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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

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.
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