Big Data as A Service (BDaaS) Market Increasing at A Phenomenal Pace to Reach USD 101 Billion by 2028

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

According to analysts at Zion Market Research, the global big data as a service (BDaaS) market accounted for USD 11.3 Billion in 2019 and is expected to reach USD 101 Billion by 2028, growing at a CAGR of 27.4% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Big Data As A Service (BDaaS) Market by Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), by Solution (Hadoop-as-a-Service, Data-as-a-Service, and Data Analytics-as-a-Service), by Enterprise Size(Small and Medium-sized Business, and Large Enterprise), by End Use (BFSI, Manufacturing, Retail, Media & Entertainment, Healthcare, IT & Telecommunication, and Others):Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

The Need for Structured Data in Big Data as A Service (BDaaS) to Spur Market Growth

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.

Presence of Big Players in The Region Support North American Dominance

With the largest share, North America was a leading regional market for big data as a service (BDaaS) in 2020 followed by Asia Pacific. North America is expected to be the fastest growing region for the big data as a service (BDaaS) market.  The presence of a large number of 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. 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 global big data as a service (bdaas) market is segmented as follows:

Browse the full “Big Data as A Service (BDaaS) Market by Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), by Solution (Hadoop-as-a-Service, Data-as-a-Service, and Data Analytics-as-a-Service), by Enterprise Size (Small and Medium-sized Business, and Large Enterprise), by End Use (BFSI, Manufacturing, Retail, Media & Entertainment, Healthcare, IT & Telecommunication, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/big-data-as-a-service-bdaas-market

  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

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