Big Data as a Service is a set of analytical tools to thoroughly analyze the massive amount of data. The Asia Pacific Big data as a service market was valued at $XX billion in 2018 and is projected to reach $XX billion by 2027 at a CAGR of 17.31% from 2019 to 2027.
In Asia-Pacific, Big Data has its application primarily in healthcare, manufacturing, defense, retail, and media & entertainment sector. The Asia Pacific big data market is expected to be on up-surging trend owing by government initiatives supporting digital technologies. The countries analyzed for the market study are China, India, Japan, Australia, South Korea, and the remaining countries collectively forming the Rest of Asia Pacific. The increasing number of smartphones and internet users has led to the generation of high volumes of data in small and medium businesses and large businesses. These growing internet penetrations are creating a large volume of data.
SAP SE, Opera Solutions, Alteryx Ltd., Microsoft Corporation, Amazon Web Service, Inc., Oracle Corporation, SAS Institute, Wipro Ltd., Guavus Inc. (acquired by Thales), International Business Machines Corporation, Accenture, Google LLC, Information Builders Inc., Hewlett Packard Enterprise Company, and MAPR Technologies are the major companies mentioned in the report.