Press release
Big Data as a Service Market- An overview of the future opportunities over the globe reaching USD 151.47 Bn by 2029
Pune 15, Feb 2023: The total global market for "Big Data as a Service Market" was USD 29.29 Bn in 2021 and is expected to grow at a CAGR of 22.80 percent over the forecast period to reach USD 151.47 Bn by 2029. The increasing technological advancement, private-public partnerships, connectivity with AI, and cloud-based intelligence are expected to influence the Big Data as a Service market demand.Big Data as a Service Market Report Scope and Research Methodology
The Big Data as a Service Market report provides a thorough analysis of the market for Big Data Services. The main objective of the report is to provide key companies in the industry with a strategic analysis. Application and key countries are evaluated to analyze the potential of Big Data as a Service industry, including the market dynamics, growth factors, key challenges, PESTEL analysis, and new market entrants strategy analysis, and statistical data on opportunities and forecasts.
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The Big Data as a Service market is divided based on different segments including Components, Deployment Type, Organization Size, and End-user. The growth of the various segments helps clients in acquiring knowledge of many growth factors expected to be prevalent throughout the market and develop different strategies to identify core application areas. The report provides an in-depth analysis of the Big Data as a Service market and contains meaningful insights, facts, and industry-validated market statistics. The bottom-up approach was used to estimate the overall Big Data as a Service Market size using key companies' revenue and their offering in the market.
Big Data as a Service Market Dynamics
Data is produced and consumed as an intrinsic part of day-to-day activities, as information is the key factor that drives the modern world and is also expected to fuel the Big Data as a Service Market growth. Increasing use of mobile devices and social media platforms contributed significantly to the increase in the amount of data produced. Rising demand for data science and predictive analysis is increasing, which is expected to influence market growth.
Determining the business value during the implementation of Big Data is a major challenging factor that is expected to restrain the Big Data as a Service market growth.
Big Data as a Service Market Regional Insights
The North American region held the largest Big Data as a Service Market share around 38.76 percent in 2021 and is expected to dominate the market over the forecast period. Most of the major vendors in the market are US based and the adoption of Big Data services is high, which drives the regional market growth. The European region is expected to hold the 27.85 percent market share during the forecast period. The rising inclination of European companies to advanced technologies such as AI, ML, and IoT is expected to boost market growth over the forecast period.
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Big Data as a Service Market by Deployment type segment is expected to hold a 38.67 percent market share
MMR provides an analysis of the key trends in each sub-segment of the global big data as a service market report, along with forecasts at the global and regional levels from 2022-2029. The report has categorized the market based on component, deployment type, organization size, and end-user.
By Component:
Solutions
Services
By Deployment Type:
Public Cloud
Hybrid Cloud
Private Cloud
By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By End User:
BFSI
Information Technology (IT) and Telecom
Healthcare and Life Sciences
ECommerce and Retail
Manufacturing
Media and Entertainment
Others
Big Data as a Service Market Key Players include
IBM (US)
Oracle (US)
Microsoft (US)
Google (US)
AWS (US)
SAP (Germany)
Teradata (US)
SAS (US)
Dell Technologies (US)
HPE (US)
CenturyLink (US)
Splunk (US)
Cloudera (US)
Salesforce (US)
Qubole (US)
GoodData (US)
Hitachi Vantara (US)
IRI (US)
1010data (US)
Guavus (US).
Hewlett Packard Enterprise
SunGard Data Systems Inc.
UST GLOBAL INC
MapR Technologies, Inc.
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Table of content for Big Data as a Service Market includes:
Global Market: Research Methodology
Global Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Market Segmentation
Global Market, by Component (2021-2029)
Global Market, by Deployment type(2021-2029)
Global Market, by Organization Size (2021-2029)
Global Market, by End-User (2021-2029)
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Regional Market(2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Deployment type (2021-2029)
Regional Market, by Organization Size (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component, Deployment, Organization size, and End-user
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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