Big Data as a Service Market Share, Outlook, Future Growth and Opportunities by 2024
According to the new report by IMARC Group, the global big data as a service market size is projected to reach US$ 17.1 Billion by 2024, registering a CAGR of 25.2% during 2019-2024. Big data refers to a complex and voluminous data set that cannot be stored or processed efficiently using traditional data management tools. Big data as a service (BDaaS) is the software solution used by organizations to understand and use insights analyzed computationally to reveal patterns, trends and associations, especially relating to human behavior and interactions. It is generally operated by a team of data scientists over the internet or cloud to preserve continual data access for the company that owns the information, as well as the provider working with it. Nowadays, big data as a service is gaining immense traction across the globe as it aids in real-time monitoring for easy retrieval of data to improve workflows and operational efficiencies. Global Big Data as a Service Market ...