Outlook of Big Data as a Service Market Report During 2016-2020

RnRMarketResearch.com adds Global Big Data as a Service Market 2016-2020 a new research reports in its store. Extensive research carried out by the analysts has shown that the global big data as a service market will grow tremendously at an impressive CAGR of more than 60% over the forecast period.

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With the increasing use of cloud-based predictive analytics, the market for big data as a service has a positive outlook until the end of 2020. Recently, there has been an upsurge in the number of predictive modeling tools, accompanied with interactive visualization and automation. These tools aid in accelerating the methods of developing, ascertaining and analyzing predictive models that are used by financial institutions for conducting operations such as customer analytics, product innovation, risk reporting, and threat management. Moreover, organizations are streamlining their sales pipelines from lead generation to customer base resulting in the generation of large volumes of customer data. With an increasing number of industries such as retail, banking, insurance, and financial services adopting big data solutions, this market has a positive outlook in the coming years.

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In this market research, analysts have estimated eminent factors, such as the emergence of social media analytics to spur market growth during the forecast period. Over the past few years, social media has emerged as a primary data source for most retail organizations as they can obtain instant feedback about their products and services through blogs and social networking sites. A rapid increase in the number of social media sites has created an augmented demand to track user interactions on these sites. Moreover, the increasing importance of sentiment analysis and advances in...