ResearchMoz present a comprehensive research report namely “Global Big data as a Service Market Size, Status and Forecast 2019-2025” which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer’s Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025.
Big data as a service (BDaaS) is the delivery of statistical analysis tools or information by an outside provider that helps organizations understand and use insights gained from large information sets in order to gain a competitive advantage.
Global data as a service market is growing at a faster pace owing to the increasing demand for statistical analysis since the massive amount of unstructured data is generated almost at regular interval of time from the various organization. The organizations outsource the big data service to manage the large data rather than doing it in-house. The big data as a service is often offered by various ways, for instance, big data analytics software as a service, as data fabric which includes data management and the data the aggregation. It can also be offered as data platform service which mostly covers the analytical programming, and also as cloud infrastructure. The big global data as a service market is expected to grow at significantly high CAGR owing the robust demand for service offerings.
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Rapid technological developments in the information technology sector and increasing business operations mark Asia-Pacific (APAC) as the most important market for Big Data in banking during the forecast period. The biggest contributors to this market are China and India that account for most of the revenue in the APAC region. Many organizations in the APAC region are increasingly depending on digital systems to realize their goals. Several vendors such as SAP and IBM provide wide-range of Big Data analytics services to banks in the region. Some of the core capabilities of these services include real-time monitoring, big cloud services, and other customized dashboards for easier retrieval of data to ease the workflows. These tools enable organizations for on-the-resource planning and offer modified plans to aid decision-making.
North America dominates the market owing to the presence of establishes players such as Microsoft Corporation, Hewlett-Packard Enterprise Development LP, International Business Machines Corporation, etc.
In 2018, the global Big data as a Service market size was 16000 million US$ and it is expected to reach 48900 million US$ by the end of 2025, with a CAGR of 15.0% during 2019-2025.
This report focuses on the global Big data as a Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Big data as a Service development in United States, Europe and China.
The key players covered in this study
Hewlett Packard Enterprise Development
SunGard Data Systems
Market segment by Type, the product can be split into
Data Analytics-as-a-Service (DAaaS)
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Market segment by Application, split into
Banking & Financial Services
Energy & Utilities
Media & Entertainment
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This post was originally published on Analytics News