Triton in its research report
estimates the global Big Data as a Service market 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
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.
The global Big Data as a Service
market report consists of regions such as North America (Canada and the US),
Europe (Germany, France, the UK, Italy, Spain, Russia and rest of Europe), the
Asia-Pacific (India, China, Japan, South Korea, ASEAN countries, Australia
& New Zealand and rest of Asia-Pacific), Latin America (Mexico, Brazil and
rest of Latin America), the Middle East (UAE, Turkey, Saudi Arabia and rest of
the Middle East) and Africa (Tanzania, Zimbabwe, Kenya, South Africa, Nigeria
and rest of Africa).
Leading companies in the Big Data as
a Sevice market are Information Builders, Inc., Guavus, Inc. (acquired by
Thales), Accenture, Hewlett Packard Enterprise Company, Microsoft Corporation,
Alteryx, Ltd., Google LLC, Oracle Corporation, Amazon Web Service, Inc., SAP
SE, Mapr Technologies, Wipro, Ltd., Opera Solutions, International Business
Machines Corporation and SAS Institute.