Product Code: 138691-08-22
Key Market Insights
Rapid adoption of cloud technology will spur the market revenue growth
The global big data analytics market was valued at US$ 51.81 Bn in 2021 and is projected to grow to US$ 142.5 Bn growing at a CAGR of 11.9% during the forecast period from 2022 to 2030.
The increasing penetration of smartphones results in increased digital interaction which in turn is generating massive amounts of data. To manage this data advanced analytics solution is required driving the growth of the big data analytics market. The modern approach towards data warehouses for storing and processing large amounts of data creates lucrative opportunities for organizations to identify and understand data. Thus, boosting the growth of the big data analytics market.
Big data analytics can be called the heart of the digital world, on the basis of analyzing and converting data into information that provides valuable insights to businesses. Clouds are the major platforms for big data analytics apps in the world. Moreover, the hybrid cloud platform is majorly adopted by large organizations to run big data analytics whereas public clouds are becoming predominant for small and medium-sized organizations.
Platform Analysis
Service segment to dominate the market throughout the forecast period
Based on the platform, the services segment accounted for more than 1/3rd of the revenue share of global big data analytics market revenue. Owing to the benefits offered including personalized experience, ability to add real-time data for companies, unique view of customers including countless descriptive, calculated, and industry-specific metrics to organizations to understand client requirements among others.
In contrast, the software segment is anticipated to witness the highest growth throughout the forecast period. This can be associated with the rising adoption of big data analytics software by many mid-sized and small-sized firms, and benefits of big data such as real-time forecasting and monitoring, the capability to locate, extract and analyze data with different tools among others. Additionally, the increasing trend of adopting various tools including data science, analytic application, and stream processing among others is further fueling the growth of the big data analytics market.
End-user Analysis
IT & Telecom segment is anticipated to be dominant throughout the forecast period
Based on end-use, the global big data analytics market is segmented into BFSI, IT & Telecom, Healthcare, Government, Manufacturing, and Others (Education, and Logistics, etc.). IT & Telecom, segment dominates the big data analytics market accounting for a revenue share of more than 30%. Owing to the requirement to increase revenue, generate new business, and reducing the churn rate among others is fueling the market growth. Additionally, IT & telecom sector companies are increasingly adopting cloud technology to deploy big data analytics in their organizations. According to a recent study, more than 90% of organizations are investing in AI and Machine Learning capabilities in 2019 compared to 68% in 2017.
On the contrary, the BFSI segment is projected to register maximum growth throughout the forecast period. Owing to the increasing adoption of AI, machine learning, and data science among others in business services companies. According to a recent report, by 2021, the public cloud will become the dominant and most preferred big data analytics approach for every customer segment including large organizations.
Regional Analysis
Rapid adoption of advanced technology to proliferate the growth in the Asia Pacific region
In 2021, the North America region is the most dominating region worldwide accounting for more than 35% of market revenue and is anticipated to be dominating throughout the forecast period. The US in particular accounts for more than 80% of the market share and is the leading revenue contributor to the big data analytics market. This is due to the North America region being one of the early adopters of technology, increasing investments, and the presence of major organizations in the region with significant adoption of big data analytics among others is expected to proliferate big data analytics market growth.
On the contrary, the Asia Pacific region is anticipated to register the highest growth during the forecast period. Owing to, the exponential growth in adoption advanced technology among businesses, and high capital investment to deploy big data analytics in organizations among others. China will be leading the big data analytics market in the Asia Pacific region and expected to register the highest growth. Thus proliferating the big data analytics market growth. For instance, Qzone has reported that in a single month more than 6 Bn photographs are uploaded, China Unicorn reports more than 1 million records per second and stores more than 2 trillion new records each month, and Baidu responds to 6 Billion searches on more than 1 trillion of its website pages among others. Thus bolstering the growth of the big data analytics market.
List of Companies Covered:
IBM Corporation
Splunk Inc.
Dell Inc.
Oracle Corporation
AWS
Accenture Plc.
Palantir Technologies
HPE Company
SAP SE
Microsoft Corporation
Cisco Systems Inc.
Key Industry Development:
In November 2018, HPE announced the acquisition of BlueData a leading big data analytics and Artificial Intelligence Company. This acquisition has helped HPE to expand its product portfolio.
