Market Synopsis: —
Market Research Future (MRFR)’s latest study projects that the global big data as a service market is set to exhibit substantial growth over the next couple of years. The massive amounts of data being generated by the business enterprises have created a need for structured data analysis for gaining insights into the stock of data. It has catapulted the Big Data as a Service Market on an upward trajectory. The requirement for data analysis facilitates the achievement of business goals. It is anticipated to aid the market proliferation in the upcoming years.
The market landscape represents robust competition with the key players’ focus on technological advancements for capitalizing on the market expansion. The developments in the predictive analytics and data science tools are prognosticated to have a positive influence on the expansion of the big data as a service market over the assessment period. Furthermore, the adoption of cloud-based technology has opened new avenues of growth opportunities for the market participants.
The prominent players in the market of BDaaS are- IBM (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Google (U.S.), SAP SE (Germany), Cazena (U.S.), Arcadia Data (U.S.), DataTorrent (U.S.), DataHero (U.S.), Hewlett-Packard (HP) (U.S.), Teradata Corporation (U.S.), SAS Institute (U.S.).
Other vendors include Tableau Software (U.S.), New Relic (U.S.), VMware, Inc (U.S.), Splunk (U.S.), among others. The Key players keep innovating and invest more in R&D to produce a cost-effective portfolio.
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Big Data as a Service Global Market - Segmentation
The Big Data as a Service Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Service: Comprises HaaS, DaaS and AaaS.
• Segmentation by Deployment: Comprises On-Premises, On-Demand, Hybrid.
• Segmentation by Application: Comprises BFSI, Manufacturing, Retail, Healthcare, Media & Entertainment and Government among other.
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Big Data as a Service Global Market - Regional Analysis
The big global data as a service market is divided into four regions, namely North America, Asia Pacific Europe and the Middle East and Africa (MEA). North America is holding majority of the share in the big global data as a service market owing to the presence of establishes players such as Microsoft Corporation, Hewlett-Packard Enterprise Development LP, International Business Machines Corporation, etc. The big data as a service market in Asia Pacific is expected to grow at moderately high CAGR owing to increasing investments in various business sectors in the region which will require significant data to analyze.
In May 2018, Vodafone India, country’s second-largest telecom service provider, has announced the adoption of Artificial Intelligence (AI) and big data technologies for offering enhances customer experience.
In June 2018, TelOne Zimbabwe, a telecommunications company, has entered the big data services market.
In October 2018, State Bank of India, largest public sector bank of the nation, has entered into a joint venture agreement with Hitachi Payment Services Private Limited for the utilization of Artificial Intelligence (AI) and big data in the acceleration of digital payments.
In October 2018, Microsoft, the U.S., has invested in on-demand services and ride-hailing company, Grab. The investment is a part of the deal that includes collaboration on big data and Artificial Intelligence (AI) projects.
In October 2018, National Oceanic and Atmospheric Administration (NOAA), the U.S., fine-tuned its Big Data Project, 2015, in partnership with Amazon Web Services, Google Cloud Platform, IBM, Microsoft Azure, and the Open Commons Consortium.
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• Big Data as a Service services providers
• Network Component providers
• Hadoop service providers
• Software Developers
• Analytics software developers
• Government Agencies
• Electronic Device Manufacturers
• Value-Added Resellers
• Security agencies
• Research Firms
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Release ID: 528261