“Global Big Data as a Service Market Research Report 2019-2024”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
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.
Companies Include 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.
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2017, the building wall application dominated the market with a share of around 60%.
Big Data services have the potential to shift rivalry, opening up numerous new avenues for differentiation and value-added services. The huge expansion of capabilities in the Big Data analytics technology (owing to the availability of open-source tools) may also push the companies to keep up with rivals and give away too much of the improved product performance, an environment that escalates costs and erodes industry profitability. The major Big Data solution providers are acquiring or investing in new startups and technologies that support their overall product offerings.
Key Market Trend
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. 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.
Toy, Hobby, and DIY Segment Accounts for a Major Share in the Market :-
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.
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Essential points covered in Global Big Data as a Service Market 2019 Research are:-
- What will the Big Data as a Service market size and the growth rate be in 2024?
- What are the key factors driving the Global Big Data as a Service market?
- What are the key market trends impacting the growth of the Global Big Data as a Service market?
- What are the challenges to Big Data as a Service market growth?
- Who are the key vendors in the Global Big Data as a Service market?
- What are the market opportunities and threats faced by the vendors in the Global Big Data as a Service market?
- What are the key outcomes of the five forces analysis of the Global Big Data as a Service market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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