Big Data as a Service Market Analysis Report, By Deployment, By Solution, By Enterprise Size, By End Use, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The big data as a service market size across the globe was valued at USD 5,356.8 million in 2018. It is projected to witness a 38.7% CAGR over the forecasted years, 2019 to 2025. The increasing need for storing, managing, and processing large volumes of datasets is projected to drive the market growth for BDaaS in the upcoming years.

The BDaaS is a mixture of cloud computing and big data technologies which enables users to reduce the time and cost required for the deployment of several big data projects. It also allows large organizations to manage their data and provides easy access to their departments.

The demand for BDaaS is driven by the rising need for carrying out data analysis and to derive insights from the analysis. Further, the surging usage of the internet and e-commerce portals has resulted in the generation of a large amount of data. It also acts as a major data source for several retail organizations from which they can get feedback about services and products. These factors are expected to drive market growth in the upcoming years.

Deployment Insights

The public cloud deployment segment held a significant share across the global market in 2018. This can be associated with its ability to permit users for storing and managing large datasets. While its other benefits like agility and elasticity are projected to drive the market growth for this segment.

The hybrid cloud segment is expected to register the highest CAGR of 40.0% across the global market over the forecast period. This can be attributed to its benefits like scalability, cost efficiency security, and flexibility. For example, hybrid cloud solutions like security, networking, and management are being offered by Microsoft Azure. 

Solution Insights

In 2018, the solution segment of Hadoop-as-a-Service held a share of around 20.0% across the global Big Data as a Service (BDaaS) market. This can be associated with the surging number of companies adopting these solutions for their data storage. Since its open-source software, it allows users to analyze and store huge volumes of data in varied computing environments.

The solution segment of DAaaS (Data Analytics-as-a-Service) is projected to witness significant growth in the upcoming years. This can be attributed to its surging adoption by a majority of the enterprises. Also, its features like reduction in development, protection, and running of applications are anticipated to drive the market growth.

Enterprise Size Insights

The segment of large enterprises held the largest share across the global market in 2018. Exponential growth in the number of datasets coupled with availability of data handling solutions like data warehousing, a data hub, data migration, and data transformation. Also, increasing involvement of financial institutions and banks for development, designing, and support for ETL process (Extract, Transform, and Load) process is projected to drive the market growth.

The segment of small & medium businesses accounted for a share of nearly 25% across the global market in 2018. It is also expected to register the highest CAGR from 2019 to 2025. This can be associated with the salient features of BDaaS like the ease of accessibility and requirement of low cost for setting up data centers.

End-Use Insights

The end-user segment of BFSI dominated the global market in 2018. This can be associated with the surging need for regulatory scrutiny coupled with enhanced customer satisfaction owing to benefits like risk management, customized solutions, and risk management.

The manufacturing segment is projected to register the highest CAGR over the forecasted years, 2019 to 2025. This can be associated with its benefits like mass customization, enhanced supply, and quality planning, and defect detection. The IT & telecommunication segment is also projected to register substantial growth in the upcoming years.

Regional Insights

North America held the largest share of around 35.0% across the global BDaaS market in 2018. This can be attributed to the increasing number of e-commerce portals and the rise in funding to carry out various governments’ big data projects across the U.S. Also, the surging adoption of BDaaS across professional service, manufacturing, and banking sectors is projected to drive market growth in the upcoming years.

The Asia Pacific is projected to register substantial growth from 2019 to 2025. This can be associated with the increasing usage of the internet and smartphones which generate big data. Also, the surging adoption of BDaaS by large organizations and startups across this region is contributing to the market growth across this region. 

COVID-19 Impact Insights

The global market for BDaaS has been impacted positively on account of the ongoing COVID-19 pandemic. This can be associated with the surging need for storing huge amounts of data across pharmaceutical and healthcare sectors for the development of medicines and vaccines. Also, the imposition of lockdown and travel restrictions has increased the usage of the internet. These factors are anticipated to contribute majorly to data generation, thereby driving the need for storage solutions like BDaaS. Further, rapid technological advances are expected to propel market growth over the post-pandemic period.

Big Data as a Service Market Share Insight

The key players in the market are SAP SE, Amazon.com, Inc., Microsoft Corporation, Google LLC, Oracle Corporation, Cloudera, Inc., Teradata Corporation; and Accenture plc. Many service providers have started collaborating with several banks for widening their geographical reach.

For example, IBM signed an agreement with a Japanese Bank named Fukui Bank in 2019. This partnership was aimed to transfer the critical workload of the banks to the IBM cloud that would enable the bank in supporting the initiative of native community development. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2015 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global Big Data as a Service market on the basis of deployment, solution, enterprise size, end-use, and region:

• Deployment Outlook (Revenue, USD Million, 2015 - 2025)
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud

• Solution Outlook (Revenue, USD Million, 2015 - 2025)
    • Hadoop-as-a-Service
    • Data-as-a-Service
    • Data Analytics-as-a-Service

• Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)
    • Small and Medium-sized business
    • Large enterprise

• End-Use Outlook (Revenue, USD Million, 2015 - 2025)
    • BFSI
    • Manufacturing
    • Retail
    • Media & Entertainment
    • Healthcare
    • IT & Telecommunication
    • Government
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
    • The Asia Pacific
        • India
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa