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Big Data as a Service Market Size Worth $51.9 Billion By 2025: Grand View Research, Inc.SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- The global big data as a service (BDaaS) market is estimated to reach USD 51.9 billion by 2025, registering a CAGR of 38.7% over the forecast period, according to a new study by Grand View Research, Inc. The combination of big data analytics technologies and cloud computing platforms has led to the development of Big Data as a Service or BDaaS. BDaaS offers analyses of large and complex datasets over the Internet or as cloud-hosted services. The increasing requirement of structured data for analyses, which helps organizations achieve targets, coupled with the growing number of social media platforms and users accessing accessible multimedia content on the Internet, such as videos, audio, and text, are anticipated to drive the market growth over the forecast period. Key suggestions from the report:
Read 80 page research report with ToC on "Big Data as a Service Market Size, Share, And Trends Analysis Report, By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By Solution, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/big-data-as-a-service-bdaas-market Data-Driven Decision Making (DDDM) helps in addressing the problem of unstructured data analysis and enables organizations to make more infored decisions with transparency and accountability. It also offers increased capacity to scale changes and flexibility in modeling change scenarios, among others. For instance, Google has created a People Analytics Department that supports the organization in making decisions with fact-based data. In this department, Google has created a group called Information Lab, which includes social scientists who conduct innovative research that has changed the organizational practice within the company. The growing adoption of social media analytics in BDaaS to monitor consumer preferences and offer personalization insights is anticipated to propel market growth over the forecast period. Moreover, the increasing importance of sentiment analysis has also encouraged enterprises to integrate social media into their business processes. This has resulted in a large amount of data being stored by organizations, which in turn, is expected to propel market growth over the forecast period. Key market players are focusing on mergers & acquisitions to enhance their regional presence and target new customers across the globe. However, increasing privacy concerns coupled with the rapidly rising purchase costs and costs for installation, deployment, and maintenance may hamper the market over the forecast period. Grand View Research has segmented the global Big Data as a Service market based on deployment, solution, enterprise size, end use, and region: Big Data as a Service Deployment Outlook (Revenue, USD Million, 2015 - 2025)
Big Data as a Service Solution Outlook (Revenue, USD Million, 2015 - 2025)
Big Data as a Service Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)
Big Data as a Service End Use Outlook (Revenue, USD Million, 2015 - 2025)
Big Data as a Service Regional Outlook (Revenue, USD Million, 2015 - 2025)
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Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg |