Resource Data

BDaaS (Big Data as A Service) Market Size to Reach $101 Billion by 2028, at a CAGR of 27.4% (Including COVID-19 Impact Analysis): Zion Market Research

NEW YORK, February 25, 2022 /PRNewswire/ — According to Zion Market Research, The global Big Data as a Service (BDaaS) market represented $11.3 billion in 2019 and is expected to reach $101 billion by 2028, growing at a CAGR of 27.4% from 2021 to 2028.

Read the market research report “Big Data as a Service (BDaaS) Market by Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), by Solution (Hadoop-as-a-Service, Data-as-a-Service, and Data Analytics-as-a -Service), by Business Size (Small-Medium and Large Enterprises), by End-Use (BFSI, Manufacturing, Retail, Media & Entertainment, Healthcare, IT & Telecom, and Others): Global Perspective of Industry, Comprehensive Analysis and Forecast, 2020 – 2028.”

Big Data as a Service (BDaaS) is an informational or statistical tool that, through the analysis of detailed data, provides information to the organization so that it gains a competitive advantage. This is provided by a service provider outside the organization. This helps the organization to lighten its resources as it manages unstructured data which is mostly generated on a regular basis. It often runs on a cloud storage service so that the organization as well as the external provider can access the information.

COVID-19 impact analysis

Covid-19, as it had impacted other industries, also had a fair share of effect on the big data as a service (BDaaS) market. Since the pandemic caused shutdowns everywhere, many industries have been closed or not operational for a significant period of time. Thus, the demand for big data as a service (BDaaS) has declined globally. Sectors that have been opened up as essential services have not brought the necessary growth to the market. However, as the operations of the industries were remote, its requirement for the big data as a service (BDaaS) market was seen.

Growth factors:

As Big Data continues to grow in various organizations, the Big Data as a Service (BDaaS) market will witness significant growth. Additionally, the need for structured data in various organizations is driving the growth of the Big Data as a Service (BDaaS) market. Due to the pandemic, the need to adopt cloud services and related items have also increased. Thus, facilitating the revival of the big data as a service (BDaaS) market. To gain a competitive advantage, organizations must understand and use the insights gained from large sets of information. All these advantages offered by BDaaS add up to its surge in demand in several sectors and drive the growth of the global market.

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The presence of major players in the region supports North American dominance:

With the greater part, North America was a top regional market for big data as a service (BDaaS) in 2020, followed by Asia Pacific. North America expected to be the fastest growing region for Big Data as a Service (BDaaS) market. The presence of a large number of big data providers in the region is expected to boost the market. The openness of organizations to adopting new technologies such as advanced analytics, artificial intelligence, machine learning, Internet of Things and cloud services acts as a catalyst for growth. the Asia The Pacific region is also expected to grow over a period of time. countries such as India, Japan, China, among others, are driving the market growth in the region. The growth of SMBs and retailers that have adopted big data as a service (BDaaS) will further accelerate in the years to come.

Report Scope:

Report attribute

Details

Market size value in 2019

$11.3 billion

Revenue forecast in 2028

$100 billion

Rate of growth

CAGR of almost 27.4% 2021-2028

base year

2020

Historical years

2016 – 2020

Forecast years

2021 – 2028

Segments Covered

By product type, by application and by end use

Forecast units

Value (USD billion) and volume (units)

Quantitative units

Revenue in USD Million/Billion and CAGR from 2021 to 2028

Regions covered

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and Rest of the World

Countries covered

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others

Companies covered

Amazon Web Services, Inc., Hewlett Packard Enterprise (HP), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc, Teradata Corporation, Google, Accenture, among others.

Report cover

Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.

Scope of customization

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The global big data as a service (bdaas) market is segmented as follows:

Big Data as a Service (bdaas) Market: By Deployment Outlook (2021-2028)

  • public cloud
  • Private cloud
  • hybrid cloud

Big Data as a Service (bdaas) Market: By Outlook Component (2021-2028)

Big Data as a Service (bdaas) Market: By Outlook Solution (2021-2028)

  • Hadoop as a service
  • Data as a Service
  • Data Analytics as a Service

Big Data as a Service (bdaas) Market: Outlook by Company Size (2021-2028)

  • Small and medium enterprises
  • Big business

Big Data as a Service (bdaas) Market: By End-Use Perspective (2021-2028)

  • BFSI
  • Manufacturing
  • Retail
  • Media and entertainment
  • Health care
  • IT & Telecommunications
  • Others

Big Data as a Service (bdaas) Market: Outlook by Region (2021-2028)

North America

Europe

  • France
  • Great Britain
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

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Our free sample report includes:

  • 2021 Updated Report Introduction, Industry Overview and In-Depth Analysis
  • Impact analysis of the COVID-19 outbreak included
  • 125+ page research report (Inclusion of updated research)
  • Provide guidance by chapter upon request
  • Regional analysis updated in 2021 with graphical representation of size, share and trends
  • Includes an updated list of tables and figures
  • The updated report includes key market players with their business strategy, sales volume, and revenue analysis
  • Zion Market Research Methodology

List of Big Data as a Service (bdaas) Market Major Players:

  • Amazon Web Services Inc.
  • Hewlett Packard Enterprise (HP)
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Teradata Company
  • google
  • Accenture
  • Others.

Answers to key questions in this report:

  • What is the growth rate forecast and market size for the Big Data as a Service (bdaas) market?
  • What are the major driving factors propelling the Big Data as a Service (bdaas) market forward?
  • Which are the most prominent companies in the Big Data as a Service (bdaas) market?
  • What segments does the Big Data as a Service (bdaas) market cover?
  • How can I receive a free copy of the sample Big Data as a Service (bdaas) market report and company profiles?

Press release for Big Data as a Service (bdaas) Market: https://www.zionmarketresearch.com/news/big-data-as-a-service-bdaas-market

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