Big Data as A Service (BDaaS) Market Size, Share, Growth Report 2032

Market Overview

The big data as a service (BDaaS) market accounted for USD 11.3 Billion in 2019 and is expected to reach USD 101.0 Billion by 2028, growing at a CAGR of 27.4 % from 2021 to 2028.

Big data as a service (BDaaS) is an information or statistical tool which through the analysis of extensive data provides insights to the organization in order for it to gain competitive advantage. This is provided by an outside provider to the organization. This helps the organization to ease up its resources as it handles unstructured data, which is mostly generated on a regular basis. It often works upon a cloud storage service so that both the organization and the outside provider may have access to the information.

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COVID-19 Impact Analysis

Covid-19, as it had impacted other industries, has had a fair share of effect on big data as a service (BDaaS) market as well. Since the pandemic induced lockdowns everywhere, many industries were shut or not operational for a significant period of time. Thus, the demand for big data as a service (BDaaS) went down globally. The sectors which were opened up as essential services did not bring in the growth for the market which was required. Though, as the operations of industries were remote, its requirement for big data as a service (BDaaS) market was witnessed.

Growth Factors

As big data continues to expand in various organizations, big data as a service (BDaaS) market will witness a significant growth. Also, the need for structured data in various organizations is driving the growth of big data as a service (BDaaS) market. Due to the pandemic the need for the adoption of cloud services and elements related to it have also grown. Thus, facilitating the boost of big data as a service (BDaaS) market. To obtain a competitive advantage, the organizations must understand and use insights that have been gained from the large information sets. All these advantages offered by the BDaaS are adding up to its surge in the demand across several sectors and are boosting the growth of the global market.

Global Big Data as A Service (BDaaS) Market: Report Scope:

Deployment Segment Analysis Preview

The Public Cloud segment held a share of over 43.4 % in 2019. Big data as a service (BDaaS) can be deployed using a public cloud, private cloud or a hybrid cloud. A public cloud is one based on the standard cloud computing model, in which a service provider makes resources, such as virtual machines (VMs), applications or storage, available to the public over the internet. Public cloud services may be free or offered on a pay-per-usage model. Private cloud and hybrid cloud forms the deployment segment.

Solution Segment Analysis Preview

 Big data as a service (BDaaS) uses solution and service as its components. The solution is further segmented into Hadoop-as-a-Service, Data-as-a-Service, and Data Analytics-as-a-Service. Hadoop-as-a-Service (HDaaS) is a cloud computing solution that makes processing big data fast and cost-effective, by eliminating the operational challenges of running Hadoop, so that enterprises can emphasize on business growth. Data-as-a-Service, and Data Analytics-as-a-Service, forms the solution segment.

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Regional Analysis Preview

The North America region is projected to grow at a CAGR of 26.5 % over the forecast period. North America is expected to be the fastest growing region for the big data as a service (BDaaS) market. The presence of numerous big data vendors in the region is expected to boost the market. The openness of the organizations to adopt new technologies such as advanced analytics, artificial intelligence, machine learning, internet of things, and cloud services acts as a catalyst for the growth. Also, owing to the increasing government funding to support big data projects in the U.S. and high penetration of e-commerce in the region all add up for North America to be the fastest growing region

The Asia pacific region is also expected to grow over a period of time. Countries such as India, Japan, China, among others are driving the growth of the market in the region. The growth of SMEs and the retail sector which have adopted big data as a service (BDaaS) will grow even more in the coming years. The domestic players in the region are focussing on various strategies in order to boost the growth of the market.

Key Market Players & Competitive Landscape

Some of the key players in the big data as a service (BDaaS) market are Amazon Web Services, Inc., Hewlett Packard Enterprise (HP), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, Google, Inc., Accenture, among others.

These companies adopt various strategies in order to boost their presence and capitalization. For instance, Teradata Corporation is enhancing business value through acquisitions, making strategic partnerships which are strengthening the core of the company, and serving customers through innovative product offerings.

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The big data as a service (BDaaS) market is segmented as follows:

 By Deployment

• Public Cloud
• Private Cloud
• Hybrid Cloud

 By Component

• Solutions
• Services

 By Solution

• Hadoop-as-a-Service
• Data-as-a-Service
• Data Analytics-as-a-Service

 By Enterprise Size

• Small and Medium-sized Business
• Large Enterprise

 By End Use

• BFSI
• Manufacturing
• Retail
• Media & Entertainment
• Healthcare
• IT & Telecommunication
• Others

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa