Big Data As A Service Market Overview
Introduction:
Big data as a service (bdaas) is the delivery of statistical analysis tools or information by an outside provider that helps organizations understand and use insights from large information sets to gain a competitive advantage. Big data services have the potential to shift rivalry, opening up numerous new avenues for differentiation and value-added services. Big data as a service can be in the form of software or terms of a contract for a team of data analysts. Big data as a service is carried out to be able to aid organizations in understanding as well as gaining more of an idea about insights that can be derived from large amounts of information. The 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%.
Big Data As A Service Market Dynamics
Increasing Requirement of Structured Data for Analysis
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, etc. 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 a service market owing to its flexibility in delivery models which is mostly considered as the best approach for business users. The evolution of technological tools has enabled solutions to be delivered as a service. Owing to this, software as a service (SAAS), platform as a service (PAAS), and data as a service (DAAS) have emerged as potential growth opportunities for big data vendors. Owing to the benefits the technology offers, computing is witnessing a rapid increase in its adoption. Further, governments are supporting open data technology. The increased use of social media analytics is also contributing to the increased demand for big data as a service (bdaas). However, challenges associated with privacy has hampered the growth of the big data market to a greater extent. On the other hand, demand across different business vertical and investment made by prominent market players in research and development would create greater opportunities.
Big Data As A Service Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global big data as a service market is segmented based on deployment, end-user, and region.
Based on deployment, the global big data as a service market is classified into on-premise, and cloud. The cloud is further segmented into private, public, and hybrid. Private cloud services are explicitly designed for the organization's needs. They are usually offered via a private network or corporate wan, rather than an open internet source. In a private cloud, both infrastructure and services are always maintained on a private network, and software and hardware are dedicated solely to the client organization. They ensure that no data is misplaced or lost, and provide the flexibility of control to modify resource configuration according to demand. Based on end-user, the target market is bifurcated into it and telecommunication, energy and power, BFSI, healthcare, retail, manufacturing, and other end users. The BFSI segment accounted for the largest market share in 2018. This growth can be attributed to the increasing regulatory scrutiny combined with improved customer satisfaction, including benefits such as fraud detection, risk management, and customized solutions. Big data as a service helps address issues such as fraud, which is a primary concern in the banking industry.
Regional Insights:
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%. Based on the region the global big data as a service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global big data as a service market as most of the major vendors in the market and the adoption of Big data services is very high in the regional discrete manufacturing, banking, process manufacturing, professional services, and federal/central government sectors
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Deployment- On-Premise and Cloud By End-user– IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, and Other |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global big data as service market report based on deployments, end-user and region.
Global Big Data as a Service Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Big Data As A Service Market Key Players
The key players operating the global Big Data as a Service market involves 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. For instance, 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 banks to reduce migration time and costs.
Big Data As A Service Market Company Profile
- Amazon.com, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- International Business Machines (IBM) Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SAP SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Google LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dell Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cloudera, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accenture plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Teradata Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Big Data As A Service Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Big Data as a Service Strategies
- Key Questions this Study will Answer
- Market Snippet, By Deployment
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Big Data as a Service Market, By Deployment, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- On-Premise
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Private
- Public
- Hybrid
- Overview
- Global Big Data as a Service Market, By End User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- IT and Telecommunication
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Energy and Power
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- BFSI
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Retail
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other End Users
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Big Data as a Service Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Amazon.com, Inc.
- Company Overview
- Product and Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- International Business Machines (IBM) Corporation
- SAP SE
- Oracle Corporation
- Google LLC
- Microsoft Corporation
- Dell Inc.
- Cloudera, Inc.
- Accenture plc
- Teradata Corporation
- Amazon.com, Inc.
-
- The Last Word
- Future Impact
- About Us
- Contact
Big Data As A Service Market Highlights
FAQs
The global big data as service market is segmented based on deployment, end user and region
Rising requirement of structured data for analysis is the major factor driving growth of the global market.
The market in North America accounts highest revenue share to the global big data as a service market as most of the major vendors in the market and the adoption of big data services is very high in the regional discrete manufacturing, banking, process manufacturing, professional services, and federal/central government sectors.
The key players operating the global Big Data as a Service market involves 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.