The "Big Data as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global big data as a service (BDaaS) market reached a value of US$ 30.63 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 103.31 Billion by 2027, exhibiting a CAGR of 22.14% during 2022-2027.

Companies Mentioned

• Amazon Web Services Inc.
• Oracle Corporation
• Google Inc.
• Hewlett-Packard
• SAP SE
• Accenture
• IBM
• SAS Institute
• Dell EMC
• Teradata
• Alteryx Ltd
• Opera Solutions
• Wipro
• Information Builders
• MicroStrategy Inc.

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

Big data as a service, abbreviated as BDaaS, is a cloud-based service related to the delivery of tools or information based on statistical analysis that helps an organization to understand and use the insights generated in order to improve their efficiency. BDaaS can be used as a software that is operated by a team of data scientists. It relies on the internet or cloud storage for providing uninterrupted access to data. It decreases the efforts required to manually process data through a platform or an analytics program. Furthermore, its predictive analysis assists the organizations to have a competitive edge and gain operational efficiency

The thriving banking, financial services, and insurance industry (BFSI) is one of the key factors driving the market growth. The increasing rate of internet penetration coupled with the development of Internet of Things (IoT) across various industry sectors, is also augmenting the market growth. An enormous amount of unstructured data is generated by various sectors, which is processed using big data to create space for effective utilization of organizational resources.

The implementation of BDaaS has enabled organizations to efficiently make data-driven decisions as it aids in the forecast of event outcomes. This consequently helps organizations to reduce their upfront data storage, management and infrastructure costs. Utmost precision along with insightful analytical results is the key feature favoring the adoption of big data services across many organizations. Moreover, the growing adoption of cloud computing coupled with the increasing focus on research and development (R&D) activities to launch services with more enhanced security features is also projected to positively impact the industry growth in the coming years

Key Question Answered in this Report

1. What will be the global big data as a service market growth?

2. What are the global big data as a service market drivers?

3. What are the major trends in the global big data as a service market?

4. What is the impact of COVID-19 on the global big data as a service market?

5. What is the global big data as a service market breakup by deployment model?

6. What is the global big data as a service market breakup by organization size?

7. What is the global big data as a service market breakup by vertical?

8. What are the major regions in the global big data as a service market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Big Data as a Service Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Solution

5.5 Market Breakup by Deployment Model

5.6 Market Breakup by Platform Type

5.7 Market Breakup by Organization Size

5.8 Market Breakup by Verticals

5.9 Market Breakup by Region

5.10 Market Forecast

6 SWOT Analysis

7 Value Chain Analysis

8 Porter's Five Forces Analysis

9 Market Breakup by Solution

10 Market Breakup by Deployment Model

11 Market Breakup by Platform Type

12 Market Breakup by Organization Size

13 Market Breakup by Verticals

14 Market Breakup by Region

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/ya0rcr

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005242/en/