Big Data as a Service (BDaaS) Market Is Reach to US$ 124.02 billion and Exhibit at a CAGR of 31.5% in the year 2028

The big data as a service ( is expected to grow from US$ 18.49 billion in 2021; it is estimated to grow at a CAGR of 31.5% from 2022 to 2028.

Increasing strategic initiatives by the major market players are driving the big data as a service ( growth. In May 2021, Telefónica Tech, a Telefónica's digital business holding company, and Microsoft collaborated on Azure Edge Zone. Furthermore, the integration combines Telefónica's Private 5G connectivity with Microsoft's Edge Computing capabilities on customer premises, allowing industrial processes to accelerate digital transformation. Both firms' collective ambition for Industry 4.0 and digital transformation is to install industrial 5G communications and computing solutions on-premise through an integrated architecture. In May 2020, IBM and RedHat developed New Edge computing technologies to help telecommunication organizations adapt to the 5G era. Furthermore, IBM has dedicated edge computing and Telco network cloud services teams to help customers deploy 5G and edge-enabled solutions across all industries.

The adoption of big data by several companies to deliver enhanced and faster decision-making solutions and provide a competitive advantage by analyzing and timely acting on the information is driving the big data as a service (BDaaS) market. Further, the big data as a service (BDaaS) market growth is attributed to a surge in demand for cloud-based big data solutions among small and medium businesses. However, the big data as a service (BDaaS) market growth is hampered by high implementation costs and a lack of skilled labor. The rising demand for better insights into corporate planning and emerging trends, including social media analytics, are expected to provide significant prospects for the big data as a service (BDaaS) market players during the forecast period. These factors are expected to influence the growth of the big data as a service (BDaaS) market.

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Big Data as a Service (BDaaS) Regional Growth- 2022-2028

The report segments the global Big Data as a Service (BDaaS) market as follows:

By Component

• Solution
• Services

By Deployment

• Public Cloud
• Private Cloud

By End-User Industry

• BFSI
• IT & Telecom
• Healthcare
• Manufacturing
• Media & Entertainment
• Others

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Big Data as a Service (BDaaS) market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Big Data as a Service (BDaaS) market segments and regions.

Scope of the Report

The research on the Big Data as a Service (BDaaS) market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Big Data as a Service (BDaaS) market on the basis of end user, product type, application, and demography for the forecast period 2022-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Big Data as a Service (BDaaS) market during the forecast period, i.e., 2022-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Study of niche industrial sectors

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

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Contact Person: Sameer Joshi
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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.