Top Trends in Big Data-As-A-Service Market and Forecast Report till 2024

By allanl |Email | Oct 4, 2018 | 10128 Views

The large information that keeps on increasing or the data sets that are complicated need to be processed which is not possible by the traditional applications. The huge data that are created, stored, utilized and analyzed are referred to as big data. The problems such as analysis, transfer, capturing, curation, and data privacy can be handled by the big data. It helps in updating the products and also helps enterprises initiate dialogues with the consumers. Risk analysis can be done with the help of predictive analytics, which is backed by the big data. The features offered by the big data are developing fresh revenue streams, protecting the confidential information safe and low maintenance cost.

The global big data-as-a-service market is segmented into its solutions, deployment models, the size of the organization, verticals, and regions. Based on the type of solutions, the global big data-as-a-service market is categorized into Hadoop-as-a-service, data-as-a-service, and data analytics-as-a-service. On the basis of the deployment models, the global market is segregated into the public cloud, private cloud, and hybrid cloud. The global market is divided into two categories based on the size of the organization as small and medium-sized business and large enterprises. The big data-as-a-service market is segmented into healthcare and life sciences, manufacturing, IT and telecommunication, government, BFSI, retail and consumer goods, travel and hospitality, media and entertainment and others. The regions where the global big data-as-a-service market is diversified include Europe, Asia-Pacific, North America, Latin America, and the Middle East and Africa.

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Global Big Data-As-A-Service Market: Growth Factors
The global big data-as-a-service market is growing owing to the rise of various real-time information from different sources including but is not limited to, the social media, log files, mobile devices, and so on. The demand for big data is increasing across the different business segments and huge investments are made by the key market players in the development and research of the big data, which in turn will create great opportunities for the market. In the recent years, the major IT brands are introducing big data-as-a-service market solutions in the global market to improve their reputation and market value. This, in turn, is positively impacting them and hence they are able to generate clients for themselves. This, in turn, is helping the prominent market players to acquire new small-scale companies and hence increasing the competition in the market. The other features that are favoring the companies include joint ventures, constant up gradation and collaborations. The factor that hampers the market growth is related to privacy, which is affecting the market growth.

The big data-as-a-service market is dominated by North America. The U.S. is the major market in the North American region. The country has some of the prominent market players such as Dell, IBM, HP, and Cisco. These companies are improving their risk management skills and customer target marketing abilities with the help of the big data technologies. The use of big data technologies has improved the financial services market in America. Other regions have also adopted the big data technologies to improve their revenues.

Global Big Data-As-A-Service Market: Competitive Players
The key vendors that are occupying the big data-as-a-service market include EMC Corporation, Hewlett-Packard Company, Microsoft Corporation, SAP SE, Teradata Corporation, Datameer, Opera Solutions, MapR Technologies, Singapore Technologies Tele media, Northgate Capital, Red Hat, Amazon Web Services, Google, IBM Corporation, Oracle Corporation, SAS Institute, Inc., Birst, Sisense, SunGuard, Mirantis, Kleiner Perkins and Wipro Technologies.

Source: Zion Market Research