In August 2019, Salesforce announced the acquisition of Tableau with MuleSoft for US$ 15.7 Bn. This acquisition will enable Salesforce to provide 360 customer service and further enhance its analytics capabilities.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Big Data Analytics market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Big Data Analytics market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Billion
Segmentation
Platform
Hardware
Software
Analytics Applications
Data Science
Stream Processing
Application Infrastructure
Analytic and Application Databases
Services
Deployment Mode
On-premise
Cloud-based
Public Cloud
Private Cloud
Hybrid Cloud
Organization Size
Small & Medium Enterprises
Large Enterprises
End-user
BFSI
IT & Telecom
Healthcare
Government
Manufacturing
Others (Education, Logistics, & Retail etc.)
Region Segment (2020-2030; US$ Billion)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Billion )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Big Data Analytics market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Big Data Analytics market?
- Which is the largest regional market for Big Data Analytics market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Big Data Analytics market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Big Data Analytics market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Big Data Analytics Market
- 2.2. Global Big Data Analytics Market, By Platform, 2021 (US$ Billion)
- 2.3. Global Big Data Analytics Market, By Deployment Mode, 2021 (US$ Billion)
- 2.4. Global Big Data Analytics Market, By Organization Size, 2021 (US$ Billion)
- 2.5. Global Big Data Analytics Market, By End-user, 2021 (US$ Billion)
- 2.6. Global Big Data Analytics Market, By Geography, 2021 (US$ Billion)
- 2.7. Impact of Covid 19
- 2.8. Attractive Investment Proposition by Geography, 2021
- 2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Big Data Analytics Market Vendors
- 2.9.2. Strategies Adopted by Big Data Analytics Market Vendors
- 2.9.3. Key Industry Strategies
3. Big Data Analytics Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Big Data Analytics Market Value, 2020 - 2030, (US$ Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Hardware
- 4.3.2. Software
- 4.3.2.1. Analytics Applications
- 4.3.2.2. Data Science
- 4.3.2.3. Stream Processing
- 4.3.2.4. Application Infrastructure
- 4.3.2.5. Analytic and Application Databases
- 4.3.3. Services
5. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. On-premise
- 5.3.2. Cloud-based
- 5.3.2.1. Public Cloud
- 5.3.2.2. Private Cloud
- 5.3.2.3. Hybrid Cloud
6. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Small & Medium Enterprises
- 6.3.2. Large Enterprises
7. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. BFSI
- 7.3.2. IT & Telecom
- 7.3.3. Healthcare
- 7.3.4. Government
- 7.3.5. Manufacturing
- 7.3.6. Others (Education, Logistics, & Retail etc.)
8. North America Big Data Analytics Market, 2020-2030, USD (Billion)
- 8.1. Market Overview
- 8.2. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 8.3. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 8.4. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 8.5. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 8.6.Big Data Analytics Market: By Region, 2020-2030, USD (Billion)
- 8.6.1.North America
- 8.6.1.1. U.S.
- 8.6.1.2. Canada
- 8.6.1.3. Rest of North America
9. UK and European Union Big Data Analytics Market, 2020-2030, USD (Billion)
- 9.1. Market Overview
- 9.2. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 9.3. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 9.4. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 9.5. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 9.6.Big Data Analytics Market: By Region, 2020-2030, USD (Billion)
- 9.6.1.UK and European Union
- 9.6.1.1. UK
- 9.6.1.2. Germany
- 9.6.1.3. Spain
- 9.6.1.4. Italy
- 9.6.1.5. France
- 9.6.1.6. Rest of Europe
10. Asia Pacific Big Data Analytics Market, 2020-2030, USD (Billion)
- 10.1. Market Overview
- 10.2. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 10.3. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 10.4. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 10.5. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 10.6.Big Data Analytics Market: By Region, 2020-2030, USD (Billion)
- 10.6.1.Asia Pacific
- 10.6.1.1. China
- 10.6.1.2. Japan
- 10.6.1.3. India
- 10.6.1.4. Australia
- 10.6.1.5. South Korea
- 10.6.1.6. Rest of Asia Pacific
11. Latin America Big Data Analytics Market, 2020-2030, USD (Billion)
- 11.1. Market Overview
- 11.2. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 11.3. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 11.4. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 11.5. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 11.6.Big Data Analytics Market: By Region, 2020-2030, USD (Billion)
- 11.6.1.Latin America
- 11.6.1.1. Brazil
- 11.6.1.2. Mexico
- 11.6.1.3. Rest of Latin America
12. Middle East and Africa Big Data Analytics Market, 2020-2030, USD (Billion)
- 12.1. Market Overview
- 12.2. Big Data Analytics Market: By Platform, 2020-2030, USD (Billion)
- 12.3. Big Data Analytics Market: By Deployment Mode, 2020-2030, USD (Billion)
- 12.4. Big Data Analytics Market: By Organization Size, 2020-2030, USD (Billion)
- 12.5. Big Data Analytics Market: By End-user, 2020-2030, USD (Billion)
- 12.6.Big Data Analytics Market: By Region, 2020-2030, USD (Billion)
- 12.6.1.Middle East and Africa
- 12.6.1.1. GCC
- 12.6.1.2. Africa
- 12.6.1.3. Rest of Middle East and Africa
13. Company Profile
- 13.1. IBM Corporation
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Splunk Inc.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Dell Inc.
