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Historical Year
Forecast Year
The global big data market is supported by the growth of big data and business analytics market, which attained USD 311.72 billion in 2023. The global big data and analytics market is expected to grow at a CAGR of 14.9% in the forecast period of 2024-2032 to attain USD 1088.06 billion by 2032.
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North America holds a major revenue share of the market and will continue to do so, while the Asia Pacific region is projected to grow at the highest rate among regional markets for big data. North America is experiencing rapid developments in the big data market. This is mainly due to the increasing adoption of IoT and allied services by major industrial sectors, thus generating massive amounts of useful data which can be exploited. Companies and organizations have started exploiting big data to generate key insights and strategies and business decisions to remain competitive. This trend is increasingly being adopted by major players in the developing regions as well. China is expected to be the fastest growing country within the regional markets, followed by countries such as Australia, India, and South Korea, all contributing to a healthy growth rate for the big data market in the forecast period as well.
Big data refers to a field that treats ways to analyze, extricate information from, or manipulate data sets that are extremely large and complex to be dealt with by traditional data-processing application software. These use techniques such as machine learning and advanced optimization algorithms to generate valuable insights for the organization based on these big data sets.
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The market is divided on the basis of component into:
By hardware, the market is segmented into:
The market is categorised in terms of deployment mode into:
The market is divided on the basis of organisation size into:
The market is segregated on the basis of application into:
The market is segmented on the basis of end use into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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As the volume of data generated through various devices is growing at an exponential rate, the requirement for extracting value out of this data is the need of the hour. The introduction of cloud computing has eased the storage of data, making it more cost effective, flexible, and secure. Affordable storage services and rapid technological services that have increased the accessibility of the internet and data has increased the demand for big data. The emergence and adoption of IoT are also pushing the market forward. Managing vast volumes of data and extracting value and business insights from the same is pushing business in unprecedented ways. Investing in research and development, such as in companies like Facebook, is also driving the demand for big data. The market for big data is expected to grow at a fast rate in emerging economies such as China in the forecast period.
The report gives a detailed analysis of the following key players in the global big data market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Hardware |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by Application |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global big data market attained a value of nearly USD 311.72 billion.
The market is projected to grow at a CAGR of 14.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1088.06 billion by 2032.
The major drivers of the industry include rising population, growing urbanisation, increasing adoption of IoT and allied services by major industrial sectors and investing in research and development.
Rising internet penetration is expected to be a key trend guiding the growth of the industry.
The components of big data available by component are solution and services.
Big data finds applications as customer analytics, operational analytics, fraud detection, compliance, and data warehouse optimisation, amongst others.
Big data can have different end-uses like manufacturing, retail, media and entertainment, healthcare, IT and telecommunication, government, gaming, energy and power, engineering, and construction, amongst others.
The market can be segmented by hardware into storage, network equipment, and server, amongst others.
The deployment modes for the market are on-premises, cloud, and hybrid.
The categories on the basis of organisation size are large enterprises, and small and medium-sized enterprises.
The leading players in this market are IBM Corporation, Oracle Corporation, Microsoft Corporation, Accenture Plc, Amazon Web Services, Inc, Google LLC, Dell Technologies, Inc, VMware, Inc, Hewlett Packard Enterprise Development LP, Teradata Corporation, SAP SE, and ScienceSoft, among others.
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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