Press release
Big Data as a Service: Identify Industry Players Unseen Development Activity Shaping Market
Big Data as a Service Market
Request a sample report @ https://www.htfmarketreport.com/sample-report/2018695-global-big-data-as-a-service-market
Summary
Industry Background:
Big data as a service (BDaaS) refers to the delivery of statistical tool for analyzing data by a third party provider which helps organizations to understand insights of the large volume of data. The demand for predictive analysis and data science is growing which drives the big global big data as a service market. Increasing demand for big data as a service from the BFSI sector to streamline payment delivery process. For instance, According to a World Bank report in 2017, approximately USD 613 billion worth of financial transactions were processed across international lines this is expected to boost the demand for big data as a service market. Further, technological advancement in Incorporation of Cloud Computing and Big Data analytics solution and increasing demand from small and medium enterprises boosting the demand for big data as a service market.According to AMA, the market for Big Data As A Service is expected to register a CAGR of 24.5% during the forecast period to 2024. This growth is primarily driven by Increasing Demand for Real-Time Data Analytics Solutions, Growing Use of Big Data in Identifying Fraudulent Activities and Huge Data Influx in Small and Medium Enterprises Leading To Need For Effective Data Analytics Tools to Maximize Revenue.
Market Drivers
• Increasing Demand for Real-Time Data Analytics Solutions
• Growing Use of Big Data in Identifying Fraudulent Activities
• Huge Data Influx in Small and Medium Enterprises Leading To Need For Effective Data Analytics Tools to Maximize Revenue
Market Trend
• Integration of Cloud Computing and Big Data
• Massive Growth of Data
• Emphasizing On Modernizing Management Approaches and Business Models
Restraints
• Stringent Regulations Regarding Security and Privacy of Data
• Lack of Skilled Professionals to Adopt New Technology
Opportunities
Rising Demand for Data Warehousing and Advanced Analytics Solutions, Increasing Adoption of Big Data Services In Small and Medium Enterprises and Growing Investment in IT Industry in Emerging Economies
Challenges
Security and Privacy Threats Associated to Big Data Services, Lack of Effective Strategy Regarding Big Data Application among Enterprises and Complexity Involved in Analyzing Heterogeneous Data
Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/2018695-global-big-data-as-a-service-market
Market Segmentation:
By Type: Hadoop-as-a-Service (HDaaS), Data Analytics-as-a-Service (DAaaS), Data-as-a-Service (DaaS)
By Application: Banking & Financial Services, Retail, Manufacturing, Energy & Utilities, Healthcare, Public Sector, Media & Entertainment, Others
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2018695-global-big-data-as-a-service-market
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2018695
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Big Data as a Service: Identify Industry Players Unseen Development Activity Shaping Market here
News-ID: 1878268 • Views: …
More Releases from HTF Market Intelligence Consulting Pvt. Ltd.
Travel Accommodation Market Is Booming So Rapidly: NH Hotel Group, Kimpton Hotel …
HTF MI just released the Global Travel Accommodation Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Travel Accommodation Market are: Marriott International (United States),…
Precision Genomic Testing Market May See a Big Move | Major Giants- Illumina, BG …
HTF MI just released the Global Precision Genomic Testing Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Precision Genomic Testing Market are: Illumina Inc.…
Collateral Management Market All Sets For Continued Outperformance
HTF MI just released the Global Collateral Management Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Collateral Management Market are: Hong Kong Exchanges and…
Medical Professional Liability Insurance Market Doubtless To Enhance Future Prog …
HTF MI just released the Global Medical Professional Liability Insurance Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies in Medical Professional Liability Insurance Market are:…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
