Press release
Big Data And Analytics Market Trend, Analysis, Future Growth, Industry Trend, Forecast Period 2030
The Business Research Company
The global big data and analytics market is expected to grow from $134.31 billion in 2019 to $130.08 billion in 2020 at a compound annual growth rate (CAGR) of 2.93%. The decline in growth rate is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $188.07 billion in 2023 at CAGR of 12.99%.
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The big data and analytics market consists of sales of big data and analytics software used for data mining and predictive modeling. The sales consist of revenues generated by establishments that are primarily engaged in the development of software for big data and analytics like Hadoop, Tableau, Qubole and others.
The increasing investments in business intelligence, data analytics tools by major companies, and increasingly adopting different styles of analytics to resolve their business imperatives and personalize the service or product according to the customers aspirations boosts the growth of the big data and analytics market. For instance, Costco, a major retailer that collects its customers data on purchase to provide personalized service was able to warn its customers who bought stone fruits to warn them of possible contamination using the analytics software instead of sending a blanket message to everyone.
Big Data and Analytics Market Segmentation: -
By Analytics Tools
1. Dashboard & Data Visualization
2. Self-Service Tools
3. Data Mining & Warehousing
4. Reporting
5. Others
By End-User
1. BFSI
2. Retail
3. Manufacturing
4. IT and Telecom
5. Government
6. Healthcare
7. Utility
8. Others
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Few Points From Table Of Content
1. Executive Summary
2. Big Data and Analytics Market Characteristics
3. Big Data and Analytics Market Size And Growth
4. Big Data and Analytics Market Segmentation
5. Big Data and Analytics Market Regional And Country Analysis
……
25. Big Data and Analytics Market Competitive Landscape
26. Key Mergers And Acquisitions In The Big Data and Analytics Market
27. Big Data and Analytics Market Trends And Strategies
28. Big Data and Analytics Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the big data and analytics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the big data and analytics market are IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, Accenture, Salesforce, IBM Corporation, Cisco Systems.
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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