The evolution of technological tools has enabled solutions to be delivered as a service. Owing to this, Software as a Service (SaaS), Platform as a Service (PaaS), and Data as a Service (DaaS) have emerged as potential growth opportunities for Big Data vendors.
- Owing to the benefits the technology offers, cloud computing is witnessing a rapid increase in its adoption. According to Forbes, demand for cloud computing is anticipated to increase to USD 160 billion by 2020, attaining a growth rate of 19%.
- Further, governments are supporting open data technology. For instance, Buenos Aires in Argentina, La Libertad in Peru, and Sao Paolo in Brazil have committed to government transparency and have welcomed new forms of social participation. Groups, such as ABRELATAM, the Inter-American Development Bank, and Latin America Open Data Initiative are working across Latin America to scale open data initiatives that reduce corruption, increase the resilience of cities, reduce violence against women, and improve health service delivery.
Scope of the Report
Big Data as a Service (BDaaS) is the delivery of statistical analysis tools or information by an outside provider that helps organizations understand and use insights from large information sets in order to gain a competitive advantage.
Explore more: Global Big data as a Service Market