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Oracle Corporation
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. AWS
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Accenture Plc.
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Palantir Technologies
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. HPE Company
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. SAP SE
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Microsoft Corporation
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Cisco Systems Inc.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 2 Global Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 3 Global Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 4 Global Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 5 Global Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 6 Global Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
- TABLE 7 North America Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 8 North America Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 9 North America Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 10 North America Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 11 North America Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 12 North America Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
- TABLE 13 UK and European Union Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 14 UK and European Union Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 15 UK and European Union Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 16 UK and European Union Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 17 UK and European Union Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 18 UK and European Union Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
- TABLE 19 Asia Pacific Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 20 Asia Pacific Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 21 Asia Pacific Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 22 Asia Pacific Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 23 Asia Pacific Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 24 Asia Pacific Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
- TABLE 25 Latin America Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 26 Latin America Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 27 Latin America Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 28 Latin America Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 29 Latin America Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 30 Latin America Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
- TABLE 31 Middle East and Africa Big Data Analytics Market By Platform, 2020-2030, USD (Billion)
- TABLE 32 Middle East and Africa Big Data Analytics Market By Software, 2020-2030, USD (Billion)
- TABLE 33 Middle East and Africa Big Data Analytics Market By Deployment Mode, 2020-2030, USD (Billion)
- TABLE 34 Middle East and Africa Big Data Analytics Market By Cloud-based, 2020-2030, USD (Billion)
- TABLE 35 Middle East and Africa Big Data Analytics Market By Organization Size, 2020-2030, USD (Billion)
- TABLE 36 Middle East and Africa Big Data Analytics Market By End-user, 2020-2030, USD (Billion)
List of Figures
- FIG. 1 Global Big Data Analytics Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Big Data Analytics Market: Quality Assurance
- FIG. 5 Global Big Data Analytics Market, By Platform, 2021
- FIG. 6 Global Big Data Analytics Market, By Deployment Mode, 2021
- FIG. 7 Global Big Data Analytics Market, By Organization Size, 2021
- FIG. 8 Global Big Data Analytics Market, By End-user, 2021
- FIG. 9 Global Big Data Analytics Market, By Geography, 2021
- FIG. 10 Global Big Data Analytics Market, By Platform, 2021 Vs 2030, %
- FIG. 11 Global Big Data Analytics Market, By Deployment Mode, 2021 Vs 2030, %
- FIG. 12 Global Big Data Analytics Market, By Organization Size, 2021 Vs 2030, %
- FIG. 13 Global Big Data Analytics Market, By End-user, 2021 Vs 2030, %
- FIG. 14 U.S. Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 15 Canada Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 16 Rest of North America Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 17 UK Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 18 Germany Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 19 Spain Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 20 Italy Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 21 France Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 22 Rest of Europe Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 23 China Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 24 Japan Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 25 India Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 26 Australia Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 27 South Korea Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 28 Rest of Asia Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 29 Brazil Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 30 Mexico Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 31 Rest of Latin America Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 32 GCC Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 33 Africa Big Data Analytics Market (US$ Billion), 2020 - 2030
- FIG. 34 Rest of Middle East and Africa Big Data Analytics Market (US$ Billion), 2020 - 2030