The global Big Data as a Service market is expected to proliferate with a compound annual growth rate of 14.96% in the forecast years 2019-2027.
The extensive amount of information that keeps building up or the complex data sets require to be processed which is not possible by using traditional applications. This extensive amount of data which is created, accumulated, used and analyzed is referred to as Big Data.
Owing to several advantages offered by cloud computing, it is being increasingly adopted by organizations and the public. Furthermore, the Industrial Internet of Things (IIoT) offers exceptional benefits in the manufacturing industry, such as real-time asset tracking and connected operational efficiency. This widespread use of cloud technology, enabled by internet-connected devices, is resulting in higher demand for analyzing the data; thereby driving the market growth for Big Data as a Service.
Unawareness with respect to the potentiality of Big Data solutions & services among various organizations is expected to hamper the market growth over the estimated years, since most organizations do not have a clear understanding of the advanced data analytics, Big Data solutions & services. This lack of awareness among different industries is expected to curb the market of the market BDaaS market.
The Big Data as a Service market has been divided on the basis of deployment, end user and organization size.
Key Topics Covered
1. Big Data as a Service Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Retail is the Fastest Growing End User Segment
2.2.2. Cloud is the Largest and Rapidly Growing Deployment Model
2.2.3. SMEs Are Adopting Big Data as a Service Faster as Compared Large Enterprises
2.3. Evolution & Transition of Big Data as a Service
2.4. Porters Five Force Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Suppliers
2.4.4. Bargaining Power of Buyers
2.4.5. Threat of Competitive Rivalry
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Growth in the Adoption of Cloud Technology
2.7.2. Upsurge in the Requirement For Improving Efficiency of Business
2.7.3. Stringent Financial Regulations and Government Compliances
2.7.4. Big Data Enabling Switch From Analog to Digital
2.7.5. Growth in Internet Penetration
2.8. Market Restraints
2.8.1. Security Concern
2.8.2. Negligence Regarding the Capability of Big Data Solutions and Services
2.8.3. Data Integration Complexities
2.9. Market Opportunities
2.9.1. Companies Shifting Towards Big Data Services
2.9.2. Improvement in the Return On Investment
2.10. Market Challenges
2.10.1. Irregularity in the Data
2.10.2. Shortage of Big Data Skilled Workforce
3. Big Data as a Service Market Outlook - By Deployment
3.1. On-Premise Deployment
3.2. Cloud Deployment
4. Big Data as a Service Market Outlook - By End-user
4.4. IT and Telecommunication
4.5. Energy and Power
4.7. Other End-users
5. Big Data as a Service Market Outlook - By Organization Size
5.1. 7.1 Large Enterprise
5.2. Small Medium Business
6. Big Data as a Service Market - Regional Outlook
6.1. North America
6.1.1. Market By Deployment
6.1.2. Market By End-user
6.1.3. Market By Organization Size
6.1.4. Country Analysis
18.104.22.168. United States
6.4. Latin America
6.5. Middle East and Africa
7. Competitive Landscape
7.1. International Business Machines Corporation
7.2. Oracle Corporation
7.3. Wipro Ltd.
7.4. SAP SE
7.5. Information Builders Inc.
7.6. SAS Institute
7.7. Alteryx Ltd.
7.8. Opera Solutions
7.9. Guavus Inc. (Acquired by Thales)
7.10. MAPR Technologies
7.11. Microsoft Corporation
7.12. Hewlett Packard Enterprise Company
7.14. Amazon Web Service Inc.
7.15. Google LLC
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