Big data as a service Market Size, Analysis, Key Segments, Share, Growth Status, and Forecast 2031

Big data as a service (BDaaS) is a combination of big data analytics technologies and cloud computing platforms that benefits users to reduce the cost and time for the deployment of big data projects. Also, it allows enterprises to manage big data on the cloud and provides easy data access to all departments at any given time. Enterprises incur substantial costs while building big data infrastructure and recruiting skilled human resources. However, with the adoption of cloud-enabled big data technology, this cost has substantially reduced. BDaaS is considered as the delivery of statistical analysis information from a third party or a service provider, which helps the organization to gain insights with an objective to achieve competitive advantage over their competitors.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Growing demand for statistical analysis due to the generation of massive amount of unstructured data from the various organizations majorly drives the growth of the big data as a service market. In addition, factors such as expansion of big data analytics which covers data from intelligent systems such as in-vehicle infotainment, smart meters, sensors, and others, current growth of cloud computing, and growing demand for data science and predictive analysis further boosts the growth of the market. However, inadequacy of tools used for the service along with the security and privacy concerns which arise from the implementation of big data as a service are expected to hamper the growth of the market. Furthermore, growing investment in IT sectors by number of businesses and rising demand for advanced analytics and data warehousing solutions are expected to provide major opportunities for the growth of the big data as a service market in the next few years.

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The global big data as a service (BDaaS) market is segmented on the basis of solution type, deployment model, organization size, industry vertical, and region. Based on solution type, the market is bifurcated into Hadoop-as-a-Service (HaaS), Data-as-a-Service (DaaS), and Data Analytics-as-a-Service (DAaaS). Based on deployment model, the market is divided into public cloud, private cloud, and hybrid cloud. Based on organization size, the market is classified into small and medium-sized enterprise, and large enterprise. Depending on industry vertical, the market is segmented into BFSI, retail and e-commerce, IT & telecom, healthcare, government, manufacturing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS
- The report provides an in-depth analysis of the global big data as a service market, outlining current trends, key driving factors, and potential areas for product investments.
- Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in thebig data as a service industry.
- The quantitative analysis of the global big data as a service market from 2018 to 2026 is provided to determine the market potential.

KEY MARKET PLAYERS PROFILED IN THE REPORT
- Amazon Web Services, Inc.
- Hewlett Packard Enterprise (HP)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Teradata Corporation
- Google, Inc.

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KEY MARKET SEGMENTS

BY SOLUTION TYPE
- Hadoop-as-a-Service
- Data-as-a-Service
- Data Analytics-as-a-Service

BY INDUSTRY VERTICAL
- BFSI
- Retail and E-Commerce
- IT & Telecom
- Healthcare
- Government
- Manufacturing
- Others

BY DEPLOYMENT MODEL
- Public Cloud
- Private Cloud
- Hybrid Cloud

BY ORGANIZATION SIZE
- Small & Medium Enterprises
- Large Enterprises

BY REGION
- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Spain
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East

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