The Big Data as a Service (BDaaS) market is expected to rise at a significant rate in the forthcoming years. This is due to social media platforms' quick acceptance of big data as a service, as well as the global e-commerce industry's growth.
The primary factor driving the global big data as a service (BDaaS) market growth is the increasing penetration of digitalization and automation into various organizations. Furthermore, the deployment of 5G infrastructure and the increased demand for BDaaS from social media platforms such as Snapchat, YouTube, LinkedIn, Instagram, Twitter, Facebook, and others are expected to boost the market's rise.
On the other hand, the high danger of security breaches could constitute a substantial challenge to the market. Furthermore, just 15% of firms have adopted big data as a service due to a scarcity of experienced experts. The rest continue to rely on trial initiatives, restricting market expansion.
Nonetheless, combining BDaaS with cloud-based analytics for usage in applications like data or text mining, semantic analysis, machine learning, and others could improve product performance and market insights. This, in turn, is projected to boost the market's rise in the approaching years.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Solution, Industry, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Wipro Limited, Zero Stack, Inc., Accenture Plc., SAP SE, Oracle Corporation, Microsoft Corporation, CenturyLink, Inc., IBM Corporation, Hewlett Packard Enterprise (HP), Amazon Web Services, Inc., Other. |
Covid-19 Impact on Big Data as a Service (BDaaS) Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Big Data as a Service (BDaaS) Market Segment Overview
Based on the solution, the Hadoop-as-a-service segment held the largest share in the Big Data as a Service (BDaaS) market. The segment is anticipated to show exponential growth by registering the highest CAGR in the coming years. This can be attributed to the growing adoption of Hadoop-as-a-service solutions across numerous small and medium enterprises (SMEs) worldwide.
Big Data as a Service (BDaaS) Market, By Solution
· Hadoop-as-a-Service
· Data-as-a-Service
· Data Analytics-as-a-Service
Big Data as a Service (BDaaS) Market, By Industry
· BFSI
· Retail and E-Commerce
· IT & Telecom
· Healthcare
· Government
· Manufacturing
· Others
Big Data as a Service (BDaaS) Market Regional Overview
In terms of geography, the global Big Data as a Service (BDaaS) market is classified into North America, Europe, Asia Pacific, South America, Middle East & Africa. North America is at the forefront and is predicted to continue to retain its lead position through the forecast period. This is due to considerable investments by major organizations such as Intel Corporation in speedier chip production, allowing them to expand their existing storage system while also discovering security vulnerabilities and manufacturing defaults. Furthermore, due to considerable support from India, Japan, South Korea, China, and others, Asia Pacific will have the greatest CAGR during the forecast period. Regional growth is likely to be aided by expanding e-commerce businesses and the adoption of big data as a service by small and medium businesses in these countries.
Big Data as a Service (BDaaS) Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Big Data as a Service (BDaaS) Market, Key Players
· Wipro Limited
· Zero Stack, Inc.
· Accenture Plc.
· SAP SE
· Oracle Corporation
· Microsoft Corporation
· CenturyLink, Inc.
· IBM Corporation
· Hewlett Packard Enterprise (HP)
· Amazon Web Services, Inc.
· Other
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Big Data as a Service (BDaaS) market?
Q2. What are the restraining factors for the global Big Data as a Service (BDaaS) market?
Q3. Which segment is projected to hold the largest share in the global Big Data as a Service (BDaaS) market?
Q4. Which region holds the largest share in the global Big Data as a Service (BDaaS) market?
Q5. Which are the prominent players in the global Big Data as a Service (BDaaS) market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Big Data as a Service (BDaaS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Solution
- 5.2.1. Hadoop-as-a-Service
- 5.2.2. Data-as-a-Service
- 5.2.3. Data Analytics-as-a-Service
- 5.3. Market Analysis, Insights and Forecast – By Industry
- 5.3.1. BFSI
- 5.3.2. Retail and E-Commerce
- 5.3.3. IT & Telecom
- 5.3.4. Healthcare
- 5.3.5. Government
- 5.3.6. Manufacturing
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Big Data as a Service (BDaaS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Solution
- 6.2.1. Hadoop-as-a-Service
- 6.2.2. Data-as-a-Service
- 6.2.3. Data Analytics-as-a-Service
- 6.3. Market Analysis, Insights and Forecast – By Industry
- 6.3.1. BFSI
- 6.3.2. Retail and E-Commerce
- 6.3.3. IT & Telecom
- 6.3.4. Healthcare
- 6.3.5. Government
- 6.3.6. Manufacturing
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Big Data as a Service (BDaaS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Solution
- 7.2.1. Hadoop-as-a-Service
- 7.2.2. Data-as-a-Service
- 7.2.3. Data Analytics-as-a-Service
- 7.3. Market Analysis, Insights and Forecast – By Industry
- 7.3.1. BFSI
- 7.3.2. Retail and E-Commerce
- 7.3.3. IT & Telecom
- 7.3.4. Healthcare
- 7.3.5. Government
- 7.3.6. Manufacturing
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Big Data as a Service (BDaaS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Solution
- 8.2.1. Hadoop-as-a-Service
- 8.2.2. Data-as-a-Service
- 8.2.3. Data Analytics-as-a-Service
- 8.3. Market Analysis, Insights and Forecast – By Industry
- 8.3.1. BFSI
- 8.3.2. Retail and E-Commerce
- 8.3.3. IT & Telecom
- 8.3.4. Healthcare
- 8.3.5. Government
- 8.3.6. Manufacturing
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Big Data as a Service (BDaaS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Solution
- 9.2.1. Hadoop-as-a-Service
- 9.2.2. Data-as-a-Service
- 9.2.3. Data Analytics-as-a-Service
- 9.3. Market Analysis, Insights and Forecast – By Industry
- 9.3.1. BFSI
- 9.3.2. Retail and E-Commerce
- 9.3.3. IT & Telecom
- 9.3.4. Healthcare
- 9.3.5. Government
- 9.3.6. Manufacturing
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Wipro Limited
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Zero Stack, Inc.
- 10.6. Accenture Plc.
- 10.7. SAP SE
- 10.8. Oracle Corporation
- 10.9. Microsoft Corporation
- 10.10. CenturyLink, Inc.
- 10.11. IBM Corporation
- 10.12. Hewlett Packard Enterprise (HP)
- 10.13. Amazon Web Services, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
