Security News > 2022 > March > Big data as a service market to reach $101 billion by 2028

The global big data as a service market accounted for $11.3 billion in 2019 and is expected to reach $101 billion by 2028, growing at a CAGR of 27.4% from 2021 to 2028, according to Zion Market Research.

Big data as a service is an information or statistical tool which through the analysis of extensive data provides insights to the organization in order for it to gain competitive advantage.

As big data continues to expand in various organizations, big data as a service market will witness a significant growth.

The need for structured data in various organizations is driving the growth of big data as a service market.

With the largest share, North America was a leading regional market for big data as a service in 2020 followed by Asia Pacific.

North America is expected to be the fastest growing region for the big data as a service market.

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https://www.helpnetsecurity.com/2022/03/25/bdaas-market-2028/