The rapid advancement of cloud AI, IoT, ML, coupled with usage of cloud-based data analytics solutions drives the demand for Big Data as a Service (BDaaS) market
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 enhanced use of social media analytics is also backing the growth of BDaaS in the past few years. Considering these factors, it is expected that the global Big Data as a Service (BDaaS) market size will surpass USD 51 billion by 2025. 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 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 global BDaaS market contains both solution and service segment. The solution segment of the POS 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.
The report also throws light on various aspects of the global BDaaS by assessing the market using value chain analysis. The report covers several qualitative aspects of the BDaaS industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global BDaaS market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
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.
Segment Overview of Global Big Data as a Service (BDaaS) Market
Component Overview, 2018-2025 (USD Billion)
- Data Analytics as a Service
- Hadoop as a Service
Organization Size Overview, 2018-2025 (USD Billion)
- Small & Medium
Deployment Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
- Telecom & IT
- Media & Entertainment
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America