Big Data Market Projected to Hit USD 665 Billion by 2030 on 14% CAGR

◉ Global Big Data Market Set to Witness Significant Expansion Through 2032
The Global Big Data Market is gaining remarkable traction, projected to soar from approximately USD 220 billion in 2023 to around USD 665.6 billion by 2030, registering a robust 14.4% CAGR during 2024-2030 Additional forecasts corroborate this upward trend: another report places the market at USD 199.6 billion in 2024, growing to USD 573.5 billion by 2033, with a 12.44% CAGR . A third perspective estimates the big data & analytics market alone moving from USD 115.98 billion in 2024 to USD 131.4 billion in 2025, at 13.3% CAGR, and reaching USD 226.3 billion by 2029

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◉ Competitive Landscape
Key industry players driving innovation include IBM Corporation, SAP SE, Microsoft Corporation, SAS Institute Inc., FICO, Oracle Corporation, Salesforce Inc., Equifax Inc., TransUnion, Alteryx, QlikTech, KNIME and others

Higher Demand in Asia-Pacific Region
While North America leads with early adoption of big data and analytics-particularly in sectors like government, healthcare, and finance- the Asia-Pacific region is emerging as the fastest-growing market, driven by cloud adoption, IoT proliferation, AI deployment, and digital transformation

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◉ Country-Specific Insights
Vietnam - Big Data Opportunities in Vietnam
Vietnam's expanding digital infrastructure and surge in enterprise digitization present high-potential entry points for big data and analytics solutions. The increasing emphasis on smart manufacturing and policy support creates fertile ground for growth.

Thailand - Big Data Trends in Thailand
Thailand is witnessing strong uptake of data solutions across tourism, finance, and logistics segments, with growing cloud penetration and AI-assisted analytics steering demand for big data services.

Japan - Big Data Growth in Japan
In Japan, global giants such as IBM and Oracle are augmenting their local presence-pushing advanced big data and analytics deployments across automotive, healthcare, and industrial verticals, supported by tech innovation and digitization.

South Korea - Big Data Consolidation in South Korea
Robust national infrastructure and extensive 5G rollout in South Korea encourage consolidation through strategic collaborations between local tech firms and global service providers to deliver scalable big data platforms.

Singapore - Big Data Updation in Singapore
As a regional hub for digital finance and AI, Singapore is upgrading its big data capabilities through government-led initiatives such as smart city programs and national data-sharing frameworks.

United States - Big Data Growth in the US
The US stands at the forefront of big data market expansion, with early AI and ML adoption fueling capabilities in real-time analytics, predictive insights, and advanced BI tools-propelling substantive enterprise value

China - Big Data Opportunities in China
China's massive data generation, cloud infrastructure expansion, and investments in AI underpins strong demand for big data platforms-particularly across manufacturing, e-commerce, and public services.

Europe - Big Data Trends in Europe
Europe is steadily growing as a big data stronghold, fueled by widespread cloud adoption, data-protection regulations (e.g., GDPR), and demand in industries like telecom and healthcare

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◉ Big Data Market Segment Analysis

By Component
Hardware
Software
Services

By Deployment Mode
On-premise
Cloud-Based

By Industry Vertical
BFSI
Manufacturing
Healthcare
Government
Energy & Utilities
Transportation
Retail & E-commerce
IT & Telecom
Education
Others

◉ Mergers & Acquisitions Highlights
In the US and Europe, major offerings from firms like Oracle, SAP, and Microsoft often reflect strategic expansions through acquisitions (e.g., Oracle's AI/machine learning capabilities in 2024)

In Japan and South Korea, cross-border partnerships are on the rise with global analytics firms partnering with local entities for market penetration and co-development-a blending of M&A and alliances.

Currently, explicit data on M&A activity in Vietnam, Thailand, Singapore, or China is limited, suggesting evolving strategies may be alliance-focused or incubator-based.

◉ Key Recent Developments
The global big data and business analytics market is expected to expand from USD 225.3 billion in 2023 to USD 665.7 billion by 2033, demonstrating explosive long-term potential

Improving data storytelling and visualization tools are boosting adoption-professionals across global organizations need better confidence and usable analytics to drive performance improvements of up to 20%

Integrating AI and cloud technologies into digital transformation continues to yield high enterprise value, particularly in the US, where data analytics investments drive competitive advantage

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