JUNE 29, 2020: The global Big Data as a service (BDaaS) market is estimated to reach USD 51.9 billion by 2025, registering a CAGR of 38.7% over the forecast period, according to a new study by Grand View Research, Inc. The combination of big data analytics technologies and cloud computing platforms has led to the development of Big Data as a Service or BDaaS. BDaaS offers analyses of large and complex datasets over the Internet or as cloud-hosted services. The increasing requirement of structured data for analyses, which helps organizations achieve targets, coupled with the growing number of social media platforms and users accessing accessible multimedia content on the Internet, such as videos, audio, and text, are anticipated to drive the market growth over the forecast period.
Data-Driven Decision Making (DDDM) helps in addressing the problem of unstructured data analysis and enables organizations to make more informed decisions with transparency and accountability. It also offers increased capacity to scale changes and flexibility in modeling change scenarios, among others. For instance, Google has created a People Analytics Department that supports the organization in making decisions with fact-based data. In this department, Google has created a group called Information Lab, which includes social scientists who conduct innovative research that has changed the organizational practice within the company.
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The growing adoption of social media analytics in BDaaS to monitor consumer preferences and offer personalization insights is anticipated to propel market growth over the forecast period. Moreover, the increasing importance of sentiment analysis has also encouraged enterprises to integrate social media into their business processes. This has resulted in a large amount of data being stored by organizations, which in turn, is expected to propel market growth over the forecast period.
Key market players are focusing on mergers & acquisitions to enhance their regional presence and target new customers across the globe. However, increasing privacy concerns coupled with the rapidly rising purchase costs and costs for installation, deployment, and maintenance may hamper the market over the forecast period.
Further key findings from the study suggest that:
- The global market is anticipated to witness substantial growth owing to the increasing requirement of structured data for analysis and long-term data retention over the forecast period
- The hybrid cloud segment is expected to register a CAGR exceeding 40% over the forecast period owing to benefits it provides in terms of cost efficiency, scalability, flexibility, and security
- Hadoop-as-a-Service emerged as the dominant segment in 2018 owing to the large number of companies frequently accessing virtual storage and analysis of data on the cloud across the globe
- North America captured a significant share in the global BDaaS market owing to the increasing government funding to support big data projects in the U.S. and high penetration of e-commerce in the region
- The APAC market is estimated to showcase significant growth over the forecast period owing to the high rate of penetration of smartphones and internet users in Brazil and Mexico
- Key market players operating in the Big Data as a Service market, including Amazon Inc., IBM Corporation, and Dell Inc., are focused on expanding their market presence and targeting new customers through mergers and acquisitions.
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Summary
2.2. Big Data as a Service Market, 2015 - 2025
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2015 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.4.3. Market opportunity analysis
3.5. Penetration & Growth Prospects Mapping
3.6. Industry Analysis - Porter's Five Forces Analysis
3.7. PEST Analysis
Chapter 4. Big Data as a Service Deployment Outlook
4.1. Big Data as a Service Market, By Deployment, 2018 & 2025
4.2. Public Cloud
4.2.1. Market estimates and forecasts, 2015 - 2025 (USD Million)
4.2.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Million)
4.3. Private Cloud
4.3.1. Market estimates and forecasts, 2015 - 2025 (USD Million)
4.3.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Million)
4.4. Hybrid Cloud
4.4.1. Market estimates and forecasts, 2015 - 2025 (USD Million)
4.4.2. Market estimates and forecasts, by region, 2015 - 2025 (USD Million)
Continued……………..
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COVID-19 Impact Analysis on Big Data As A Service Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the big data as a service market include IBM, Oracle, Microsoft, Google, AWS.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Big Data As A Service Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/big-data-as-a-service-market/download-sampleMarket DynamicsBig Data as a Service (BDaaS) has evolved and made itself a vital need of the fast-growing digital market with solutions aiming to bring the power of big data analytics to a broader spectrum, from a number of organizations to across several more industries.
Big data as a service accumulates, stores, process, develops and send it out into the world.
The newly added Big Data As A Service Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Big Data As A Service Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/big-data-as-a-service-market/download-sampleMarket DynamicsBig Data as a Service (BDaaS) has evolved and made itself a vital need of the fast-growing digital market with solutions aiming to bring the power of big data analytics to a broader spectrum, from a number of organizations to across several more industries.
Big data as a service accumulates, stores, process, develops and send it out into the world.
It is predicted that the size of the market has some phenomenal years ahead provided by the increasing adoption of Big Data analytics across the enterprise.
