in ,

MarketsandMarkets: Global Big Data-as-a-Service Market to See 31.5% CAGR Through 2020

MarketsandMarkets: Global Big Data-as-a-Service Market to See 31.5% CAGR Through 2020 - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Big Data, AppsA new MarketsandMarkets report predicts the global market for big data-as-a-service to reach $7 billion in total value over the next five years, up from $1.8 billion in 2015.

The research firm said Monday the worldwide BDaaS market covers various big data services offered through cloud-based environments, such as Data Analytics-as-a-Service, Data-as-a-Service and Hadoop-as-a-Service.

According to the report, the market is poised to grow at a compound annual growth rate of 31.5 percent through 2020 and will be driven by the rising adoption of BDaaS across all sectors with Asia-Pacific, Europe and North America representing the largest markets during the forecast period.

MarketsandMarkets notes that security issues related to cloud-based data will likely to pose a challenge to the market“™s growth.

The report cited the following key market players:

  • Amazon Web Services
  • EMC Corp.
  • Google
  • Hewlett-Packard
  • IBM
  • Microsoft
  • Oracle
  • SAP SE
  • SAS Institute
  • Teradata Corp.
ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Big Data & Analytics News

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

Lockheed“™s Jessica Nielsen Receives Brand Marketing Award - top government contractors - best government contracting event
Lockheed“™s Jessica Nielsen Receives Brand Marketing Award
Exelis to Engineer Air Force Countermeasures Phased Array Antenna - top government contractors - best government contracting event
Exelis to Engineer Air Force Countermeasures Phased Array Antenna