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BDaaS Market Set for Rapid Expansion
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BDaaS Market Set for Significant Growth
Overview
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The global Big Data as a Service (BDaaS) market is projected to expand by 25.7% CAGR from 2023 to 2032, reaching a valuation of US$247.7 billion. The growth is driven by industry demand for actionable insights, rising organizational data due to digitization, and the adoption of connected devices. Key players include IBM Corporation, Hewlett Packard Enterprise, and Oracle Corporation.
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How do government initiatives influence the development and adoption of Big Data as a Service technologies?
How might the rapid expansion of the BDaaS market impact industries' data analysis and decision-making processes?
What are the potential challenges or risks associated with the increasing adoption of connected devices in the BDaaS market?
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