Big Data as a Service Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025 | Grand View Research Inc.
The global big data as a service (BDaaS) market is estimated to reach USD 51.9 billion by 2025, registering a CAGR of 38.7% over the forecast period, according to a new study by Grand View Research, Inc. The combination of big data analytics technologies and cloud computing platforms has led to the development of Big Data as a Service or BDaaS. BDaaS offers analyses of large and complex datasets over the Internet or as cloud-hosted services. The increasing requirement of structured data for analyses, which helps organizations achieve targets, coupled with the growing number of social media platforms and users accessing accessible multimedia content on the Internet, such as videos, audio, and text, are anticipated to drive the market growth over the forecast period. Data-Driven Decision Making (DDDM) helps in addressing the problem of unstructured data analysis and enables organizations to make more informed decisions with transparency and accountability. It also offers increased capacity to scale changes and flexibility in modeling change scenarios, among others. For instance, Google has created a People Analytics Department that supports the organization in making decisions with fact-based data. In this department, Google has created a group called Information Lab, which includes social scientists who conduct innovative research that has changed the organizational practice within the company. The growing adoption of social media analytics in BDaaS to monitor consumer preferences and offer personalization insights is anticipated to propel market growth over the forecast
period. Moreover, the increasing importance of sentiment analysis has also encouraged enterprises to integrate social media into their business processes. This has resulted in a large amount of data being stored by organizations, which in turn, is expected to propel market growth over the forecast period. Big Data as a Service Market Report Highlights
The global market is anticipated to witness substantial growth owing to the increasing requirement of structured data for analysis and long-term data retention over the forecast period
The hybrid cloud segment is expected to register a CAGR exceeding 40% over the forecast period owing to benefits it provides in terms of cost efficiency, scalability, flexibility, and security
Hadoop-as-a-Service emerged as the dominant segment in 2018 owing to the large number of companies frequently accessing virtual storage and analysis of data on the cloud across the globe
North America captured a significant share in the global BDaaS market owing to the increasing government funding to support big data projects in the U.S. and high penetration of e-commerce in the region
The APAC market is estimated to showcase significant growth over the forecast period owing to the high rate of penetration of smartphones and internet users in Brazil and Mexico
Key market players operating in the Big Data as a Service market, including Amazon Inc., IBM Corporation, and Dell Inc., are focused on expanding their market presence and targeting new customers through mergers and acquisitions.
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Big Data as a Service Market Segmentation Grand View Research has segmented the global Big Data as a Service market based on deployment, solution, enterprise size, end use, and region: Big Data as a Service Deployment Outlook (Revenue, USD Million, 2015 2025)
Public Cloud
Private Cloud
Hybrid Cloud
Big Data as a Service Solution Outlook (Revenue, USD Million, 2015 2025)
Hadoop-as-a-Service
Data-as-a-Service
Data Analytics-as-a-Service
Big Data as a Service Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)
Small and Medium-sized Business
Large Enterprise
Big Data as a Service End Use Outlook (Revenue, USD Million, 2015 2025)
BFSI
Manufacturing
Retail
Media & Entertainment
Healthcare
IT & Telecommunication
Government
Others
Big Data as a Service Regional Outlook (Revenue, USD Million, 2015 2025)
North America o
U.S.
o
Canada
Europe o
U.K.
o
Germany
Asia Pacific o
China
o
India
o
Japan
Latin America o
Brazil
o
Mexico
Middle East & Africa (MEA)
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Table of Content
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Market Summary 2.2. Big Data as a Service Market, 2015 - 2025 Chapter 3. Market Variables, Trends, & Scope Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2015 - 2025 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis 3.4.3. Market opportunity analysis 3.5. Penetration & Growth Prospects Mapping 3.6. Industry Analysis - Porter's Five Forces Analysis 3.7. PEST Analysis Continue……… About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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