The global Big Data as a Service (BDaaS) market size reached USD 18.42 Billion in 2021 and is expected to register a revenue CAGR of 30.3% during the forecast period, according to latest analysis by Emergen Research.
Key factors such as increasing demand for better data storage scalability and effective big data solutions are projected to drive market revenue growth between 2022 and 2030. Majority of businesses prioritize data integration and big data projects. Currently, organizations are generating a vast volume of data (by the minute), which requires adequate storage scalability.
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Data scalability is the ability of data processing systems to expand their processing capabilities as data volume increases substantially. A scalable data platform can manage fast changes in data expansion, whether in traffic or volume. These systems make use of additional hardware or software to boost data production and storage. When a corporation has a scalable data platform, the firm is also prepared for the potential growth in its respective data needs.
Key players in the market include Oracle Corporation, SAP SE, International Business Machines Corporation (IBM), Accenture PLC, Hewlett Packard Enterprise, Dell Technologies Inc., Teradata Corporation, Cloudera, Inc., CenturyLink, Inc., Qubole, Inc., Microsoft Corporation, Google LLC, SAS Institute Inc., and GoodData Corporation.
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Emergen Research has segmented global big data as a service market on the basis of solution, component, deployment, organization size, end-use, and region:
Solution Outlook (Revenue, USD Billion; 2019–2030)
Component Outlook (Revenue, USD Billion; 2019–2030)
Deployment Outlook (Revenue, USD Billion; 2019–2030)
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
Small and Medium-Sized Enterprises
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Banking, Financial Services and Insurance (BFSI)
Media and Entertainment
Information Technology & Telecom
Retail & Ecommerce
Regional Bifurcation of the Big Data as a Service Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
Who are the leading players in the Big Data as a Service industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Big Data as a Service?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
Global Big Data as a Service Market Report – Table of Contents:
Chapter 1 includes the global Big Data as a Service market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Big Data as a Service market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Big Data as a Service market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Big Data as a Service industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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