Big Data as a Service (BDaaS) Market: Potential Growth, Share and Demand Analysis of Key Players | IBM, Microsoft, Oracle, SAP SE, Accenture, Google

The Big Data as a Service (BDaaS) market size is estimated to grow from USD 12 Billion in 2020 to USD 100 Billion by 2027, growing at a CAGR of 35.4% during the forecast year from 2021 to 2027.

MarketDigits recently released a brand-new research study on the international Big Data as a Service (BDaaS) market for the prediction period, 2021-2027. This research report provides a detailed outlook of this market with detailed info regarding drivers, restraints, opportunities, trends, and challenges, and which are the vital aspects which could influence the market results from the targeted years.

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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Big Data as a Service (BDaaS) Market, By Deployment (On-premise, Cloud), Component (Solutions, Services), End User (IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, Others), & Geography – Global Forecast To 2026”. Early buyers will get 10% customization on study.

To Avail deep insights of Big Data as a Service (BDaaS) Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Big Data as a Service (BDaaS) Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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The Big Data as a Service (BDaaS) market size is estimated to grow from USD 12 Billion in 2020 to USD 100 Billion by 2027, growing at a CAGR of 35.4% during the forecast year from 2021 to 2027. Factors expected to drive the growth of the BDaaS market include the growing demand in industries to gain actionable insights and growing organizational data across industries due to digitalization and automation of business processes.

Key Market Players
The major players in the BDaaS market are IBM (US), Oracle (US), Microsoft (US), Google (US), AWS (US), SAP (Germany), Teradata (US), SAS (US), Dell Technologies (US), HPE (US), CenturyLink (US), Splunk (US), Cloudera (US), Salesforce (US), Qubole (US), GoodData (US), Hitachi Vantara (US), IRI (US), 1010data (US), and Guavus (US).

Solutions segment to hold a larger market size during the forecast period

The Big Data as a Service market by component includes solutions and services. The solutions segment is estimated to hold a larger market size during the forecast period. Data generated in enterprises across industry verticals is increasing at a rapid rate. This has led to organizations emphasizing on extracting and leveraging insights from the enormous amount of big data generated in various departments to gain a competitive edge. Hence, organizations are looking forward to adopting BDaaS solutions, which facilitate them to collect, store, and analyze the massive volume of data. This is expected to fuel the demand for the BDaaS solutions.

Public cloud to hold the largest market size during the forecast period

Based on deployment type, the BDaaS market has been segmented into public cloud, hybrid cloud, and private cloud. BDaaS solutions enable organizations to lessen the cost of Information Technology (IT) infrastructure, software, storage, and technical staff. These solutions can be deployed on the public, private, and hybrid cloud as per client requirements. The public cloud is expected to hold the largest market size as it offers cost-efficiency to its clients. The private cloud enables organizations to have full control over their systems and data with enhanced security and the hybrid cloud enables organizations to leverage the advantages of both private and public cloud as it offers both cost-efficiency and enhanced security.

Large enterprises to hold a majority of the market share during the forecast period

The adoption of BDaaS solutions among large enterprises is high as in today’s highly competitive world, large enterprises leave no stone unturned to capture a higher market share. Generally, these organizations have distributed data scattered over various departments. In order to gain valuable insights out of this clustered data, large enterprises are deploying on-demand services to leverage the benefits of cloud-based analysis of big data. Large enterprises are using cloud-based analytics to combine their external and internal information and to extract valuable insights out of it. Big data analytics provide enterprises with faster access to their data. Hence, they spend significant amounts to become technologically proficient, owing to which the adoption of BDaaS solutions is higher among the large enterprises as compared to Small and Medium-sized Enterprises (SMEs). Large enterprises also spend a significant amount on training workshops and education to enable their employees to effectively leverage the benefits of BDaaS solutions.

North America to account for the largest market size during the forecast period

The global Big Data as a Service market by region covers five major geographic regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to account for the largest market size during the forecast period due to the presence of large number of BDaaS vendors. A rising inclination of American companies to leverage advanced technologies, such as advanced analytics, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and cloud to boost the adoption of BDaaS solutions.

Major Classifications are as follows:

By Deployment

• On-premise
• Cloud

By Component

• Solutions
• Services

By End-user

• IT and Telecommunication
• Energy and Power
• BFSI
• Healthcare
• Retail
• Manufacturing
• Others

An excellent Big Data as a Service (BDaaS) Market research report can be generated only with the leading attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology & dedication. Hence, all the above aspects are firmly followed by MarketDigits team while building this Big Data as a Service (BDaaS) market report for a client. Furthermore, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate Big Data as a Service (BDaaS) Market research report. With Big Data as a Service (BDaaS) Market report, build a strong organization and make better decisions that take business on the right track.

Major Points Covered In This Report:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Big Data as a Service (BDaaS) Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 9. Market Driving Force

And More…

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