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Big Data and Business Analytics Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Global Big Data & Business Analytics MarketThe global big data and business analytics market size was valued at $198.08 billion in 2020, and is projected to reach $684.12 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030. Big data analytics is the major part of enterprises as it helps organizations to manage, process, and streamline large datasets in real time as well as it improves their organizations decision-making capability. In addition, the major objective of big data and business analytics is to help organizations to get a better understanding of their customers and help to narrow down their targeted audience, thus improving companies' marketing campaigns. Furthermore, various industries are adopting big data and business analytics to analyze massive volumes of data generated due to offline and online trading. Moreover, with the introduction of cloud-based big data and business analytics, users can access all the information online from anywhere across the globe. This helps various big data service providers to increase their investment in cloud technology and have a competitive edge over other service providers.
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The big data and business analytics market is expected to grow post COVID-19 pandemic, as many organizations have started adopting work from home and remote working culture, which in turn have created huge amounts of data and opportunities for data analytics. As a result, the organizations have started adopting big data and business analytics solutions to manage companies' critical data, enhance data security and optimize business productivity.
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Big Data & Business Analytics Market Key Segmentations
• Big Data & Business Analytics Market By Application
o Customer Analytics
o Supply Chain Analytics
o Marketing Analytics
o Pricing Analytics
o Spatial Analytics
o Workforce Analytics
o Risk & Credit Analytics
o Transportation Analytics
• Big Data & Business Analytics Market By Component
o Hardware
o Software
o Services
Implementation & integration service
Training & support service
Consulting service
• Big Data & Business Analytics Market By Deployment Model
o On-premise
o Cloud-Based
• Big Data & Business Analytics Market By Industry Vertical
o BFSI
o Manufacturing
o Healthcare
o Government
o Energy & Utilities
o Transportation
o Retail & E-commerce
o IT & Telecom
o Education
o Others
Big Data & Business Analytics Market By Company
• AMAZON WEB SERVICES, INC.
• FAIR ISAAC CORPORATION
• HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
• INTERNATIONAL BUSINESS MACHINES CORPORATION
• MICROSOFT CORPORATION
• ORACLE CORPORATION
• SAP SE
• SAS INSTITUTE INC.
• TIBCO SOFTWARE INC.
• TERADATA CORPORATION
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