How big is the Big Data As A Service Market?

The Big Data As A Service Market size is expected to reach USD 32.51 billion in 2024 and grow at a CAGR of 27.81% to reach USD 110.89 billion by 2029. Read More

What is the current Big Data As A Service Market size?

In 2024, the Big Data As A Service Market size is expected to reach USD 32.51 billion. Read More

Who are the key players in Big Data As A Service Market?

Oracle Corporation, Amazon Inc.,, Google LLC, Microsoft Corporation and IBM Corporation are the major companies operating in the Big Data As A Service Market. Read More

Which is the fastest growing region in Big Data As A Service Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Big Data As A Service Market?

In 2024, the North America accounts for the largest market share in Big Data As A Service Market. Read More

What years does this Big Data As A Service Market cover, and what was the market size in 2023?

In 2023, the Big Data As A Service Market size was estimated at USD 23.47 billion. The report covers the Big Data As A Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Big Data As A Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Big Data as a Service Market - Analysis & Trends

Big Data as a Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Big Data Services Market Size & Industry Share and It is Segmented by Deployment Type (On-Premise and Cloud), End-User (Telecom and IT, Energy and Power, BFSI, Healthcare, Retail, and Other End-Users), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Big Data as a Service Industry Overview

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.