Big Data as a Service Market Expected to Hit USD 38.06 Billion by 2023 | CAGR: 15.73% | IBM, HP, Microsoft, Oracle, SAP SE, Cisco, SAS Institute, Accenture, DataStax

Marketprognosis.com Publish a New Market Research Report On “Global Big Data as a Service Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Big Data as a Service Market:

The Global Big Data as a Service Market is expected to witness a CAGR of 15.73% during the forecast period (2018 - 2023) and is estimated to the reach the value of USD 38.06 Billion by 2023.

The growing amount of structured and unstructured data, driven by the increased penetration of internet and the advent of IoT, has led to companies across various industries seeking solutions to help make data-driven decisions. With the ability to store, process, and analyze large volumes of data, Big-Data-as-a-service (BDaaS) is transforming businesses across the world. The implementation of BDaaS enables companies to focus on the outputs and analyses of their business, rather than technical aspects. These solutions reduce upfront infrastructure, data storage, and management costs significantly.

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Emphasis on Analytics Drives the Growth for Big Data Analytics in the Banking Sector; There has been an unprecedented explosion of data in the BFSI industry, which can be turned into actionable insights if analysed. Additional factors, such as depleting operational efficiency and the increasing operational costs, along with the ability to predict the outcome of a particular event have all emphasized on the need for big data analytics. The use of analytics by many banks are already underway such data driven decisions are further expected to improve the customer relationship and experience in turn contribution to sales for the banks. Such analytics insights obtained are useful for various applications, such as Fraud detection, application screening, which emphasizes the need for accurate variables in case of predictive analytics.

APAC is Expected to Have High Adoption Rate Owing to Rise in Services Sector; Rapid technological developments in the information technology sector and increasing business operations mark Asia-Pacific (APAC) as the most important market for Big Data in banking during the forecast period. The biggest contributors to this market are China and India that account for most of the revenue in the APAC region. Many organizations in the APAC region are increasingly depending on digital systems to realize their goals. Several vendors such as SAP and IBM provide wide-range of Big Data analytics services to banks in the region. Some of the core capabilities of these services include real-time monitoring, big cloud services, and other customized dashboards for easier retrieval of data to ease the workflows. These tools enable organizations for on-the-resource planning and offer modified plans to aid decision-making.

A complete analysis of the competitive landscape of the Global Big Data as a Service Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Big Data as a Service Market players.

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Major Key Players:

1 IBM Corporation

2 Microsoft Corporation

3 Oracle Corporation

4 SAP SE

5 Hewlett-Packard Company

6 Cisco Systems Inc.

7 SAS Institute

8 Information Builders Inc.

9 Accenture PLC

10 ThoughtSpot Inc.

11 DataStax Inc and More…………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Big Data as a Service Market.

Table of Contents:

1 Introduction

2 Executive Summary

3 Big Data as a Service Market Overview

4 Big Data as a Service Market Dynamics

5 Big Data as a Service Market Segmentation

6 Vendor Market Share

7 Company Profiles

8 Investment Analysis

9 Future of the Market

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