The global BDaaS Market size is anticipated to reach USD 51 billion by 2025.the progression of technological tools has facilitated solutions to be offered as a service. Due to this, Platform as a Service (PaaS), Software as a Service (SaaS), and Data as a Service (DaaS) have evolved as budding growth prospects for the Big Data industry participants.
The increasing need among businesses for effectively storing, processing, and managing massive datasets had given rise to the development of cloud-enabled big data analytics technologies, hence, promoting the BDaaS industry growth.
The global Big Data as a Service (BDaaS) market is projected to reach $76.47 Billion by 2030, growing at a CAGR of 23.19%
BDaaS provides an analysis of complex and huge datasets over a hosted service or the Internet. It includes statistical tools that enable users to achieve insights through these datasets. The enhanced use of social media analytics is also backing the growth of BDaaS in the past few years.
Big Data as a Service (BDaaS) Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$76.47 Billion|
|Growth Rate||CAGR of 23.19 % during 2022-2030|
|Segment Covered||by Services, by Deployment, by Industry , Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Oracle Corporation (US) IBM (US) Microsoft Corporation (US) Google (US) Amazon Web Services (US) SAP SE (Germany) New Relic (US) Arcadia Data (US) Cazena (US) Tableau Software (US) DataTorrent (US) VMware Inc (US) Hewlett-Packard (US) Splunk (US) DataHero (US) SAS Institute (US) and Teradata Corporation (US)|
Key Segment Of The Big Data as a Service (BDaaS) Market
By Services, 2022-2030 (USD Million)
• Haa S
• Daa S
• Aaa S
By Deployment, 2022-2030 (USD Million)
• On Premise
• On Demand
By Industry, 2022-2030 (USD Million)
• Media & Entertainment
Regional Overview, 2022-2030 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
In the developing nations, the demand for BDaaS is predominantly due to the growing necessity for structured data for performing out the analysis as well as deriving meaningful understandings. Additionally, the increasing use of social media and the internet has given rise to the generation of big data, thus, making it challenging for industry verticals such as automobile, retail, BFSI, and so on to manage data. Big Data as a Service has evolved as the primary data source for the retail businesses, through which they receive prompt feedback about their services and products. It also enables them to deliver customized solutions to match individual consumer preferences.
The growing acceptance of data-driven decision making has enabled businesses to make informed decisions with accountability and transparency. Data-driven decision making provides various advantages such as clustering datasets and association mining over traditional technologies. On the other hand, it provides enhanced capability to scale changes along with flexibility in a modeling change situation.
The global BDaaS Market contains both solution and service segment. The solution segment component has a maximum revenue share within the global BDaaS market in 2019. Data generated within the organizations throughout the verticals are growing at a staggering rate. This has given rise to businesses to emphasize on extracting insights through the generated data in several departments to gain a competitive advantage.
Organization Size Segment
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large segment gathered the largest Market revenue and it is anticipated to govern the BDaaS market throughout the forecast period. However, the small & medium segment is anticipated to grow at a substantial growth rate over the forecast period.
Based on the deployment segment, the market is bifurcated into two sub-segments that are public, and private. In 2019, the public segment gathered the largest Market revenue and it is anticipated to dominate the market throughout the forecast period. However, the private segment is anticipated to grow at a substantial growth rate over the forecast period. The private cloud allows organizations to have full control over their data and systems along with providing improved security.
Based on the application, the market is segmented into BFSI, telecom & IT, healthcare, retail, manufacturing, media & entertainment, and others. The Market for telecom & IT is anticipated to possess the largest market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing regulatory scrutiny coupled with enhanced customer satisfaction, as well as advantages such as risk management, fraud detection, and customized solutions is some of the factors responsible for the BDaaS demand.
The global BDaaS Market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the BDaaS applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the BDaaS market in North America.
The major players of the global BDaaS Market are Amazon, Inc., Microsoft Corporation, IBM Corporation, Cloudera, Inc., Oracle Corporation, SAP SE, Google LLC, Accenture plc, Dell Inc., Teradata Corporation, and more. The BDaaS market is fragmented with the existence of well-known global and domestic players across the globe.