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Big Data as a Service Market is set to Fly High Growth in Years to Come | Taiwan News


Five analyst picks with high net profit and revenue growth in Q1FY24

Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.) presents a research report and top winning strategies for the Big Data as a Service. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Big Data as a Service study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Big Data as a Service. [Download Free Sample]

Global Big Data as a Service Market is valued approximately at USD 8.7 billion in 2018 and is anticipated to grow with a growth rate of more than 30% over the forecast period 2019-2026.

Big Data as a Service is a combination of cloud computing platform and big data analytics technologies, that offers analysis of large and complex datasets over the internet or as a hosted service. Big data as a service help user to reduce the cost and time for the deployment of big data projects and enable organizations to manage big data on the cloud and allows departments to easily access data.

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Rapid demand in industries to gain actionable insights from big data and growth on data due to digitization and automation are the few factors responsible for high CAGR of the market over the forecast period. For instance, as per Statista, the global demand for data storage was 400 exabytes and supply for data storage was 400 exabytes in 2009 and is anticipated to rise 42,700 exabytes of demand for data storage and 24,800 exabytes of supply for data storage in 2020.

Further, Bdaas solutions to enhance roi and decision-making capabilities and rising advancements of cloud Ai, MI, Iot and Advanced analytics is opportunistic factor for this market. However, complexity in extracting valuable insights out of humongous data source is the major factor restricting the growth of global Big Data as a Service market during the forecast period.

The regional analysis of global Big Data as a Service Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to the presence of large number of BDaaS vendors. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.

Major market player included in this report are:

Google LLC

Microsoft Corporation

Amazon Web Services

IBM Corporation

Oracle Corporation

SAP

Teradata Corporation

SAS

Dell Inc.

Hewlett Packard Enterprise

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions

Services

By Organization Size:

Large Enterprises

Small and Medium-Sized Enterprises

By Deployment Type:

Public Cloud

Hybrid Cloud

Private Cloud

By Industry Vertical:

Banking, Financial Services, and Insurance

IT and Telecom

Healthcare and Life Sciences

Ecommerce and Retail

Manufacturing

Media and Entertainment

Others

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017

Base year – 2018

Forecast period – 2019 to 2026

Target Audience of the Global Big Data as a Service Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Aim of the Report

  • This study aims to determine the market size of various segments and countries with forecast values for next ten years.
  • Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
  • It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
  • The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.

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