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Rapid digitization and process automation have significantly increased the demand for operational and organizational data from various industries. This demand from the industry to obtain various insights is expected to drive the market growth.
jersey city, new jersey, October 19, 2022 /PRNewswire/ — Verified Market Research recently announced that “Big data as a service market” by organization size (SMB, enterprise), solution type (data as a service, data analytics as a service), deployment model (public cloud, private cloud), vertical (government, manufacturing), and by geography.
According to an in-depth study conducted by Verified Market Research, the global Big Data as a Service market size is US$10.92 billion Projected to reach in 2020 US$85.36 billion by 2028 CAGR 29.40% from 2021 to 2028.
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Global Big Data as an Overview of Services Market
Big Data as a Service, or BDaaS, is a tool that many organizations use for statistical analysis to gain valuable insights on topics of interest. BDaaS comes in the form of software or in the form of a team of data analysts. The purpose of both is to perform analysis and generate insights. This software or team of data analysts uses large pools of data and information to analyze and generate valuable insights that help organizations during strategy creation and planning. and human resources can be invested in better things, while improving business performance.
During the forecast period, growing demand for managing large data sets and increasing its application in strategy formulation has created a huge demand for cloud-based data analytics services. This has greatly increased the market growth of big data as a service market.
Main development
- Partnerships, Collaborations and Agreements
- upon November 2019, Google has partnered with Deloitte. Google Cloud and Deloitte have teamed up to deliver new solutions and services that help customers solve some of the toughest problems they face when leveraging the cloud. Google Cloud and Deloitte understand how big data works at scale and our customers’ need for solutions to make the most of their existing data.
- Mergers and Acquisitions
- upon October 2018IBM announced its decision to acquire Red Hat Inc. US$34 billionWith this acquisition, IBM will become the world’s number one hybrid cloud provider, offering enterprises the only open cloud solution that unlocks the full value of the cloud.
- Product Launch and Product Expansion
- upon January 2021, HP is launching a series of new products in its commercial personal systems business. The HP Elite device line includes new additions to the Elite Dragonfly notebook series, the introduction of the latest Elite Folio convertible, refreshed EliteBook models, and the new Elite x2 tablet.
main player
Major players in the market are: Teradata Corporation (Teradata), Google Incorporation (Google), Hewlett-Packard (HP), Amazon Web Services, Inc. (AWS), IBM Corporation, SAS Institute Inc., EMC Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE.
Validated market research has segmented the global big data as a service market based on organization size, solution type, deployment model, vertical, and geography.
- Big Data as a Service Market, by Organization Size
- Small and medium-sized enterprises
- large company
- Big Data as a Service Market by Solution Type
- data as a service
- Data analytics as a service
- Hadoop as a service (HDaaS)
- Big data as a service market, by deployment model
- public cloud
- private cloud
- hybrid Cloud
- Big data as a service market, by vertical
- Banking, Financial Services and Insurance (BFSI))
- Healthcare and life sciences
- retail and consumer goods
- travel and hospitality
- government
- manufacturing industry
- others
- Big data as a service market, by region
- North America
- Europe
- Germany
- France
- England
- Remaining Europe
- Asia Pacific
- China
- Japan
- India
- Remaining Asia Pacific
- line
- middle east & Africa
- latin america
See related report:
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Big Data Software Market By Software Type (Database, Data Management), By Deployment Mode (Cloud-Based, On-Premises), By Vertical (BFSI, Manufacturing), By End-User (Large Enterprise, SMB), By Region, And Weather
Supply Chain Big Data Analytics Market By Solution Prospects (Logistics Analytics, Manufacturing Analytics, Planning & Procurement), By Service Prospects (Professional, Support & Maintenance), By End Users (Retail, Transportation, Logistics), By Regions, Forecast
Geographical and forecast big data technology and services market by product (on-premises, cloud-based), by application (telecom, BFSI, manufacturing, transportation, others)
Five major virtual data rooms to ensure secure data transfer between companies
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