Market Insights:
Big Data Market size was valued at USD 162.36 Billion in 2021, registering a CAGR of 10.9% during the forecast period (2022-2030), and the market is projected to be worth USD 411.97 Billion by 2030.
The term “big data” refers to a field that studies methods for analysing, obtaining information from, or manipulating data sets that are too huge and intricate for typical data-processing application software to handle. These rely on these massive data sets to produce useful insights for the organisation using methods like machine learning and sophisticated optimization algorithms.
Image / How much is the Big Data Market worth
Big Data Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Deployment Mode (On Premises, Cloud, Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), By Function (Marketing and Sales, Human Resources, Finance, Operations), By Component (Solution, Big Data Analytics, Data Discovery, Data visualization, Data Management), By Application (Retail and Consumer Goods, Media and Entertainment, Telecommunications and IT, Transportation and Logistics, BFSI, Government and Defence, Healthcare and life sciences, Manufacturing), and companies (Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Hewlett Packard Enterprise Company, Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, IBM Corporation, Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation
), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.9%, over the forecast period of 2022–2030
Driver:
The increased adoption of Big Data in the Digital Media industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Big Data also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Big Data in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 411.97 Billion |
| CAGR (2022-2030) | 10.9% |
| By Deployment Mode | On Premises, Cloud, Public Cloud, Private Cloud, Hybrid Cloud |
| By Organization Size | Large Enterprises, Small and Medium-Sized Enterprises |
| By Function | Marketing and Sales, Human Resources, Finance, Operations |
| By Component | Solution, Big Data Analytics, Data Discovery, Data visualization, Data Management |
| By Application | Retail and Consumer Goods, Media and Entertainment, Telecommunications and IT, Transportation and Logistics, BFSI, Government and Defence, Healthcare and life sciences, Manufacturing |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Hewlett Packard Enterprise Company, Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, IBM Corporation, Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Big Data market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Hewlett Packard Enterprise Company, Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, IBM Corporation, Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation
Market Segment Analysis:
By Component
- Solution
- Big Data Analytics
- Data Discovery
- Data visualization
- Data Management
By Deployment Mode
- On Premises
- Cloud
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Function
- Marketing and Sales
- Human Resources
- Finance
- Operations
By Application
- Retail and Consumer Goods
- Media and Entertainment
- Telecommunications and IT
- Transportation and Logistics
- BFSI
- Government and Defence
- Healthcare and life sciences
- Manufacturing
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Big Data industries in the region.
Key Big Data Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Big Data Market segments.
– Largest Market Share Held by Industry to Industry for Big Data
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Big Data Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
To check our Table of Contents, please mail us at: [email protected]
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.