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IOT Integration Fuels Growth In The Big Data And Analytics Services Market: A Key Driver Powering Big Data and Analytics Services Market Growth In 2025
Big Data and Analytics Services
What Is the Current Big Data and Analytics Services Market Size and Its Estimated Growth Rate?
The big data and analytics services market has expanded quickly, going from $151.41 billion in 2024 to $169.01 billion in 2025 at a CAGR of 11.6%, due to the data boom, business intelligence initiatives, regulatory requirements, and strategic decision-making advantages.
The big data and analytics services market is projected to see exponential growth in the next few years. It will reach $365.42 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.3%. The growth is driven by the expansion of AI and machine learning, cloud-based analytics, and real-time data analytics. Major trends include cloud-based services, edge analytics, and data privacy and compliance.
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How Are Emerging Segments Shaping the Big Data and Analytics Services Market Landscape?
The big data and analytics services market covered in this report is segmented -
1) By Deployment Mode: On-Premise, Cloud, Other Deployment Mode
2) By Application: Customer Analytics, Supply Chain Analytics, marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk And Credit Analytics, Transportation Analytics., Other Applications
3) By Vertical: Transportation And Logistics, BFSI, Travel And Hospitality, TH*Care And Life Sciences, Manufacturing, Other Verticals
Subsegments:
1) By On-Premise: On-Premise Software Solutions, On-Premise Infrastructure Setup, On-Premise Data Warehousing
2) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud
3) By Other Deployment Mode: Edge Computing, Fog Computing, Hybrid Deployment Models
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Which Growth Factors Are Influencing Big Data and Analytics Services Market Expansion?
The expansion of the Internet of Things (IoT) in everyday life is contributing to the growth of the big data and analytics services market. IoT involves interconnected devices that collect and share data via the internet, and its rise is fueled by technological progress, automation, smart devices, and 5G. These systems rely on big data tools to analyze massive datasets in real time. According to Akamai Technologies, IoT connections are projected to rise from 15.1 billion in 2021 to 23.3 billion by 2025, supporting the growth of big data and analytics services.
Who Are the Dominant Players Across Different Big Data and Analytics Services Market Segments?
Major companies operating in the big data and analytics services market include International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, TIBCO Software Inc., Teradata Corporation, Amazon Web Services Inc., SAS Institute Inc., Tableau Software Inc., Alteryx Inc., SiSense Inc., Splunk Inc., Google LLC, Talend Inc., Salesforce.com Inc., Micro Focus International plc, Hewlett Packard Enterprise Company, MicroStrategy Incorporated, Adobe Inc., ThoughtSpot Inc., QlikTech International AB, Informatica LLC, Cloudera Inc., Palantir Technologies Inc., VMware Inc., Treasure Data Inc., Striim Inc., Splice Machine Inc., Pentaho Corporation, New Relic Inc., FourKites Inc., CB Insights Inc., Information Builders Inc., accenture* plc, Cisco Systems Inc., MapR Technologies Inc., MarkLogic Corporation, NetApp Inc., Domo Inc., Pivotal Software Inc., Hortonworks Inc., LexisNexis Risk Solutions, Imply Corporation, DataStax Inc., Dataiku Inc., Fluentd Inc., Hazelcast Inc., Groundhog Technologies, Qumulo Inc., Sizmek by Amazon, Workday Inc., Cybatar AG, Pure Storage Inc., Amdocs Limited, Big Data Scoring Inc.
What Are the Latest Developing Trends in the Big Data and Analytics Services Market?
Companies in the big data and analytics services market are emphasizing the development of advanced solutions like data silos and streamlined planning and analytics software to improve data management, operational efficiency, and decision-making. Data silos refer to isolated data stores that are difficult to access across different departments. For instance, in November 2022, IBM launched the Business Analytics Enterprise software suite designed to eliminate data silos and enhance business analytics. The suite includes tools for business intelligence, budgeting, forecasting, and reporting, with an innovative content hub for accessing analytics tools.
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Which Geographic Regions Are Expected to Dominate the Big Data and Analytics Services Market in the Coming Years?
Asia-Pacific was the largest region in the big data and analytics services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the big data and analytics services market during the forecast period. The regions covered in the big data and analytics services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Big Data and Analytics Services Market?
2. What is the CAGR expected in the Big Data and Analytics Services Market?
3. What Are the Key Innovations Transforming the Big Data and Analytics Services Industry?
4. Which Region Is Leading the Big Data and Analytics Services Market?
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