The "Global Big Data as a Service Market (2021-2026) by Solution, Industry Vertical, Deployment, Organization Size, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Big Data as a Service Market is estimated to be USD 78.4 Bn in 2021 and is expected to reach USD 304.9 Bn by 2026, growing at a CAGR of 31.2%.

Growing demand in industries to gain actionable insights from big data and growth in data due to digitization and automation is majorly driving the market growth. The adoption of Big Data services for enhancing internal efficiency is trending across the industry verticals.

Various public and private sectors use Big Data to develop faster results, identify manufacturing glitches, and warn about security threats. However, data security concerns and lack of awareness of BDaaS solutions and professional expertise are expected to hinder the market growth.

Rapid Advancement of Cloud Ai, Ml, IoT, and advanced analytics is expected to increase opportunities for the market.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Big Data as a Service Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Growing Demand for a Unified Solution
• Reduction in Implementation Cost

Restraints

• Complexity in Data Consolidation
• Regulatory Compliance and Security Issues

Opportunities

• The Rise in Demand for Advanced Analytics and Data Warehousing Solutions
• Attractive Investment in IT Sectors

Challenges

• Privacy Concerns
• Lack of Awareness of BDaaS Solutions

Companies Mentioned

• 1010data
• Accenture
• Amazon Web Services
• CenturyLink
• Cisco
• Cloudera
• Dell EMC
• GoodData
• Google
• Guavus
• Hewlett Packard
• Hitachi Vantara
• International Business Machines
• IRI
• MapR Technologies
• Microsoft
• MicroStrategy
• Oracle
• Qubole
• Salesforce
• SAP
• SAS Institute
• Splunk
• SunGard Data Systems
• TeraData
• UST Global
• Wipro

For more information about this report visit https://www.researchandmarkets.com/r/2clwan

View source version on businesswire.com: https://www.businesswire.com/news/home/20220302005578/en/

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