Global Big Data and Business Analytics Market Size Study, by Application, by Component, by Industry Vertical, and Regional Forecasts 2022-2032

Description

Global Big Data and Business Analytics Market is valued approximately at USD 252.25 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 11.66 % over the forecast period 2024-2032. Big data analytics is a crucial aspect of modern enterprises, providing tools to manage, process, and analyze large datasets in real time. Big Data and Business Analytics refer to the use of advanced tools and techniques to analyze and interpret large volumes of data to support decision-making and strategic planning in business. Big data is characterized by its volume, variety, and velocity, as it is generated in large quantities, comes in different formats, and is produced rapidly. In addition. The aim of business analytics is to uncover patterns, correlations, and insights that can help businesses make informed decisions, improve operations, and gain a competitive advantage.

The Global Big Data and Business Analytics Market is driven by growing utilization of big data analytics software by organizations to facilitate quicker and more informed decision-making processes and to secure competitive advantages through timely information analysis has substantially driven the global big data and business analytics market. Additionally, the rising demand for cloud-based big data analytics solutions among small and medium enterprises has positively influenced market expansion. Moreover, the increasing need for enhanced business insights and the emergence of trends such as social media analytics present lucrative opportunities for market development throughout the forecast period. However, the high costs associated with implementing these technologies and a lack of skilled professionals is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Big Data and Business Analytics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the big data and business analytics market and is expected to maintain its leading position due to the widespread use of smartphones, wearable devices, and other smart-connected gadgets. Furthermore, the Asia-Pacific region is poised for significant growth owing to the vast amounts of data generated by rapid digitization and the increased use of electronic devices and networks across various organizations.

Major market players included in this report are:

Amazon Web Services, Inc.
Oracle Corporation
Hewlett Packard Enterprise Development LP
Teradata Corporation
Fair Isaac Corporation
SAP SE
TIBCO Software Inc.
IBM Corporation
SAS Institute Inc.
Microsoft Corporation

The detailed segments and sub-segment of the market are explained below:

By Application:

Customer Analytics
Supply Chain Analytics
Marketing Analytics
Pricing Analytics
Spatial Analytics
Risk and Credit Analytics
Transportation Analytics
Workforce Analytics

By Component:

Service
Software
Hardware

By Industry Vertical:

BFSI
IT and Telecom
Manufacturing
Healthcare
Government
Retail and E-commerce
Education
Others
Energy and Utilities
Transportation

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Big Data and Business Analytics Market Executive Summary

1.1. Global Big Data and Business Analytics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Component
- 1.3.3. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Big Data and Business Analytics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Big Data and Business Analytics Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Connectivity
- 3.1.2. Surge in Use of Smartphones and Connected Devices
- 3.1.3. Expansion of Cloud-Based Analytics Solutions
3.2. Market Challenges
- 3.2.1. High Implementation Cost
- 3.2.2. Dearth of Skilled Workforce
3.3. Market Opportunities
- 3.3.1. Need for Better Business Insights
- 3.3.2. Emerging Trends in Social Media Analytics
- 3.3.3. Expansion into Emerging Markets

Chapter 4. Global Big Data and Business Analytics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Big Data and Business Analytics Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Big Data and Business Analytics Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Customer Analytics
- 5.2.2. Supply Chain Analytics
- 5.2.3. Marketing Analytics
- 5.2.4. Pricing Analytics
- 5.2.5. Spatial Analytics
- 5.2.6. Risk and Credit Analytics
- 5.2.7. Transportation Analytics
- 5.2.8. Workforce Analytics

Chapter 6. Global Big Data and Business Analytics Market Size & Forecasts by Component 2022-2032

6.1. Segment Dashboard
6.2. Global Big Data and Business Analytics Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Service
- 6.2.2. Software
- 6.2.3. Hardware

Chapter 7. Global Big Data and Business Analytics Market Size & Forecasts by Industry Vertical 2022-2032

7.1. Segment Dashboard
7.2. Global Big Data and Business Analytics Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. BFSI
- 7.2.2. IT and Telecom
- 7.2.3. Manufacturing
- 7.2.4. Healthcare
- 7.2.5. Government
- 7.2.6. Retail and E-commerce
- 7.2.7. Education
- 7.2.8. Others
- 7.2.9. Energy and Utilities
- 7.2.10. Transportation

Chapter 8. Global Big Data and Business Analytics Market Size & Forecasts by Region 2022-2032

8.1. North America Big Data and Business Analytics Market
- 8.1.1. U.S. Big Data and Business Analytics Market
  - 8.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Component breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Industry Vertical breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Big Data and Business Analytics Market
8.2. Europe Big Data and Business Analytics Market
- 8.2.1. U.K. Big Data and Business Analytics Market
- 8.2.2. Germany Big Data and Business Analytics Market
- 8.2.3. France Big Data and Business Analytics Market
- 8.2.4. Spain Big Data and Business Analytics Market
- 8.2.5. Italy Big Data and Business Analytics Market
- 8.2.6. Rest of Europe Big Data and Business Analytics Market
8.3. Asia-Pacific Big Data and Business Analytics Market
- 8.3.1. China Big Data and Business Analytics Market
- 8.3.2. India Big Data and Business Analytics Market
- 8.3.3. Japan Big Data and Business Analytics Market
- 8.3.4. Australia Big Data and Business Analytics Market
- 8.3.5. South Korea Big Data and Business Analytics Market
- 8.3.6. Rest of Asia Pacific Big Data and Business Analytics Market
8.4. Latin America Big Data and Business Analytics Market
- 8.4.1. Brazil Big Data and Business Analytics Market
- 8.4.2. Mexico Big Data and Business Analytics Market
- 8.4.3. Rest of Latin America Big Data and Business Analytics Market
8.5. Middle East & Africa Big Data and Business Analytics Market
- 8.5.1. Saudi Arabia Big Data and Business Analytics Market
- 8.5.2. South Africa Big Data and Business Analytics Market
- 8.5.3. Rest of Middle East & Africa Big Data and Business Analytics Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Amazon Web Services, Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Oracle Corporation
- 9.3.3. Hewlett Packard Enterprise Development LP
- 9.3.4. Teradata Corporation
- 9.3.5. Fair Isaac Corporation
- 9.3.6. SAP SE
- 9.3.7. TIBCO Software Inc.
- 9.3.8. IBM Corporation
- 9.3.9. SAS Institute Inc.
- 9.3.10. Microsoft Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes