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Big Data Market worth $538.64 billion by 2030, growing at a CAGR of 13.51% - Exclusive Report by 360iResearch
Big Data Market | 360iResearch
The Global Big Data Market to grow from USD 221.84 billion in 2023 to USD 538.64 billion by 2030, at a CAGR of 13.51%.
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Big data refers to large volumes of structured and unstructured data that businesses, organizations, and individuals generate at an unprecedented rate. The big data market constitutes the sale of software, infrastructure, and services used to store, manage, and analyze large volumes of data that are too complex for traditional data-processing application software. The growing adoption of cloud-based solutions globally and the growing demand for predictive analytics tools are contributing to growth in the market. The increasing need for data analytics to derive actionable insights further fuels market growth. However, data privacy and security concerns and the need for more skilled professionals pose a considerable challenge for organizations. Increasing investments by organizations in data governance and cyber security solutions encourages the development of real-time analytics. In addition, the expansion of Internet of Things (IoT) devices generating new data sources is expected to create opportunities for market expansion.
North America has a highly mature big data market, with a substantial presence of major technology firms actively investing in data analytics and cloud services. The United States has advanced analytics platforms, a strong focus on innovation through R&D, and a favorable regulatory environment for the growth of big data technologies. South American countries are also progressing, with investments in smart city projects and eCommerce platforms contributing to the growth of big data analytics. The Asia-Pacific region has witnessed rapid growth in the big data market, driven by economic powerhouses such as China, India, Japan, and South Korea. There is significant governmental backing for technology initiatives, especially in China and Singapore, where the respective governments are prioritizing Big Data as a strategic asset. However, the level of technological maturity and adoption varies widely among Asia-Pacific countries. In Europe, companies display a high adoption rate for big data solutions, driven by robust data protection regulations, including the General Data Protection Regulation (GDPR) that mandates attentive management of personal data. GDPR has set a data privacy and protection benchmark, influencing global companies' data strategies. With its smart city initiatives the Middle East and Africa such as Dubai Plan 2021, and City of Cape Town is also a significant growth area for big data applications, often in collaboration with international tech firms.
Market Segmentation & Coverage:
This research report categorizes the Big Data Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Software. The Services is further studied across Consulting & System Integration, Managed Services, and Training & Support. The Software is further studied across Big Data Analytics, Data Discovery & Visualization, and Data Management. The Software is projected to witness significant market share during forecast period.
Based on Type, market is studied across Structured Data and Unstructured Data. The Unstructured Data is projected to witness significant market share during forecast period.
Based on Depoyment, market is studied across On-Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Aerospace & Defense, Automotive, Logistics, & Transportation, Banking, Financial Services & Insurance (BFSI), Energy & Utility, Government & Public Sector, Healthcare & Life Sciences, IT & Telecommunication, Manufacturing, and Media & Entertainment. The Banking, Financial Services & Insurance (BFSI) is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.36% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Big Data Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Big Data Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Big Data Market, highlighting leading vendors and their innovative profiles. These include ", "Google LLC by Alphabet Inc., Adobe Inc., Alteryx, Inc., Amazon Web Services, Inc., Ataccama Corporation, Bigeye Inc., BigPanda, Inc., Broadcom, Inc., Cloud Software Group, Inc., Cloudera, Inc., Equifax Inc., Firebolt Analytics Inc., Hewlett Packard Enterprise Company, Hitachi, Ltd., Imply Data, Inc., International Business Machines Corporation, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, QlikTech International AB, Salesforce, Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Splunk Inc. by Cisco Systems, Inc., Teradata Corporation, and Wipro Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Big Data Market, by Component
7. Big Data Market, by Type
8. Big Data Market, by Depoyment
9. Big Data Market, by Vertical
10. Americas Big Data Market
11. Asia-Pacific Big Data Market
12. Europe, Middle East & Africa Big Data Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Big Data Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Big Data Market?
3. What is the competitive strategic window for opportunities in the Big Data Market?
4. What are the technology trends and regulatory frameworks in the Big Data Market?
5. What is the market share of the leading vendors in the Big Data Market?
6. What modes and strategic moves are considered suitable for entering the Big Data Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
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