List of the Companies Profiled in the Market: Wipro Limited, ZeroStack, Inc., Accenture Plc., SAP SE, Oracle Corporation, Microsoft Corporation, CenturyLink, Inc., IBM Corporation, Hewlett Packard Enterprise, Amazon Web Services, Inc.
Pune, India, Sept. 22, 2021 (GLOBE NEWSWIRE) -- The global big data as a service (BDaaS)market size isexpected to showcase significant growth by reaching USD 93.52 Billion by 2028. This is attributable to the rapid adoption of big data as a serviceby social media platforms,coupled with the growing e-commerce industry worldwide. According to a recent report by Fortune Business Insights, titled, “Big Data as a Service (BDaaS) Market Size, Share & COVID-19 Impact Analysis, By Solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Industry (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing and Others) and Regional Forecast, 2021-2028,”,the market stood atUSD 12.72 billion in2020 and is projected to exhibit an astounding CAGR of 28.2% between 2021 to 2028.
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List of the Companies Profiled in the Global Market:
Wipro Limited (India)
ZeroStack, Inc. (US)
Accenture Plc. (Ireland)
SAP SE (Germany)
Oracle Corporation (US)
Microsoft Corporation (US)
CenturyLink, Inc. (US)
IBM Corporation (US)
Hewlett Packard Enterprise (HP) (US)
Amazon Web Services, Inc. (US)
Report Scope & Segmentation -
Forecast Period 2021 to 2028 CAGR
2028 Value Projection
USD 93.52 Billion
Market Size in 2020
USD 12.72 Billion
Historical Data for
No. of Pages
Solution ;Deployment Model ;Industry ; Regional
Increasing Number of Ecommerce Platforms to Bolster Growth.
Rising Security Breaches and Lack of Skilled Professionals to Hamper Market Growth.
The emergence of the COVID-19 pandemic has had a devastating impact on most businesses worldwide, especially hampering the import-export companies. A government-imposed lockdown may continue for an unknown period. Though some companies are still able to manage revenue generation, some are at a complete halt. At Fortune Business Insights, we are offering analytical reports on various markets, discussing the impact of coronavirus and the future possibilities. This may help investors take the necessary decision in favor of the benefit of the businesses concerned.
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The Report Discusses the following questions:
What is the nature of the competition?
How can social media platforms contribute to the growth of the market?
Who are the major players of this market, and what is their strategic plan?
Which current market trends are followed worldwide?
What are the significant industry developments in the market?
Rapid Utilization of BDaaS on Social Media Platforms to Promote Growth
The increasing penetration of digitalization and automation into various businesses isthe key factor driving the global big data as a service (BDaaS) marketgrowth. In addition to this, the 5G infrastructure deployment and the growing demand for BDaaS from social media platforms such as Snapchat, YouTube, LinkedIn, Instagram, Twitter, Facebook, and others are likely to aid in the expansion of the market. For instance, the Data Never Sleeps 5.0 by Domo Inc. report states that around456,000 tweets are shared on Twitter,527,700 photos are shared on Snapchat,4,146,600 YouTube videos are viewed, 46,740 photos posted on Instagram, and 100-120 experts join LinkedIn every minute of the day. Thus, social media platforms play a significant role inadding impetus to the global market.
On the contrary, the high risk of security breaches may pose a significant challenge to the market. Moreover, the lack of skilled techniciansfor big data as a service propelled only 15% of businesses to adopt this service. The rest are still relying on pilot projects, thereby hampering the market growth.
Nevertheless, the adoption of BDaaS with cloud-based analytics for use in the applications such as data or text mining, semantic analysis, machine learning, and others would help create better product performance and market-related insights. This, in turn, is likely to aid in the expansion of the market in the forthcoming years.
Hadoop-as-a-service Segment Held 31.6% Market Share in 2020
Based on the solution, the Hadoop-as-a-service segment held a market share of about 31.6% in 2020. The segment is expected to showcase exponential growth by registering the highest CAGR in the forthcoming years. This is attributable to the increasing adoption of Hadoop-as-a-service solutions across several small and medium enterprises (SMEs) globally.
North America to Remain Dominant;Increasing Investment in BDaaS by Manufacturing Units to Aid Growth
Geographically, North America stood at USD 6.33 billion in 2020. Further,it is expected to hold the largest share in the globalbig data as a service market in terms of revenue during the forecast period. This is attributed to the substantial investment by significant players such as Intel Corporation for producing chips at a faster rate, thereby expanding their existing storage system and identifying cyber vulnerabilities and manufacturing defaults. With the adoption of big data as a service, Intel Corporation secured an estimated USD 30 billion in its overall production quality in 2018.
Asia Pacific will register the highest CAGR during the forecast perioddue tothe significant support from India, Japan, South Korea, China, and others. The booming e-commerce businesses, along withthe adoption of big data as a service by small and medium enterprises in these countries, is expected to favor regional growth.
Players Focus onJoint Ventures to Strengthen Their Market Positions
The major companies operating in the global market are adopting strategies such as merger and acquisition, joint venture, partnership, and contract and agreement to stay ahead in the competition. Among all the players, IBM Corporation is holding a significant big data as a service market share.
Key Industry Developments:
September 2017 – IBM Corporation launched the first advanced analytics solution for the social media platform – Twitter. This solution willhelp create and manage an estimated 500 billion tweets daily and data of 280 billion for monthly active users per day.
Table Of Content
Definition, By Segment
Macro and Micro Economic Indicators
Drivers, Restraints,Opportunities and Trends
Impact of COVID-19
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Porter’s Five Force Analysis
Global Market Share Analysis and Matrix, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled(Provided for 10 players only)
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Past and Current Revenue
Business Segment Share
Primary Interview Responses
Annexure / Appendix
Global Big Data as a Service (BDaaS)Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By Solution (Value)
By Deployment Model (Value)
By Industry (Value)
Retail and E-Commerce
IT & Telecom
Others (Media & Entertainment, Education, etc.,)
By Region (Value)
Middle East & Africa
North America Big Data as a Service (BDaaS)Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By Solution (Value)
By Deployment Model (Value)
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