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HOME > GLOBAL REPORT > IT Service

:: GLOBAL BIG DATA AS A SERVICE MARKET 2019-2027 ::

Published by TritonMarketResearch
Category Others
Date 2019-05-16
Page 170
Price

MARKET OUTLOOK

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 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.

REGIONAL OUTLOOK

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).

COMPETITIVE OUTLOOK

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.