SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Big Data-as-a-Service (BDaaS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 4; Released: January 2022
Executive Pool: 88400
Companies: 67 - Players covered include 1010data; Amazon Web Services; CenturyLink; Cloudera; Dell Technologies; GoodData; Google; Guavus; Hewlett Packard Enterprise; Hitachi Vantara and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Deployment (Public Cloud, Private Cloud, Hybrid Cloud); Vertical (BFSI, IT & Telecom, Manufacturing, Government, Retail, Healthcare & Life Sciences, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Big Data-as-a-Service (BDaaS) Market to Reach $58.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Big Data-as-a-Service (BDaaS) estimated at US$14.4 Billion, is projected to reach a revised size of US$58.2 Billion by 2026, growing at a CAGR of 25.5% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 25% CAGR and reach US$42.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 26.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $13.6 Billion by 2026
The Big Data-as-a-Service (BDaaS) market in the U.S. is estimated at US$5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.6 Billion by the year 2026 trailing a CAGR of 31.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 23.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.9% CAGR.
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