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Big Data as a Service Market Will Rise at 28% CAGR Through 2016 to 2022

iCrowdNewswire   Jan 14, 2021  3:46 AM ET

According to Market Research Future (MRFR), the global big data as a service market is projected to reach over USD 18 BN by 2022, registering a whopping 28% CAGR throughout the forecast period (2016-2022). Increasing artificial intelligence related applications for improving the data visibility to secure private data boost the growth of the market. 

Also, growing numbers of data science researches for data cataloging and data refining accelerate market growth. Additionally, rising predictive modeling tools, alongside the proliferation of interactive visualization and automation, influence the growth of the market. Increasing usages of customer analytics and risk reporting & threat management and the rising developments of predictive analytics substantiate the market growth. 

Global Big Data as a Service Market – Segmentation

The report is segmented into five dynamics; 

By Services : HaaS (Hadoop as a Service), DaaS (Data as a Service), and AaaS (Analytics as a Service).

By Organization Size : Small & Medium Enterprises and Large Enterprises.

By Deployment On-Premise, On-Demand, and Hybrid.

By Industry : BFSI, Manufacturing, Retail, Healthcare, Media & Entertainment, Government, and others. 

By Regions Asia Pacific, Europe, Americas, and the Rest-of-the-World.

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Global Big Data as a Service Market – Competitive Analysis

The well-established BDaaS market appears fragmented due to the presence of several key big data as a service companies. Big data as service providers incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch to gain a competitive advantage. Big data service providers focus on innovations and the development of new solutions, fueling the already intensified market competition. 

Major Players: 

Players leading the global BDaaS market include Oracle Corporation (US), IBM (US), Microsoft Corporation (US), Google (US), Amazon Web Services (US), SAP SE (Germany), New Relic (US), Arcadia Data (US), Cazena (US), Tableau Software (US), DataTorrent (US), VMware, Inc (US), Hewlett-Packard (US), Splunk (US), DataHero (US), SAS Institute (US), and Teradata Corporation (US), among others. 

Industry/ Innovation/ Related News

September 23, 2020 —- Big Data Exchange (BDx), a content exchange platform with data centers in China, announced its partnership with SpaceBelt Pte. Ltd.(the US), a subsidiary of Cloud Constellation Corporation. The association is focused on offering secured data storage services through the Cloud Constellation SpaceBeltTM Data Security-as-a-Service (DSaaS) offering.

The use of secure data access, cloud applications, storage ability, and effective data processing between offices on the SpaceBelt network enables businesses to avoid the unreliability of terrestrial networks. BDx is the only data center service provider in Asia so far to partner with SpaceBelt to offer increased access to SpaceBelt’s space-based secure data storage services, expanding SpaceBelt’s innovative data security platform in Asia. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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