Global Big Data-as-a-Service (BDaaS) Market to Reach $247.8 Billion by 2030
The global market for Big Data-as-a-Service (BDaaS) estimated at US$52.2 Billion in the year 2023, is expected to reach US$247.8 Billion by 2030, growing at a CAGR of 24.9% over the period 2023-2030. BDaaS Solutions, one of the segments analyzed in the report, is expected to record 23.9% CAGR and reach US$141.8 Billion by the end of the analysis period. Growth in the BDaaS Services segment is estimated at 26.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.4 Billion, While China is Forecast to Grow at 31.4% CAGR
The Big Data-as-a-Service (BDaaS) market in the U.S. is estimated at US$13.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.2 Billion by the year 2030 trailing a CAGR of 31.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.8% and 21.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 20.4% CAGR.
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