Global Big Data and Business Analysis Market Analysis By Industry Growth, Size, Share, Demand, Trends and Research Report
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The big data and business analytics market is estimated to grow from a market value of about US $ 237.5 billion in 2022 to about US $ 490 billion by 2030, with a CAGR of 10.90% during the 2022-2030 forecast period.
Big data and business analysis help companies improve their decision-making ability. A way to look at large amounts of data to reveal useful information. In addition, organizations can uncover useful information such as business analytics and big data market trends and discover hidden patterns, customer preferences, and various unknown facts from the data. Organizations are also adopting big data analytics to improve their analytical skills, profits and risk management capabilities. Big data analytics can help businesses better understand the information they contain and provide data that is important to them.
In addition, key players are focusing on strategies such as product launches, innovations and M & A to maintain themselves in fierce competition. The growth of the big data and business analytics market is driven by the surge in adoption of big data analytics software by analyzing and acting on information in a timely manner. In addition, increasing demand for cloud-based big data analytics software among SMEs will have a positive impact on the growth of big data and business analytics markets. According to New Vantage Partners, the number of companies investing more than $ 500 million annually in big data has increased from 12.7% in 2018 to 21.1% in 2019.
However, high implementation costs and a shortage of skilled workers can hinder the growth of the big data and business analytics market during the 2022-2030 forecast period.
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Big data and business analytics market segment
The big data and business analytics market is by component (hardware, software, services), deployment model (on-premises, cloud), analytics tools (dashboard and data visualization, data mining and wear housing, self-service tools, etc.) By application (customer analysis, supply chain analysis, marketing analysis, price analysis, spatial analysis, labor force analysis, risk and credit analysis, transportation analysis), by industry (BFSI, manufacturing, healthcare, government, energy)・ Public interest business, transportation, retail / e-commerce, IT / telecom, education, etc.), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Big Data and Business Analysis Market Regional Overview
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. North America is the world's leading region in terms of market share. This is due to the surge in demand for digital transformation across large numbers of end users and the increasing convergence of various technologies such as artificial intelligence (AI) and big data and analytics. Meanwhile, the big data and business analytics markets in the Asia-Pacific region are expected to show the highest growth rate / CAGR during the forecast period (2022-2030).
For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)
Key players in the big data and business analytics market
Key players in the big data and business analytics market include Amazon Web Services, Fair Isaac Corporation, IBM Corporation, Microsoft Corporation, Oracle Corporation, Hewlett Packard Enterprise Development LP, and SAP SE. , SAS Institute Inc., TIBCO Software Inc., Teradata Corporation and more. This research includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the big data and business analysis markets.
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