Big Data as a Service (BDaaS) Market: A Look at the Industry's Current Status and Future Outlook
The report aims to offers a thorough outlook of the Big Data as a Service Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Big Data as a Service Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline
The global Big Data as a Service (BDaaS) market size reached USD 18.42 Billion in 2021 and is expected to register a revenue CAGR of 30.3% during the forecast period, according to latest analysis by Emergen Research. Key factors such as increasing demand for better data storage scalability and effective big data solutions are projected to drive market revenue growth between 2022 and 2030. Majority of businesses prioritize data integration and big data projects.
Currently, organizations are generating a vast volume of data (by the minute), which requires adequate storage scalability. Data scalability is the ability of data processing systems to expand their processing capabilities as data volume increases substantially.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Major companies in the market report include Oracle Corporation, SAP SE, International Business Machines Corporation (IBM), Accenture PLC, Hewlett Packard Enterprise, Dell Technologies Inc., Teradata Corporation, Cloudera, Inc., CenturyLink, Inc., Qubole, Inc., Microsoft Corporation, Google LLC, SAS Institute Inc., and GoodData Corporation.
Objectives of the Report:
Industrial structure analysis of the Big Data as a Service market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Big Data as a Service market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Big Data as a Service market
Comprehensive analysis of competitive developments such as expansions, agreements,
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The report studies the historical data of the Big Data as a Service Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented global big data as a service market on the basis of solution, component, deployment, organization size, end-use, and region:
Solution Outlook (Revenue, USD Billion; 2019–2030)
Component Outlook (Revenue, USD Billion; 2019–2030)
Deployment Outlook (Revenue, USD Billion; 2019–2030)
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
Small and Medium-Sized Enterprises
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Banking, Financial Services and Insurance (BFSI)
Media and Entertainment
Information Technology & Telecom
Retail & Ecommerce
The report sheds light on the region expected to dominate the Big Data as a Service market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyse the spread of the Big Data as a Service market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Key Points of Big Data as a Service Market:
Banking, Financial Services and Insurance (BFSI) segment accounted for largest share of the big data as a service market in 2021. Fraud is one of the major challenges faced by the BFSI industry, which can be resolved or achieved through big data as a service.
Solutions like fraud identification and risk management make it a major challenge and steps being taken or strategies being sensibly or smartly deployed in the BFSI industry are costly, but deterrence against such possibilities and investments across the potential attack points are expected to drive customer trust and also increase credibility and drive revenue growth of this segment during the forecast period.
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