures supporting big data infrastructure, data expansion as a result of digitization and automation, and industry need for meaningful insights from big data. These elements encourage market expansion during the study period.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Big Data as a Service Market.”

 

The global big data as a service market is segmented on the basis of solution type, deployment model, organization size, industry vertical, and region. Based on solution type, the market is divided into hadoop-as-a-service, data-as-a-service, and data analytics-as-a-service. Based on deployment model, the market is divided into public cloud, private cloud, and hybrid cloud. Based on organization size, the market is divided into small & medium enterprises and large enterprises. Based on Industry Vertical, the market is divided into BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing, and Others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Based on deployment model, the private cloud segment will dominate the market during the forecast period. Private cloud services are typically accessed through a private network or corporate WAN rather than an open Internet source since they are created particularly to meet the demands of an organization. These services provide seamless connectivity between cloud-hosted apps and internal applications and allow organizations to design their IT infrastructures by defining their needs for security and service-level agreements. Cloud access is more secure because private cloud environments are accessed through secure network connections rather than the open internet. Additionally, private clouds provide a fixed pricing structure as opposed to a pay-as-you-go model, allowing businesses to plan long-term growth and budget more effectively.

Enterprises that can estimate their workloads, need specialized customization, operate in regulated industries, and are required to adhere to governance and security standards find these benefits to be especially attractive. Industries such as finance and government are more likely to use a private cloud solution because the specialized infrastructure offers total control over data and applications.

Based on organization size, the large enterprises segment is expected to hold a majority of the market share during the forecast period. Due to their passionate pursuit of a larger market share in today's fiercely competitive environment, large businesses adopt BDaaS solutions at a high rate. These organizations typically have data dispersed across numerous departments. Large businesses are using on-demand services to take advantage of cloud-based big data analysis to extract useful insights from this clustered data. Large businesses are combining their internal and external data with cloud-based analytics to glean insightful information. Enterprises benefit from faster access to their data, due to the big data analytics. As a result, they invest a lot of money in learning new technologies. Major businesses use BDaaS solutions at a higher rate than small and medium-sized businesses (SMEs). Large businesses also invest a lot of money in education and training programmes to provide their staff members the tools they need to take full advantage of BDaaS solutions.

Key market players in the global big data as a service market are:

  • Microsoft Corporation
  • Oracle Corporation
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • Accenture
  • Teradata Corporation 
  • SAP SE
  • SAS Institute Inc.
  • Amazon Web Services, Inc.
  • International Business Machines Corporation (IBM)

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.


“The global big data as a service market is being driven by the increase in data growth brought on by digitalization and automation, as well as the increasing demand in industries for big data that may produce useful insights. Moreover, one of the factors anticipated to spur market expansion during the forecast period is the increase in connected devices on a global scale. Connected devices are being adopted by end-user industries for their commercial and production operations, including government, media & entertainment, retail, BFSI, and manufacturing,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Big Data as a Service Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F- By Solution Type (Hadoop-as-a-Service, Data-as-a-Service, and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small & Medium Enterprises and Large Enterprises), and By Industry Vertical (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing, and Others), and By Region and Competition” has evaluated the future growth potential of the global big data as a service market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global big data as a service market.


Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York  10017

Tel: +1-646-360-1656

Email: [email protected]

Website: www.techsciresearch.com

Relevant News