Big data as a Service Market is expected to reach 48900 million US$ by the end of 2025: QY Research

This report studies the global Big data as a Service market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Big data as a Service market by companies, region, type and end-use industry.

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 gained from large information sets in order to gain a competitive advantage.

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Global data as a service market is growing at a faster pace owing to the increasing demand for statistical analysis since the massive amount of unstructured data is generated almost at regular interval of time from the various organization. The organizations outsource the big data service to manage the large data rather than doing it in-house. The big data as a service is often offered by various ways, for instance, big data analytics software as a service, as data fabric which includes data management and the data the aggregation. It can also be offered as data platform service which mostly covers the analytical programming, and also as cloud infrastructure. The big global data as a service market is expected to grow at significantly high CAGR owing the robust demand for service offerings.

Rapid technological developments in the information technology sector and increasing business operations mark Asia-Pacific (APAC) as the most important market for Big Data in banking during the forecast period. The biggest contributors to this market are China and India that account for most of the revenue in the APAC region. Many organizations in the APAC region are increasingly depending on digital systems to realize their goals. Several vendors such as SAP and IBM provide wide-range of Big Data analytics services to banks in the region. Some of the core capabilities of these services include real-time monitoring, big cloud services, and other customized dashboards for easier retrieval of data to ease the workflows. These tools enable organizations for on-the-resource planning and offer modified plans to aid decision-making.

North America dominates the market owing to the presence of establishes players such as Microsoft Corporation, Hewlett-Packard Enterprise Development LP, International Business Machines Corporation, etc.

In 2017, the global Big data as a Service market size was 16000 million US$ and it is expected to reach 48900 million US$ by the end of 2025, with a CAGR of 15.0% during 2018-2025.

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This report focuses on the global top players, covered

Hewlett Packard Enterprise Development

IBM

Microsoft Corporation

SAP

SAS Institute

Teradata Corporation

Accenture

Oracle

SunGard Data Systems

MapR Technologies

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Market segment by Type, the product can be split into

Hadoop-as-a-Service (HDaaS)

Data Analytics-as-a-Service (DAaaS)

Data-as-a-Service (DaaS)

Market segment by Application, split into

Banking & Financial Services

Retail

Manufacturing

Energy & Utilities

Healthcare

Public Sector

Media & Entertainment

Others

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