Global Big Data as a Service Market - Leading Players, Segments Analysis and Growth by Forecast to 2023

Global Big Data as a Service Market Information, by Services (HaaS, DaaS, AaaS), by Deployment (On-Premise, On-Demand, Hybrid), by Industry (BFSI, Manufacturing, Retail, Healthcare, Media & Entertainment, Government), Organization Size - Forecast 2022

Market Overview

in its recently published research report, Market Research Future (MRFR), asserts that the global big data as a service market is thriving and expected to grow exponentially over the review period, recording a significant market valuation of USD 18 billion and a healthy CAGR of 28% in the forecast period.

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Drivers and Restraints

One of the main factors driving the growth of big data as a service market is the growing need of structured data analysis. As the amount of data keeps on rising, there is a huge necessity of data analysis supporting the organizations to achieve their tasks and complete their requirements. Moreover, there is a huge demand for predictive analysis and data science, which is also expected to drive the market growth. The proliferation of various real time information from sources including but not restricting to social media, mobile devices, log files and others. has played a crucial role in the growth of the big data market. Moreover, the development of big data analytics, covering data from intelligent systems such as smart meters, in-vehicle infotainment, sensors, etc. further fuel the big global data as a service market. The current growth of cloud computing is also likely to impulse big data as service market owing to its flexibility in deployment models which is mostly considered as the best approach for business users. However, challenges associated with privacy has hindered the growth of the big data market to a larger extent. On the other hand, the demand across different business verticals and investments made by major market players in research and development is likely create greater opportunities.

Segmental Analysis

On the basis of the services, the global big data as a service market is segmented into DaaS (Data as a Service), HaaS (Hadoop as a Service), and AaaS (Analytics as a Service).

Based on the deployment, the big data as a service market is divided into on-premise, on-cloud, and hybrid.

By industry, the market for big data as a service is classified into BFSI, manufacturing, retail, healthcare, media & entertainment, government among other.

Based on the organization size, the global big data as a service market is categorized into the small and medium enterprise and large enterprise.

Regional Analysis

The geographic analysis of the global big data as a service market has been carried out in four major regions, covering North America, the Asia Pacific, Europe, and the rest of the world (the Middle East and Africa, Latin America,). Among these regions and countries mentioned above, the big data as a service market was largely led by North America in 2016. North American market for big data as a service is much occupied by various key players, such as Dell, HP, IBM, and Cisco, driving the U.S. to surface as the leading regional market for big data as a service in North America since a majority of them reside in the United States. Additionally, the higher adoption of big data as a service across numerous industrial segments supports the growth of this market in North America. North America accounts for more than 60% of the top leading players offering services in big data as a service market. Europe and North America are the technologically improved regions, and the factors influencing the growth of this market is increasing implementation of advanced big data as a service features.

The big data as a service market in Europe is experiencing a substantial change. The market for big data as a service has seen an augmented application in IT & telecommunication sector. There are many advancements being done in the big data and technologies related to it.  Equating with North America, Europe lacks most of the prominent players.

Competitive Analysis

The top market players functioning in the global big data as a service market as identified by MRFR are Oracle Corporation (U.S.), IBM (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Amazon Web Services (U.S.), SAP SE (Germany), Arcadia Data (U.S.), Cazena (U.S.), DataTorrent (U.S.), Hewlett-Packard (HP) (U.S.), DataHero (U.S.), Teradata Corporation (U.S.), SAS Institute  (U.S.), and others.

Other market players include New Relic (U.S.), Tableau Software (U.S.), Splunk (U.S.), VMware, Inc (U.S.), among others. The Key players are likely to continue innovating and invest more in R&D to create a cost-effective portfolio.

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