Big Data as a Service (BDaaS) Market Global Trend, Demand, Scope, Growth Analysis and Industry Forecast 2021 -2028
The global big data as a service (BDaaS) market size reached USD 14.88 Billion in 2020 and is expected to register a CAGR of 31.2% during the forecast period, according to latest analysis by Emergen Research. Robust market revenue growth is expected to be driven by increasing need to reduce costs of in-house big data infrastructure. Rising demand for big data as a service solution to improve decision-making abilities and Return On Investment (ROI) is also expected to augment market growth over the forecast period. Increasing usage of social media analytics is expected to boost global big data as a service (BDaaS) market growth going ahead.
However, difficulties in gaining useful insights from vast data volumes from various sources is expected to hamper growth of the global big data as a service (BDaaS) market to a certain extent over the forecast period.
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Global Big Data as a Service (BDaaS) Market research report offers a panoramic view of the Big Data as a Service (BDaaS) market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Big Data as a Service (BDaaS) market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Major players in the market include International Business Machines Corporation, Oracle Corporation, Accenture plc, Hewlett Packard Enterprise, Google LLC, Cloudera, Inc., Teradata Corporation, Dell Technologies Inc., CenturyLink, Inc., and SAP SE
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Key Findings from the Report:
Solution segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing amount of data generated in businesses across various sectors is expected to boost revenue growth this segment going ahead.
The hadoop-as-a-service segment is expected to lead in terms of revenue over the forecast period due to increasing number of businesses around the world utilizing cloud data storage regularly.
The public cloud segment is expected to lead in terms of revenue over the forecast period due to rising implementation of public cloud-based big data as a service (BDaaS) solution across various industries.
Emergen Research has segmented the global big data as a service (BDaaS) market on the basis of component, solution, deployment, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Services
Solution
Solution Outlook (Revenue, USD Billion; 2018–2028)
Data-as-a-Service
Hadoop-as-a-Service
Data Analytics-as-a-Service
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Private Cloud
Public Cloud
Hybrid Cloud
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Manufacturing
Healthcare
BFSI
Media and Entertainment
IT & Telecom
Retail & Consumer Goods
Government
Others
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Regional Bifurcation of the Big Data as a Service (BDaaS) Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
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