DUBLIN--(BUSINESS WIRE)--Feb 10, 2020--

Growing demand in industries to gain actionable insights from big data and enormous growth of data due to digitization and automation across industries, to drive the adoption of BDaaS solutions

The BDaaS industry is growing rapidly owing to factors, such as growing demand in industries to gain actionable insights from big data and the enormous growth of data due to digitization and automation across industries. However, complexities in extracting valuable insights out of humongous data sources are expected to limit the growth of the market.

Hybrid cloud deployment type to grow at the highest CAGR during the forecast period

As organizations are facing a tremendous growth of unstructured data, the requirement for data analysis is gaining traction among industry verticals. This data repository is a mix of active and frequently used data or inactive and less frequently used data. The hybrid cloud deployment type combines the benefits of both public and private cloud, which helps organizations analyze inactive data over the public cloud and active and sensitive business data through a more secure private cloud.

Banking, Financial Services and Insurance industry vertical to hold the highest market share in 2019

The Banking, Financial Services and Insurance (BFSI) industry vertical leverage the power of big data analytics to face challenges, such as strict banking regulations and reduced interest rates. There is a huge amount of data which is collected by the industry and can be used to generate revenue. Hence, the BFSI industry vertical is one of the largest adopters of BDaaS technologies, especially Hadoop. With the help of advanced technologies used in BDaaS solutions, the BFSI industry can enhance its customer experience, enterprise information management; enterprise performance management; and Governance, Risk and Compliance (GRC) services. The industry is gaining significant benefits by deploying cloud-based big data analytics solutions due to the improvement of the business processes by centralized processing of financial data. The banking industry has huge volumes of customer data. Hence, the industry is deploying BDaaS solutions to extract valuable insights from these assets to enhance the overall customer experience.

Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is expected to experience significant growth opportunities during the forecast period. With the increasing adoption of cloud technologies, digitalization, and automation of business processes, the adoption of BDaaS solutions in APAC is significantly increasing. A rapid change in enterprise requirements due to this digitalization and automation of business processes is one of the factors driving the growth of the BDaaS market in this region. APAC further demonstrates a combination of high growth rate, developing economies, and the mass adoption of mobile and the internet, thereby boosting the adoption of BDaaS solutions. The region has a large customer base and a significant presence of Small and Medium-sized Enterprises (SMEs). The increasing adoption of cloud-based big data analytics solutions among SMEs is expected to be the major factor driving the growth of the BDaaS market in the region.

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall BDaaS market and its subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency Considered

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Assumptions for the Study

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Big Data as a Service Market

4.2 North America: Market, By Industry Vertical and Country

4.3 BDaaS Market: Major Regions

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

6 Big Data as a Service Market, By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 Big Data as a Service Market, By Organization Size

7.1 Introduction

7.2 Large Enterprises

7.3 Small and Medium-Sized Enterprises

8 Big Data as a Service Market, By Deployment Type

8.1 Introduction

8.2 Public Cloud

8.3 Hybrid Cloud

8.4 Private Cloud

9 Big Data as a Service Market, By Industry Vertical

9.1 Introduction

9.2 Banking, Financial Services, and Insurance

9.3 IT and Telecom

9.4 Healthcare and Life Sciences

9.5 Ecommerce and Retail

9.6 Manufacturing

9.7 Media and Entertainment

9.8 Others

10 Big Data as a Service Market, By Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Latin America

10.6 Middle East and Africa

11 Competitive Landscape

11.1 Introduction

11.2 Competitive Leadership Mapping

12 Company Profiles

12.1 Introduction

12.2 Google

12.3 Microsoft

12.4 Amazon Web Services

12.5 IBM

12.6 Oracle

12.7 SAP

12.8 Teradata

12.9 SAS

12.10 Dell Technologies

12.11 Hewlett Packard Enterprise

12.12 Salesforce

12.13 Splunk

12.14 Cloudera

12.15 CenturyLink

12.16 Qubole

12.17 Hitachi Vantara

12.18 IRI

12.19 GoodData

12.20 1010data

12.21 Guavus

12.22 Right to Win

For more information about this report visit https://www.researchandmarkets.com/r/etvbn7

Laura Wood, Senior Press Manager

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SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 02/10/2020 11:23 AM/DISC: 02/10/2020 11:23 AM

Copyright Business Wire 2020.