Market Share of Big Data As A Service Industry
Big data services have the potential to disrupt competition by providing new opportunities for differentiation and value-added services and semi-conslidated. However, the availability of open-source tools has led to a significant expansion of capabilities in Big Data analytics technology, making it challenging for companies to keep up with rivals without giving away too much product performance. This environment can escalate costs and erode industry profitability. To stay competitive, major Big Data solution providers are acquiring or investing in startups and new technologies that support their overall product offerings. The market is also witnessing multiple partnerships and mergers as technological advancements bring sustainable competitive advantages to companies.
In May 2023, IBM has announced it has acquired Polar Security, and plans to integrate Polar Security’s DSPM technology within its Guardium family of leading data security products. With the integration of Polar Security’s DSPM technology, IBM Security Guardium will provide security teams with a data security platform that covers all types of data across all storage locations, SaaS, on premises and in public cloud infrastructure.
In November 2022, Wipro Ltd. launched the Wipro Data Intelligence Suite, a one-stop shop for accelerating cloud modernization and data monetization. The suite is designed to upgrade data estates, including data stores, pipelines, and visualizations, that run on Amazon Web Services (AWS).
In August 2022, Cloudera, a hybrid data startup, announced the release of Cloudera Data Platform (CDP) One. CDP One is a software-as-a-service (SaaS) product that provides quick and simple self-service analytics and exploratory data science on any type of data.
Big Data as a Service Market Leaders
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Oracle Corporation
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Amazon Inc.,
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Google LLC
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Microsoft Corporation
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IBM Corporation
*Disclaimer: Major Players sorted in no particular order
