Market Scenario:
As a statistical tool for delivering information, the big data as a service helps many enterprises to implement, understand, and gain insights from a huge set of raw and unstructured information. One of the major factors driving the growth of big data as a service market is the growing requirement of the structured data analysis. As the amount of data keeps on increasing, there is a huge requirement of data analysis helping the organizations to achieve their tasks and fulfill their requirements. Additionally, there is a huge demand for predictive analysis and data science, which is also expected to drive the market growth. The competitive analysis of Big Data as a Service Market comprises of many large vendors. IBM had recently made changes and developments to its Watson Data Platform. This platform includes features for data scientists and researchers for data cataloging and data refining. This helps higher authorities in an enterprise to analyze and prepare artificial intelligence related applications for improving the data visibility to secure private data.
Latest Industry News
12 JUL 2018 Microsoft has upgraded the self-service data preparation capabilities in Power Business Intelligence (BI) to help business users extract more meaningful insights from big data stored in their software-as-a-service (SaaS) applications and other sources using familiar tools.
19 JUL 2018 Chinese ride-sharing giant Didi Chuxing has announced that ways to export its AI and strength in big data to become a global enterprise are being explored. In a joint venture with Japanese tech giant SoftBank, Didi Chuxing is planning to bring taxi ride services to Japan.
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Key Players
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.
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 regional segmentation of BDaaS global market segments this market into regions namely North America, Europe, Asia Pacific and rest of the world (RoW). Due to the high-speed internet being the basic requirement for any kind of BDaaS, North America is the biggest market for BDaaS with the United States of America (USA) being the greatest market in the continent. As big markets for BDaaS, Canada, and Mexico. Higher adoption of BDaaS across various industrial segments contributes towards the growth of this market in North America. In Europe, BDaaS market is set to rise significantly with increased application in IT & telecommunication sector. After North America, Europe is the biggest market for BDaaS, and the biggest markets here include France, Germany, and the United Kingdom (UK). More than 60% of key players in BDaaS global market are based in North America.
In the Asia Pacific, internet and cloud infrastructure facilities are still at a developing stage. However, due to high population, labor for IT industry is cheap here (especially in India). Therefore, demand for BDaaS is the high Asia Pacific is high, and it remains a lucrative market for BDaaS. Maximum revenue from Asia Pacific market comes from China, India, and Japan, with rest of Asia Pacific countries following the lead of these three countries. RoW countries for BDaaS market are in Africa, Middle East, and South America. Due to poverty, poor IT infrastructure, and limited internet availability, BDaaS market is small here, and its slow but steady growth is expected during the forecast period.
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Intended Audience
- 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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