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Learn details of the big data as a service market forecast to 2022

Learn details of the big data as a service market forecast to 2022

The BDaaS Market is expected to grow from USD 1.8 Billion in 2015 to USD 7.0 Billion in 2022 at a CAGR of 33.5% during the forecast period from 2015 to 2022.

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Big data as a service is considered as the delivery of statistical analysis information from a third party or a service provider that helps the organization to understand the insights with an objective to achieve competitive advantage. Global data as a service market is growing at a faster pace owing to the increasing demand for statistical analysis since the massive amount of unstructured data is generated almost at regular interval of time from the various organization.

The organizations outsource the big data service to manage the large data rather than doing it in-house. The big data as a service is often offered by various ways, for instance, big data analytics software as a service, as data fabric which includes data management and the data the aggregation.

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It can also be offered as data platform service which mostly covers the analytical programming, and also as cloud infrastructure. The big global data as a service market is expected to grow at significantly high CAGR owing the robust demand for service offerings.

Global big data as a service market is primarily driven by 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.

The conclusions driven by the use of big data are accurate with novel insights when compared to traditional analytics is also one of the factors driving the big global data as a service market. Moreover, the expansion of big data analytics, covering data from intelligent systems such as smart meters, in-vehicle infotainment, sensors,.

further boosts the big global data as a service market. The current growth of cloud computing is also expected to impulse the big data as service market owing to its flexibility in delivery models which is mostly considered as the best approach for business users. 

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On the basis of solution type, big data as a service market is segmented into:-

  • Hadoop-as-a-Service (HDaaS)
  • Data Analytics-as-a-Service (DAaaS)
  • Data-as-a-Service (DaaS)

On the basis of deployment model type, big data as a service market is segmented into:-

  • Public cloud
  • Private cloud
  • Hybrid cloud

On the basis of platform type, big data as a service market is segmented into:-

  • JAVA
  • Microsoft
  • Oracle
  • SAP
  • Others

On the basis of end use industries, big data as a service market is segmented into:-

  • Banking & Financial Services
  • Retail
  • Manufacturing
  • Energy & Utilities
  • Healthcare
  • Public Sector
  • Media & Entertainment
  • Others

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

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