Big Data as a Service Market is estimated to be US$ 144.21 billion by 2030 with a CAGR of 27.1% during the forecast period

Big data as a service market accounted for US$ 13.44 billion in 2020 and is estimated to be US$ 144.21 billion by 2030 and is anticipated to register a CAGR of 27.1%. 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. Demand across different business vertical and investment made by prominent market players in research and development would create greater opportunities.

The report "Global Big Data as a Service Market, By Deployment (On-Premise, and Cloud (Private, Public, and Hybrid), By End User (IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, and Other End Users), and Region - Global Forecast to 2030". 

Key Highlights:

• In April 2019, IBM Corporation announced an agreement with Japan-based Fukui Bank. The partnership was aimed at migrating Fukui Bank's mission-critical workloads to IBM cloud, enabling the bank to support the native community development initiative. Furthermore. The agreement will help the bank to reduce migration time and costs.
• In May 2018, Oracle Corporation signed an agreement to acquire DataScience.com, whose platform centralizes data science tools, projects, and infrastructure in a fully-governed workspace. Oracle embeds AI and machine learning capabilities across its Software as a Service (SaaS) and Platform as a Service (PaaS) solutions, including big data, analytics, and security operations, to enable digital transformations.

Key Market Insights from the report:        

 The global big data as a service market accounted for US$ 13.44 billion in 2020 and is estimated to be US$ 144.21 billion by 2030 and is anticipated to register a CAGR of 27.1%. The market report has been segmented on the deployment, end-user, and region.

• By deployment, the private cloud dominates in this segment, as they ensure that no data is misplaced or lost, and provide the flexibility of control to modify resource configuration according to demand.
• By end-user, the BFSI is expected to account the highest revenue share, due to increasing regulatory scrutiny combined with improved customer satisfaction.
• By region, North America is projected to lead the global big data as a service market and is expected to remain dominant during the forecast period, owing to the presence of a large pool of established players.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Big Data as a Service Market”, By Deployment (On-Premise, and Cloud (Private, Public, and Hybrid), By End User (IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, and Other End Users), and by Region – global forecast till 2030

The prominent player operating in the global big data as a service market includes Amazon.com, Inc., International Business Machines (IBM) Corporation, SAP SE, Oracle Corporation, Google LLC, Microsoft Corporation, Dell Inc., Cloudera, Inc., Accenture plc, and Teradata Corporation.

About Prophecy Market Insights

Prophecy Market Insights is specialized in market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2574

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com