Press release
Big Data as a Service Market Garner USD 61.42 Billion Globally by 2026| Top Players such as - Teradata Corporation, Google and Amazon Web Services
Surge in adoption of predictive modeling tools, and government initiatives supporting big data infrastructures drive the growth of the global big data as a service market. However, security and privacy threats and lack of big data IT skills hinder the market growth. On the contrary, huge investment in IT sectors by the business is expected to create lucrative opportunities in the near future.
Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/879
The global big data as a service market was valued at USD 4.99 billion in 2018, and is projected to reach USD 61.42 billion by 2026, registering a CAGR of 36.9% from 2019 to 2026.
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.
Access the full summary at: https://www.alliedmarketresearch.com/press-release/big-data-as-a-service-market.html
By solution type, the Hadoop-as-a-service segment is anticipated to portray the fastest CAGR of 38.9% during the forecast period, owing to rise in demand for HaaS among SMEs, increase in cloud-based big data services along with flexibility and agility provided by these services. However, the Data Analytics-as-a-Service segment held the largest share in 2019, contributing to one-third of the market. This is due to increase in adoption of social media applications along with continuous rise in demand for advanced technologies to process high workload through the cloud.
The public cloud segment dominated the market in 2019, accounting for more than half of the market, as the initial investment required for the deployment is very less, and there are no responsibilities involved in managing the infrastructure. However, the hybrid cloud segment is projected to portray the fastest CAGR of 40.9% during the forecast period, due to its numerous benefits such as scalability, flexibility, cost-efficiency, and security.
If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/879
The market across North America held the largest revenue in 2019, contributing to more than two-fifths of the market, due to presence of developed economies in the region. However, the market across Asia-Pacific is expected to manifest the highest CAGR of 42.1% during the forecast period. This is owing to rise in number of smartphones as well as internet users and increased number of startups and well-established companies in the Asia-Pacific region.
Some of the key Big data as a service industry players profiled in the report include Amazon Web Services, Inc., Hewlett Packard Enterprise (HP), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, and Google.
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/879
Covid-19 Impact on the Big Data as a Service Market -
● The growth of the big data as a service market is expected to continue during the Covid-19 pandemic outbreak. The operations in the IT industry are carried out normally by 'working from home' structure. Therefore the adoption of big data as a service in its application sectors such as BFSI, e-commerce, it & telecom, healthcare, and government are carried out normally.
● On the other hand, the demand for big data as a service from sectors such as manufacturing and retail has been decreased due to the operational halt by government of all nations during the novel coronavirus outbreak.
Buy Now & Get Exclusive Discount on this Report (303 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/big-data-as-a-service-market/purchase-options
Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Contact:
David Correa
5933 NE Win Sivers Drive
#205 Portland OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
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 Market Garner USD 61.42 Billion Globally by 2026| Top Players such as - Teradata Corporation, Google and Amazon Web Services here
News-ID: 3379762 • Views: …
More Releases from Allied Market Research (AMR)
Aluminum Wire Market Grows at 5.8% CAGR, with Asia-Pacific Holding the Highest S …
The global aluminum wire market was valued at $39.5 billion in 2023 and is projected to reach $69.1 billion by 2033, registering a CAGR of 5.8% during the forecast period.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A31642
Market Drivers and Challenges:
- The market is witnessing strong growth due to the rising demand for aluminum wires across multiple end-use industries, particularly electrical transmission, power distribution, and infrastructure development. Additionally, the growing adoption of…
Graphite Recycling Industry Analysis Covering Market Size, Demand Drivers, Innov …
The rapid adoption of electric vehicles (EVs) and renewable energy storage systems has significantly increased the demand for graphite, a critical material used in lithium-ion batteries. Graphite recycling is emerging as a sustainable solution to meet this growing demand while reducing dependency on virgin graphite and minimizing environmental impact, thereby driving market growth.
According to a report published by Allied Market Research titled "Graphite Recycling Market by Source, Form, and Application:…
Low-E Glass Market Size, Share 2026 Analysis of Rising Business Opportunities wi …
According to the report, the global low-E glass market was valued at $11.9 billion in 2022 and is projected to reach $21.0 billion by 2032, registering a CAGR of 5.9% from 2023 to 2032.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A15849
Market Drivers and Growth Dynamics:
The growth of the global low-E glass market is primarily driven by the long-term cost savings and economic benefits associated with its use. Although low-E glass involves…
Refractory Material Market Set for Rapid Growth, Demand, Scope, Size, Share, For …
The global refractory material market is witnessing steady growth, primarily driven by rising iron and steel production across both developed and developing economies. Rapid infrastructure development and increasing demand from the automotive sector have significantly boosted steel output in countries such as the U.S., China, and India. Refractory materials play a critical role in steel manufacturing, providing thermal insulation and resistance in kilns, furnaces, incinerators, and other high-temperature equipment.
The global…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 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…
