Big Data Market Size, Share, Growth Analysis, By Offering, By Business Function, By Data Type, By Vertical, By Region

Description

Global Big Data Market size was valued at USD 190.2 billion in 2022 and is poised to grow from USD 220.2 billion in 2023 to USD 573.9 billion by 2031, growing at a CAGR of 12.72% during the forecast period (2024-2031).

The expansion of the big data market is being driven by the increasing number of virtual online workplaces and the growing popularity of social media, both of which generate vast amounts of data. The rising use of the internet, with its numerous advantages-such as seamless communication, abundant resources, easy sharing, and daily data generation from online services-is expected to further boost demand. Additionally, the growing adoption of smart devices, fueled by shifting consumer preferences and increased purchasing power, particularly in emerging markets, is contributing to this trend. As the demand for mobile devices and applications rises, big data will become even more prominent across various industries. By providing valuable insights and enabling businesses to efficiently manage large volumes of data, big data solutions offer significant cost-saving opportunities while improving data handling capabilities.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Big Data market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Big Data Market Segmental Analysis

Global Big Data Market is segmented by Offering, Business Function, Data Type, Vertical and Region. Based on Offering, the market is segmented into Software, By Type (Big Data Analytics Software (Prescriptive Analytics Tools, Diagnostic Analytics Tools, Descriptive Analytics Tools, Predictive Analytics Tools), Data Management Software (Data Security Tools, Master Data Management Tools, Data Integration Tools, Data Migration Tools, Data Warehousing Tools, Data Governance Tools, Others), Data Mining Software (Data Classification Tools, Regression Tools, Clustering Tools, Association Rule Mining Tools), Data Visualization Software (Static Data Visualization Tools, Interactive Data Visualization Tools)), Software, By Deployment Mode (Cloud (Public Cloud, Private Cloud, Hybrid Cloud), On-Premises), Services (Big Data Consulting Services, Big Data Cleansing & Scrubbing Services, Big Data Storage & Processing Services, Big Data Analytics & Reporting Services, Big Data Security Services, Big Data As A Service, Other Services). Based on Business Function, the market is segmented into Marketing & Sales (Customer Segmentation, Social Media Management, Sales Forecasting, Customer Journey Management, Others), Human Resources (Talent Acquisition, Employee Engagement, Workforce Management, Performance Management, Others), Operations (IT Infrastructure Optimization, IT Service Management, Incident Response And Resolution, Inventory Management, Others), Finance & Accounting (Fraud Detection, Risk Management, Financial Forecasting, Credit Scoring, Others), Other Business Functions. Based on Data Type, the market is segmented into Structured Data, Semi-structured Data, Unstructured Data. Based on Vertical, the market is segmented into BFSI (Algorithmic Trading & Investment Analysis, Customer Churn Prediction & Retention, Credit Scoring & Risk Assessment, Financial Fraud Detection & Prevention, Personalized Financial Planning, Others), Telecommunications (Network Performance Monitoring, Subscriber Management, Network Infrastructure Predictive Maintenance, Telecom Revenue Assurance, Network Capacity Planning, Others), Retail & Consumer Goods (Customer Segmentation & Personalization, Retail Inventory Management, E-Commerce Management, Price Optimization, Point-Of-Sale Management, Others), Healthcare & Life Sciences (Clinical Data Management, Personalized Treatment, Population Health Management, Drug Discovery & Development, Patient Outcome Prediction, Others), Government & Defense (Predictive Policing & Crime Pattern Analysis, Cybersecurity & Threat Intelligence, Tax & Welfare Management, Emergency Response Optimization, Resource Allocation & Planning, Others), Automotive (Autonomous Vehicle Development, Connected Car Services, Vehicle Predictive Maintenance, Telematics & Usage-Based Insurance, Vehicle Production Optimization, Others), Education (Student Performance Management, Customized Courses & Personalized Learning, Conflict Anticipation & Behavior Detection, Academic Research, Adaptive Testing & Grading, Others), Manufacturing (Equipment & Machinery Predictive Maintenance, Quality Control & Defect Analysis, Smart Manufacturing, Energy Management & Efficiency, Production Process Optimization, Others), Transportation & Logistics (Route Optimization & Traffic Management, Fleet Management, Vehicles & Equipment Maintenance, Supply Chain Visibility, Logistics & Inventory Management, Others), Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Drivers of the Global Big Data Market

The demand for data-driven decision-making is accelerating rapidly, fueling the growth of the big data market. Businesses are increasingly recognizing the strategic advantages of leveraging data insights to make informed and precise decisions in today's competitive environment. This shift marks a departure from traditional decision-making models, as organizations rely more on big data analytics to optimize performance, mitigate risks, and uncover new opportunities for growth and innovation.

Restraints in the Global Big Data Market

When organizations collect vast amounts of data from various sources without proper integration and interoperability, it leads to isolated data silos. This fragmentation hampers the seamless flow of information across the organization, making it difficult to derive meaningful insights. Consequently, data silos prevent businesses from achieving a unified view of their data, diminishing the effectiveness of big data solutions.

