(MENAFN- EIN Presswire) EINPresswire/ -- What Is The Expected Cagr For The Big Data Software As A Service Market Through 2025?
The market size of software as a service (SaaS) in big data has seen a quick escalation in the last few years. It is poised to surge from $19.20 billion in 2024 to $22.78 billion in 2025, marking a compound annual growth rate (CAGR) of 18.6%. This upward trajectory in the historical period is linked to factors such as greater acceptance of cloud computing, an uptick in enterprise need for data analytics, an explosion in IoT devices that produce enormous datasets, heightened investment in IT infrastructure, and a surge in early demand for solutions in business intelligence.

Expectations point towards an upcoming surge in the big data software as a service market size in the awaited years, forecasting a growth to $44.55 billion by 2029 at a compound annual growth rate (CAGR) of 18.3%. The propelled growth during this period is credited to the escalating interest in integrating AI and machine learning, the amplified emphasis on immediate data processing, the broadening of edge computing, the escalation in regulatory compliance and data governance necessities, and the surging demand for flexible and scalable SaaS platforms. Major trends anticipated during this forecast period include AI and machine learning implementation for predictive analytics, immediate data processing and streaming capabilities, improved security measures and privacy features in data, deployment models for both serverless and multi-cloud, and easy-to-use platforms with low-code/no-code for better data management and generating insights.

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What Are The Driving Factors Impacting The Big Data Software As A Service Market?
The progression of the big data software as a service market is anticipated to be amplified by the rising utilization of cloud-based solutions. These are services and applications delivered via the internet which provide adaptable access, scalable assets, and the ability to control data and software remotely. The demand for these cloud-based services is growing, as they ensure secure and remote access to data and applications, facilitating smooth collaboration without the need for physical hardware. Big data software provided as a service further enhances these cloud solutions by permitting businesses to analyze and visualize large volumes of data without the need for on-site infrastructure. This facilitates instantaneous insights, adaptable storage, and enables fluid collaboration among teams. As an example, data from Google Cloud, a cloud computing service based in the US, stated that the usage of several public clouds saw an increase of 26% in 2022 from 21% in 2021. Moreover, the use of hybrid cloud has also surged from 25% in 2021 to 42.5% in 2022. As such, the escalating adoption of these cloud-based solutions is fueling the expansion of the big data software as a service market.

Which Players Dominate The Big Data Software As A Service Industry Landscape?
Major players in the Big Data Software As A Service Global Market Report 2025 include:

. Google LLC
. Microsoft Corporation
. Amazon Web Services Inc
. International Business Machines Corporation
. Oracle Corporation
. SAP SE
. Salesforce Inc.
. Hewlett Packard Enterprise Development LP
. Databricks Inc
. SAS Institute Inc

What Are The Main Trends, Positively Impacting The Growth Of Big Data Software As A Service Market?
Leading corporations in the big data software-as-a-service market are honing their focus on the creation of sophisticated solutions such as comprehensive interactive environments. These solutions facilitate immediate data examination and generate actionable insights, which can steer informed business decisions. Comprehensive interactive environments are integrated platforms that allow users to effortlessly manage data exploration, programming, visualization, and model deployment, synchronizing workflows by bringing together several tools and languages into a single unified, cooperative interface. For example, Snowflake Inc., a cloud-based data storage firm based in the US, unveiled Snowflake Notebooks in June 2024. This is an integrated, comprehensive interactive environment on the Snowflake platform, specially crafted for data and AI groups. This cell-based interface merges Python, SQL, and Markdown, allowing users to perform data examination, analysis, machine learning model creation, and data engineering tasks. The tasks are conducted while making use of Snowflake's secure, scalable infrastructure and governance potential. Furthermore, this environment links with Snowpark ML, Streamlit, Cortex, and Iceberg tables, promoting seamless collaboration, automation, version control via native Git integration, and minimization of data movement. Ultimately, all these contribute to augmenting workflow proficiency on a single platform.

Global Big Data Software As A Service Market Segmentation By Type, Application, And Region
The big data software as a service market covered in this report is segmented as

1) By Component: Software, Services
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, Manufacturing, Information Technology (IT) And Telecommunications, Government, Other Industry Verticals

Subsegments:
1) By Software: Data Warehousing As A Service, Data Integration And Extract-Transform-Load (ETL) As A Service, Real-Time Stream Processing As A Service, Machine Learning Platform And Model Training As A Service, Advanced Analytics And Business Intelligence As A Service, Data Pipeline Orchestration And Scheduling, Data Cataloging And Metadata Management, Data Governance And Regulatory Compliance Management, Data Security And Access Control Management, Monitoring And Performance Management
2) By Services: Consulting And Advisory Services, Implementation And Deployment Services, Integration Services, Support And Maintenance Services, Training And Education Services, Managed Big Data Services, Cloud Migration Services, Custom Application Development Services

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Which Region Holds The Largest Market Share In The Big Data Software As A Service Market?
For the year 2024, North America led the global market for Big Data Software as a Service, boasting the largest regional share. The Big Data Software as a Service Global Market Report 2025 encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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