Global Big Data as a Service Market is valued approximately at USD 8.7 billion in 2018 and is anticipated to grow with a growth rate of more than 30% over the forecast period 2019-2026.
Big Data as a Service is a combination of cloud computing platform and big data analytics technologies, that offers analysis of large and complex datasets over the internet or as a hosted service. Big data as a service help user to reduce the cost and time for the deployment of big data projects and enable organizations to manage big data on the cloud and allows departments to easily access data.
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Rapid demand in industries to gain actionable insights from big data and growth on data due to digitization and automation are the few factors responsible for high CAGR of the market over the forecast period. For instance, as per Statista, the global demand for data storage was 400 exabytes and supply for data storage was 400 exabytes in 2009 and is anticipated to rise 42,700 exabytes of demand for data storage and 24,800 exabytes of supply for data storage in 2020.
Further, Bdaas solutions to enhance roi and decision-making capabilities and rising advancements of cloud Ai, MI, Iot and Advanced analytics is opportunistic factor for this market. However, complexity in extracting valuable insights out of humongous data source is the major factor restricting the growth of global Big Data as a Service market during the forecast period.
The regional analysis of global Big Data as a Service Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to the presence of large number of BDaaS vendors. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
Google LLC
Microsoft Corporation
Amazon Web Services
IBM Corporation
Oracle Corporation
SAP
Teradata Corporation
SAS
Dell Inc.
Hewlett Packard Enterprise
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Organization Size:
Large Enterprises
Small and Medium-Sized Enterprises
By Deployment Type:
Public Cloud
Hybrid Cloud
Private Cloud
By Industry Vertical:
Banking, Financial Services, and Insurance
IT and Telecom
Healthcare and Life Sciences
Ecommerce and Retail
Manufacturing
Media and Entertainment
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Big Data as a Service Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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