Press release
Spain Big Data and Data Engineering Services Market Size Statistics, Opportunities And Reports 2031
Big data and data engineering services market is expected to reach healthy CAGR in the forecast period of 2020 to 2027. The new market report contains data for the historic year 2018, the base year of calculation is 2018 and the forecast period is 2020 to 2027.The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
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In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei's global ICT exports by 228.2% year over year since 2009, while Sierra Leone's global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It's interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
Market Segmentation
Spain Big Data and Data Engineering Services Market By Service Type (Data Modelling, Data Analytics, Data Integration, Data Visualization, Data Quality), Business Function (Human Resources, Sales and Marketing, Finance, and Operation), Data Type (Structured Data, Unstructured Data, and Semi-Structured Data), Deployment Model (Cloud, On Premise), Organization Size (Large Organization, Small and Medium Organization), End User (Banking, Financial Services, and Insurance, IT and Telecommunication, Research and Academic, Government and Public Sector, Retail & Ecommerce, Manufacturing, Healthcare and Pharmaceuticals, Travel & Logistics, Energy and Utility, Media and Entertainment, and Others),Country (Spain), Market Trends and Forecast To 2027.
Factors contributing to the growth of the Spain Big Data and Data Engineering Services market are:
- Growing unstructured data
- Rising adoption of big data analytics in the financial service industry
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Key Market Players
The key market players of Spain big data and data engineering services market are:
- IBM Corporation
- Infosys Limited
- NTT DATA, Inc.
- KPMG International
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