Big Data as a Service (BDaaS) Market to Outstrip $124+Billion by 2028 at 31+% CAGR; Global Leading Players: Amazon Web Services, Dell Technologies, Google, IBM, Microsoft, Oracle, SAP, SAS

The latest study released on the "Big Data as a Service (BDaaS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Deployment, Enterprise Size, and Industry" by The Insight Partners evaluates market size, trend, and forecast to 2028. The big data as a service (BDaaS) market is expected to grow from US$ 18.49 billion in 2021 to US$ 124.02 billion by 2028; it is estimated to grow at a CAGR of 31.5% from 2022 to 2028. The Big Data as a Service (BDaaS) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Amazon Web Services, Dell Technologies, Google, Hewlett Packard Enterprise, IBM, Microsoft, Oracle, SAP, SAS, and Teradata are a few of the key players profiled during the big data as a service (BDaaS) market study. Several other major companies were studied and analyzed during this research study to get a holistic view of the big data as a service (BDaaS) market and its ecosystem.

Increasing Adoption of Big Data Analytics in Supply Chain Management Catalyzes Big Data as a Service (BDaaS) Market Growth

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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Several firms, such as IT firms, can access, store, and process huge amounts of data due to technological advancements. Organizations analyze data sets and generate significant insights to apply to their operations using big data. Due to the broad adoption of digital technology, big data analytics (BDA) has emerged as a vital business competency for firms seeking to extract value from an ever-increasing volume of data to achieve a competitive advantage in the big data as a service (BDaaS) market. The use of BDA in logistics and supply chain management (LSCM) has improved the overall business performance. LSCM experienced significant challenges, such as delayed shipments, rising fuel costs, inconsistent suppliers, and ever-increasing customer expectations, resulting in inefficiency and wastage in supply chains. Thus, the increasing adoption of BDA in supply chain management are driving the big data as a service (BDaaS) market growth.

The Global Big Data as a Service (BDaaS) Market segments and Market Data Break Down are illuminated below:

by Application (Financial Services, Healthcare, Telecom, Oil and Gas, Retail), Organization Size (Small And Medium-Sized Business, Large Enterprises), Solutions (Hadoop-as-a-Service (HDaaS), Data-as-a-Service (DaaS), Data Analytics-as-a-Service (DAaaS)), Industry Verticals (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Travel and Hospitality, IT and Telecommunication, Media and Entertainment, Government, Others), Deployment Models (Public Cloud, Private Cloud, Hybrid Cloud)

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Global Big Data as a Service (BDaaS) market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

North America (United States, Mexico & Canada)

South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Major highlights from Table of Contents:

Big Data as a Service (BDaaS) Market Study Coverage:

It includes major manufacturers, emerging player's growth story, and major business segments of Big Data as a Service (BDaaS) market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

Big Data as a Service (BDaaS) Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.

Big Data as a Service (BDaaS) Market Production by Region Big Data as a Service (BDaaS) Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key questions answered

How feasible is Big Data as a Service (BDaaS) market for long-term investment?

What are influencing factors driving the demand for Big Data as a Service (BDaaS) near future?

What is the impact analysis of various factors in the Global Big Data as a Service (BDaaS) market growth?

What are the recent trends in the regional market and how successful they are?

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