Big Data as a Service Market 2020 | Research Objectives and Methodology, Growth Analysis, Top Manufacturers Sales, and Cost Structures Forecast 2024

Big Data as a Service

The “Big Data as a Service Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Big Data as a Service market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Big Data as a Service market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Big Data as a Service market that will impact the demand during the forecast period.

Scope of the Report:

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.

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Market Overview:

  • In 2018, the Big Data as a Service (BDaaS) market was valued at USD 8.90 billion, and is expected to reach a value of USD 31.75 billion by 2024, at a CAGR of 24.51%, over the forecast period. The evolution of technological tools has enabled solutions to be delivered as a service. Owing to this, Software as a Service (SaaS), Platform as a Service (PaaS), and Data as a Service (DaaS) have emerged as potential growth opportunities for Big Data vendors.
  • Owing to the benefits the technology offers, cloud computing is witnessing a rapid increase in its adoption. According to Forbes, cloud computing demand is anticipated to increase to USD 160 billion by 2020, attaining a growth rate of 19%.
  • Further, governments are supporting open data technology. For instance, Buenos Aires in Argentina, La Libertad in Peru, and Sao Paolo in Brazil have committed to government transparency and have welcomed new forms of social participation. Groups, such as ABRELATAM, the Inter-American Development Bank, and Latin America Open Data Initiative are working across Latin America to scale open data initiatives that reduce corruption, increase the resilience of cities, reduce violence against women, and improve health service delivery.
  • Some of the Top Key Players of Big Data as a Service Market Report Are:

  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Hewlett
  • Packard Company
  • SAS Institute
  • Accenture PLC
  • Information Builders Inc.
  • Google LLC
  • Amazon Web Services Inc.
  • Alteryx Ltd
  • Wipro Ltd
  • Opera Solutions LLC
  • Guavus Inc.
  • MapR Technologies Inc.

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Private Cloud has Significant Share In the Market

    Private cloud services are explicitly designed for the organization’s needs. They are usually offered via a private network or corporate WAN, rather than an open Internet source.

    Private cloud services allow organizations to set up IT architectures (e.g., by specifying their requirements for security and service-level agreements), and also allow applications hosted in the cloud to integrate with applications that are kept in-house.

    In a private cloud, both infrastructure and services are always maintained on a private network, and software and hardware are dedicated solely to the client organization. They ensure that no data is misplaced or lost, and also provide the flexibility of control to modify resource configuration according to demand.

    The United States Occupied the Largest Share In the Market

    United States is expected to dominate the regional and global big data as a service market over the forecast period, as most of the major vendors in the market are US based and also the adoption of big data services are very high in the regional discrete manufacturing, banking, process manufacturing, professional services, and federal/central government sectors.

    According to the Digital Change Survey done by IFS in 2017 to assess the maturity of digital transformation in a range of sectors such as manufacturing, oil and gas, aviation, construction and contracting, 46% of the companies in all industries are looking to invest in the big data and analytics in the country.

    Adoption of big data services for enhancing internal efficiency is trending in the country. 43% of companies in the above survey also identified internal process efficiency as the primary driving force behind the digital transformation.

    American multinational corporation, Intel is finding significant value in big data. The company uses big data to develop chips faster, identify manufacturing glitches and warn about security threats. By adopting Big Data, the company has been able to enable predictive analysis and save around USD 30 million on its Quality Assurance spend while still improving quality.

    The manufacturing sector is also forecast to increase faster than the general economy. According to the MAPI (Manufacturers Alliance for Productivity and Innovation) foundation, production will grow by 2.8% from 2018 to 2021. Further, the rising adoption of SaaS among local SMEs is expected to expand the studied market scope over the forecast period.

    The Report Covers:

    • Comprehensive research methodology of Big Data as a Service market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Big Data as a Service market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Big Data as a Service Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Cloud Adoption And Rise In The Data Volume Generated
    4.3.2 Increasing Demand For Improving Organization’s Internal Efficiency
    4.4 Market Restraints
    4.4.1 Data Security Concerns
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-premise
    5.1.2 Cloud
    5.1.2.1 Private
    5.1.2.2 Public
    5.1.2.3 Hybrid
    5.2 By End User
    5.2.1 IT and Telecommunication
    5.2.2 Energy and Power
    5.2.3 BFSI
    5.2.4 Healthcare
    5.2.5 Retail
    5.2.6 Manufacturing
    5.2.7 Other End Users
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 South Korea
    5.3.3.5 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.4.1 Brazil
    5.3.4.2 Mexico
    5.3.4.3 Rest of Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Microsoft Corporation
    6.1.3 Oracle Corporation
    6.1.4 SAP SE
    6.1.5 Hewlett-Packard Company
    6.1.6 SAS Institute
    6.1.7 Accenture PLC
    6.1.8 Information Builders Inc.
    6.1.9 Google LLC
    6.1.10 Amazon Web Services Inc.
    6.1.11 Alteryx Ltd
    6.1.12 Wipro Ltd
    6.1.13 Opera Solutions LLC
    6.1.14 Guavus Inc.
    6.1.15 MapR Technologies Inc.

    7 MARKET INVESTMENT

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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