Big Data as a Service Market 2019 Global Research Report, Industry Size, Growth Factors, Emerging Technologies, Developments and Opportunity Assessment 2022
Market Research Future published a research report on “Global Big Data as a Service Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – May 9, 2019 /MarketersMedia/ —
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.
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.
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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.
Market Segmentation:
• By services, the global big data as a service market is segmented into HaaS (Hadoop as a Service), DaaS (Data as a Service), and AaaS (Analytics as a Service).
• By deployment, the big data as a service market has been segmented into on-premise, on-cloud, and hybrid.
• By industry, the global big data as a service market is segmented into BFSI, manufacturing, retail, healthcare, media & entertainment, government, and others.
• By organization size, the big data as a service market has been segmented into the small and medium enterprise, and large enterprise.
Regional Insights:
By region, the global big data as a service market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America held a dominant share of the market in 2016 and is projected to retain a significant share of the market during the forecast period. The favors favoring the growth of the regional market include the large-scale adoption of big data as a service across various industrial verticals. The consolidation of major key players in the U.S. has led the expansion of the big data as a service market in the region with the U.S. being one of the most prominent country-level markets.
Europe is another significant growth pocket of the big data as a service market. Although the market in Europe is undergoing a significant transformation and also lacks the advantageous consolidation of key players; still, it is projected to show a steep rise in the growth of the big data as a service market. The growth can be ascribed to the rapid adoption of the technology across different industry verticals coupled with increased application in IT & telecommunication sector.
Industry News:
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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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
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 510504
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