Press release
Big Data Infrastructure Market Poised to Hit $551.66 Billion by 2029 with Accelerating Growth Trends
Big Data Infrastructure Market
What Will the Big Data Infrastructure Industry Market Size Be by 2025?
The dimension of the big data infrastructure market has amplified significantly over the past few years. The market, which currently stands at $209.04 billion in 2024, is expected to reach $253.56 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 21.3%. The rise observed in the historical period is predominantly due to a surge in data creation, demand for business intelligence, regulatory conformity, the emergence of machine learning and AI (artificial intelligence), and enhanced connectivity.
What's the Long-Term Growth Forecast for the Big Data Infrastructure Market Size Through 2029?
In the coming years, the market size for big data infrastructure is anticipated to experience substantial growth, reaching $551.66 billion by 2029 with a CAGR of 21.5%. The projected growth in this period can be attributed to the ongoing increase in data, edge computing, improved security measures, and the inclusion of AI in infrastructure management, as well as solutions tailored to specific industries. Key trends forecasted for this period include advancements in technology, uptake of the cloud, adoption of hybrid and multi-cloud solutions, containerization, microservices architecture, and industry-specific customization.
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What Are the Key Growth Drivers Fueling the Big Data Infrastructure Market Expansion?
The growth of the big data infrastructure market is slated to be bolstered by the surge in the use of cloud computing. Cloud computing delivery encompasses a spectrum of computing services such as storage, processing capacity, databases, networking, analytics, software and more. The shared pool of configurable computing resources can be easily accessed on-demand via the internet, known as the cloud. The driver of cloud computing adoption is linked to escalating needs for data backup, scalability and quick rollout of new applications and services. In the realm of cloud computing, big data infrastructure is leveraged to manage the processing and analytical review of massive, complicated data sets. The scalability, economical affordability and versatility provided by cloud environments are pivotal for managing large data quantities. For instance, in April 2024, the European Commission, a Belgium based governmental entity, stated that in 2023, 77.6% of big enterprises reported usage of cloud computing services. This indicates a rise of 6 percentage points from 2021. Medium-sized enterprises also featured a bump in their usage, with 59% employing cloud services in 2023, a rise from 53% in 2021. Small companies too experienced a similar trend, with their share leaping by 3.8 percentage points to 41.7% during the same period. Therefore, the prevailing uptake in cloud computing has been instrumental in stimulating the growth of the big data infrastructure market.
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What Are the Key Trends Driving Big Data Infrastructure Market Growth?
Leading firms in the big data infrastructure sector are embracing a strategy of collaboration to deliver innovative and cost-effective services to their clients. These collaborative partnerships are instrumental in promoting the use and development of big data infrastructure, equipping businesses with the means to utilize data to their competitive advantage and enhance company growth. For example, in October 2023, NetApp Inc., an American smart data infrastructure firm, formed a strategic alliance with Ducati Corse, an Italian sporting-motorcycle manufacturing company. The main aim of this alliance was to unveil a jointly developed data management and insight solution. Their joint endeavor was designed to transform Ducati's data infrastructure and boost the speed of analyzing data associated with high-performance motorcycle racing, facilitating almost real-time data sharing and analytics. This would boost the improvement of software development, design, and engineering processes in Ducati. The collaborative solution by NetApp and Ducati Corse could possibly encompass large data infrastructure principles due to the potential size and intricacy of the data in use.
How Is the Big Data Infrastructure Market Segmented?
The big data infrastructuremarket covered in this report is segmented -
1) By Type: Storage, Server, Networking
2) By Deployment: Cloud, On Premises, Hybrid
3) By Organization Size: Small And Medium Sized Enterprises (SMEs), Large Enterprises
4) By End-User: Banking Financial Services Insurance (BFSI), Government And Defense, Healthcare And Life Sciences, Information Technology And Telecommunications, Other End-Users
Subsegments:
1) By Storage: On-Premises Storage Solutions, Cloud Storage Solutions, Data Lakes, Object Storage, Network-Attached Storage (NAS)
2) By Server: Rack Servers, Blade Servers, Tower Servers, High-Performance Computing (HPC) Servers, Virtualized Servers
3) By Networking: Switches, Routers, Load Balancers, Network Management Solutions, Software-Defined Networking (SDN) Solutions
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Which Companies Are Leading the Charge in Big Data Infrastructure Market Innovation?
Major companies operating in the big data infrastructure market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services (AWS), Hitachi Data Systems, Intel Corporation, International Business Machine Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise (HPE), Palantir Technologies, Teradata Corporation, Informatica LLC, Snowflake Inc., MongoDB Inc., Confluent Inc., Talend SA, Redis Ltd., Cloudera Inc., DataStax Inc., Couchbase Inc., Hortonworks Inc., Clustrix Inc., MapR Technologies India Pvt. Ltd., Syncsort Inc.
Which Regions Are Leading the Global Big Data Infrastructure Market in Revenue?
North America was the largest region in the big data infrastructure market in 2024. The regions covered in the big data infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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