Big Data as a Service Market Share, Historical Analysis, Emerging Trends, Development Status, Competitive Landscape and Comprehensive Research Study Till 2022

Market Research Future published a research report on “Global Big Data as a Service Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India - December 13, 2018 /MarketersMedia/

Big Data as a Service Global Market - Overview

Big data as a service (BDaaS) is a statistical tool which delivers the information by an outside provider. This helps the organization to understand and gain insights from large information set. The factors driving the growth of big data as service market is the increasing requirement of structured data for analysis which helps the organizations to achieve targets and grow at a faster pace. The demand for data science and predictive analysis is increasing which boosts the big global data as a service market. According to a recent study report published by the Market Research Future, The global market of Big Data as a Service (FPGA) is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

Other factors such as the proliferation of several real time information from sources including but not limiting to social media, mobile devices, log files etc. has played a vital role in the growth of the big data market. However, challenges associated with privacy has hampered the growth of the big data market to a greater extent. On the other hand, demand across different business vertical and investment made by prominent market players in research and development would create greater opportunities.

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The aspects such as the emergence of social media analytics to spur market growth during the forecast period. Over the past few years, social media has emerged as a primary data source for most retail organizations as they can obtain instant feedback about their products and services through blogs and social networking sites. A rapid increase in the number of social media sites has created an augmented demand to track user interactions on these sites. Moreover, the increasing importance of sentiment analysis and advances in text analysis have prompted organizations to integrate social media into their business process. This has resulted in huge amount of data stored by an enterprise, which will, in turn, impel the growth prospects of the Big Data as a Service Market over the predicted period.

Latest Industry News

12 JUL 2018 Microsoft has upgraded the self-service data preparation capabilities in Power Business Intelligence (BI) to help business users extract more meaningful insights from big data stored in their software-as-a-service (SaaS) applications and other sources using familiar tools.

19 JUL 2018 Chinese ride-sharing giant Didi Chuxing has announced that ways to export its AI and strength in big data to become a global enterprise are being explored. In a joint venture with Japanese tech giant SoftBank, Didi Chuxing is planning to bring taxi ride services to Japan.

Key Players

The prominent players in the market of BDaaS are- IBM (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Google (U.S.), SAP SE (Germany), Cazena (U.S.), Arcadia Data (U.S.), DataTorrent (U.S.), DataHero (U.S.) among others.

Big Data as a Service Global Market - Segmentation

The Big Data as a Service Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Service: Comprises HaaS, DaaS and AaaS.
• Segmentation by Deployment: Comprises On-Premises, On-Demand, Hybrid.
• Segmentation by Application: Comprises BFSI, Manufacturing, Retail, Healthcare, Media & Entertainment and Government among other.
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Big Data as a Service Global Market - Regional Analysis

The regional segmentation of BDaaS global market segments this market into regions namely North America, Europe, Asia Pacific and rest of the world (RoW). Due to the high-speed internet being the basic requirement for any kind of BDaaS, North America is the biggest market for BDaaS with the United States of America (USA) being the greatest market in the continent. As big markets for BDaaS, Canada, and Mexico. Higher adoption of BDaaS across various industrial segments contributes towards the growth of this market in North America. In Europe, BDaaS market is set to rise significantly with increased application in IT & telecommunication sector. After North America, Europe is the biggest market for BDaaS, and the biggest markets here include France, Germany, and the United Kingdom (UK). More than 60% of key players in BDaaS global market are based in North America.

In the Asia Pacific, internet and cloud infrastructure facilities are still at a developing stage. However, due to high population, labor for IT industry is cheap here (especially in India). Therefore, demand for BDaaS is the high Asia Pacific is high, and it remains a lucrative market for BDaaS. Maximum revenue from Asia Pacific market comes from China, India, and Japan, with rest of Asia Pacific countries following the lead of these three countries. RoW countries for BDaaS market are in Africa, Middle East, and South America. Due to poverty, poor IT infrastructure, and limited internet availability, BDaaS market is small here, and its slow but steady growth is expected during the forecast period.

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Intended Audience

• Big Data as a Service services providers
• Network Component providers
• Hadoop service providers
• Software Developers
• Analytics software developers
• Government Agencies
• Electronic Device Manufacturers
• Value-Added Resellers
• Security agencies
• Research Firms

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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/big-data-as-a-service-market-share-historical-analysis-emerging-trends-development-status-competitive-landscape-and-comprehensive-research-study-till-2022/459070

Source: MarketersMedia

Release ID: 459070

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