Europe Big Data Analytics Market Worth US$ 153.92 Million by 2028 - COVID-19 Impact and Global Analysis by Business Market Insights

The Europe big data analytics market is expected to grow from US$ 63.89 million in 2022 to US$ 153.92 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.

Firms can access, store, and process huge amounts of data due to advances in information technologies. Organizations analyze data sets and generate significant insights to apply to their operations, thereby demonstrating the importance of big data in several industries. Due to the broad adoption of digital technology, big data analytics (BDA) has emerged as a vital business competency for firms seeking to extract value from an ever-increasing volume of data to achieve a competitive advantage. BDA in logistics and supply chain management (LSCM) has gotten tremendous attention due to its complexity and the important role of LSCM in improving overall business performance.

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key companies profiled in this research study are:
1. Amazon Web Services
2. FICO
3. Hewlett Packard Enterprise Development LP (HPE)
4. IBM Corporation
5. Microsoft Corporation
6. Oracle Corporation
7. SAP SE
8. SAS Institute Inc.
9. Teradata
10. TIBCO Software Inc.

Europe Big Data Analytics Market Segmentation:
The Europe big data analytics market is segmented based on component, analytics tool, application, end use industry, and country. Based on component, the market is bifurcated into software and services. The software dominated the market in 2022 and services segment is expected to be fastest growing during forecast period. Based on analytics tool, the market is segmented into dashboard and data visualization, data mining and warehousing, self-service tool, reporting, and others. The dashboard and data visualization dominated the market in 2022 and reporting segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and others.

The customer analytics dominated the market in 2022 and pricing analytics segment is expected to be fastest growing during forecast period. Based on end use industry, the market is segmented into pharmaceutical, semiconductor, battery manufacturing, electronics, and others. The others dominated the market in 2022 and pharmaceutical segment is expected to be fastest growing during forecast period. Based on country, the Europe big data analytics market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe.

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The scope of the Report:
The report segments the Europe Big Data Analytics Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the Europe Big Data Analytics Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Big Data Analytics market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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