Press release
2025-2034 Big Data And Artificial Intelligence Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Big Data And Artificial Intelligence
What Is the Expected CAGR for the Big Data And Artificial Intelligence Market Through 2025?
The dimension of the big data and artificial intelligence market has seen a swift expansion in the past few years. The projection sets its growth from $385.89 billion in 2024 to $454.5 billion in 2025, signifying a compound annual growth rate (CAGR) of 17.8%. The historical period's surge was influenced by an intensified focus on ethical artificial intelligence, rising inclination towards data-guided decision making, widespread adoption of artificial intelligence, increased endeavours of tech titans, and escalating demand for automation.
What's the Projected Size of the Global Big Data And Artificial Intelligence Market by 2029?
Expectations are high for a swift expansion in the market size of big data and artificial intelligence in the upcoming years. The market is projected to reach a $876.33 billion valuation by 2029, with an annual growth rate of 17.8%. Factors contributing to this growth over the forecast period include the increased data generation across various sectors, rising adoption of cloud computing, bigger investments in artificial intelligence, growing cybersecurity threats, and a surge in data volume. The forecast period will also see prominent trends such as edge computing, investment in advanced big data tools, technological progression, strategic partnerships, and the integration of artificial intelligence in cybersecurity.
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Top Growth Drivers in the Big Data And Artificial Intelligence Industry: What's Accelerating the Market?
The big data and artificial intelligence market is forecasted to expand due to the escalating volume of data being produced. This surge in data comes from multiple sources such as internet of things (IoT) devices, social media, digital transactions, high-resolution media, and real-time analytics. Big data and artificial intelligence play a pivotal role in this data generation by facilitating automated data collection, escalating real-time processing, and deriving insights from a variety of digital sources. Such integration aids businesses in refining decision-making processes, enhancing efficiency, and fostering innovation across industries. For instance, the International Telecommunication Union, a specialized agency of the United Nations based in Switzerland, reported in September 2023 that 5.4 billion people, 67% of the global population, had access to the internet in 2022. This represented a 4.7% increase from 2021, a significant leap compared to the 3.5% increase between 2020 and 2021. Hence, the expanding volume of data produced is propelling the growth of the big data and artificial intelligence market.
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What Trends Will Shape the Big Data And Artificial Intelligence Market Through 2029 and Beyond?
Leading corporations within the big data and artificial intelligence industry are prioritizing the creation of ground-breaking services like AI-driven retrieval services to maintain their market standing. These are smart systems that employ artificial intelligence to draw out, arrange, and offer pertinent information from both structured and unstructured data sources. For example, in February 2025, the US-based cloud data storage firm, Snowflake Inc., introduced Cortex Agents - an innovative retrieval service aimed at improving AI-powered data access and business decision-making. These agents assist in extracting structured data from Snowflake tables and unstructured data from object storage, such as PDFs. Alongside this, Cortex Search also enhances unstructured data retrieval, and reportedly outperforms OpenAI's embedding models by a minimum of 11% across a range of benchmarks. These novel advancements allow businesses to effectively analyze vast datasets, thereby bolstering AI-led decision-making and governance processes.
What Are the Main Segments in the Big Data And Artificial Intelligence Market?
The big data and artificial intelligencemarket covered in this report is segmented -
1) By Type: Predictive Analytics, Fraud Detection, Customer Analytics, Risk Management, Supply Chain Management
2) By Deployment Model: Cloud, On-Premises, Hybrid
3) By Technology: Machine Learning, Natural Language Processing, Data Mining, Data Visualization, Deep Learning
4) By End Use: Banking, Financial Services, And Insurance, Healthcare, Retail, Manufacturing, Telecommunications
Subsegments:
1) By Predictive Analytics: Machine Learning-Based Predictive Analytics, Statistical Modeling, Data Mining, Forecasting And Optimization
2) By Fraud Detection: Identity Fraud Detection, Transaction Fraud Detection, Behavioral Analytics, Anomaly Detection
3) By Customer Analytics: Customer Segmentation, Sentiment Analysis, Personalized Recommendations, Customer Churn Prediction
4) By Risk Management: Credit Risk Assessment, Market Risk Analysis, Operational Risk Management, Compliance And Regulatory Risk Management
5) By Supply Chain Management: Demand Forecasting, Inventory Optimization, Supplier Risk Management, Logistics And Transportation Analytics
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Which Top Companies are Driving Growth in the Big Data And Artificial Intelligence Market?
Major companies operating in the big data and artificial intelligence market are Amazon Web Services Inc., Microsoft Corporation, Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Google LLC., SAP SE, Hewlett Packard Enterprise Company, NVIDIA Corporation, Salesforce Inc., Adobe Inc., Infosys Limited, SAS Institute Inc., LTI Mindtree Ltd., Teradata Corporation, QlikTech International AB, ScienceSoft USA Corporation, Yalantis, Cyfuture India Pvt. Ltd., Feathersoft Info Solutions Pvt Ltd., Addepto LLC.
Which Regions Will Dominate the Big Data And Artificial Intelligence Market Through 2029?
North America was the largest region in the big data and artificial intelligence market in 2024. The regions covered in the big data and artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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