Market Trends of the Global Big Data Market

The advent of Industry 4.0 and the Industrial Internet of Things (IIoT) is revolutionizing how industries operate. This transformation is making industrial processes smarter by integrating sensors, machinery, and processing units into connected systems. As a result, a vast network of interconnected devices is emerging, enabling seamless data transfer and communication across various industrial operations.

Product Code: SQMIG45A2351

Introduction

Objectives of the Study
Definitions
Market Scope

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers

Key Market Insights

Technology Analysis
Value Chain Analysis
Ecosystem of the Market
Evolution of Big Data
Big Data Architecture
Case study Analysis
- Erste Group Bank gained 360-degree view of customers using Oracle Big Data Appliance on single cloud platform
- Robi Axiata Limited used Cloudera platform to enhance customer experience
- Myntra used Azure Synapse Analytics and Azure HDInsight to stabilize services and increase year-over-year traffic
- Indian Oil used Qlik to achieve business value by providing real-time analytics on big data
- Brembo used TIBCO Spotfire to enhance production processes with help of big data
- IQVIA used Qlik big data analytics to help UK healthcare services
Patent Analysis
Pricing Analysis
Trade Analysis
Best Practices in Big Data market
Big Data Business Models
Customer & Buying Criteria Analysis
Regulatory Landscape
Innovation Matrix
Top Investment Analysis
Key Success Factor
Degree of Competition

Big Data Market by Offering

Market Overview
Software, By Type
- Big Data Analytics Software
- Prescriptive Analytics Tools
- Diagnostic Analytics Tools
- Descriptive Analytics Tools
- Predictive Analytics Tools
- Data Management Software
- Data Security Tools
- Master Data Management Tools
- Data Integration Tools
- Data Migration Tools
- Data Warehousing Tools
- Data Governance Tools
- Others
- Data Mining Software
- Data Classification Tools
- Regression Tools
- Clustering Tools
- Association Rule Mining Tools
- Data Visualization Software
- Static Data Visualization Tools
- Interactive Data Visualization Tools
Software, By Deployment Mode
- Cloud
- Public Cloud
- Private Cloud
- Hybrid Cloud
- On-Premises
Services
- Big Data Consulting Services
- Big Data Cleansing & Scrubbing Services
- Big Data Storage & Processing Services
- Big Data Analytics & Reporting Services
- Big Data Security Services
- Big Data As A Service
- Other Services

Big Data Market by Business Function

Market Overview
Marketing & Sales
- Customer Segmentation
- Social Media Management
- Sales Forecasting
- Customer Journey Management
- Others
Human Resources
- Talent Acquisition
- Employee Engagement
- Workforce Management
- Performance Management
- Others
Operations
- IT Infrastructure Optimization
- IT Service Management
- Incident Response And Resolution
- Inventory Management
- Others
Finance & Accounting
- Fraud Detection
- Risk Management
- Financial Forecasting
- Credit Scoring
- Others
Other Business Functions

Big Data Market by Data Type

Market Overview
Structured Data
Semi-structured Data
Unstructured Data

Big Data Market by Vertical

Market Overview
BFSI
- Algorithmic Trading & Investment Analysis
- Customer Churn Prediction & Retention
- Credit Scoring & Risk Assessment
- Financial Fraud Detection & Prevention
- Personalized Financial Planning
- Others
Telecommunications
- Network Performance Monitoring
- Subscriber Management
- Network Infrastructure Predictive Maintenance
- Telecom Revenue Assurance
- Network Capacity Planning
- Others
Retail & Consumer Goods
- Customer Segmentation & Personalization
- Retail Inventory Management
- E-Commerce Management
- Price Optimization
- Point-Of-Sale Management
- Others
Healthcare & Life Sciences
- Clinical Data Management
- Personalized Treatment
- Population Health Management
- Drug Discovery & Development
- Patient Outcome Prediction
- Others
Government & Defense
- Predictive Policing & Crime Pattern Analysis
- Cybersecurity & Threat Intelligence
- Tax & Welfare Management
- Emergency Response Optimization
- Resource Allocation & Planning
- Others
Automotive
- Autonomous Vehicle Development
- Connected Car Services
- Vehicle Predictive Maintenance
- Telematics & Usage-Based Insurance
- Vehicle Production Optimization
- Others
Education
- Student Performance Management
- Customized Courses & Personalized Learning
- Conflict Anticipation & Behavior Detection
- Academic Research
- Adaptive Testing & Grading
- Others
Manufacturing
- Equipment & Machinery Predictive Maintenance
- Quality Control & Defect Analysis
- Smart Manufacturing
- Energy Management & Efficiency
- Production Process Optimization
- Others
Transportation & Logistics
- Route Optimization & Traffic Management
- Fleet Management
- Vehicles & Equipment Maintenance
- Supply Chain Visibility
- Logistics & Inventory Management
- Others
Other Verticals

Big Data Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

IBM Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microsoft Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oracle Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SAP SE
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Broadcom Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alphabet Inc. (Google)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Salesforce.com, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cisco Systems, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amazon.com, Inc. (AWS)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SAS Institute
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Teradata
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Accenture
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
HPE (Hewlett Packard Enterprise)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alteryx
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Informatica
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wipro
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ataccama
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sisense
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Imply
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Datapine
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fusionex
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BigPanda
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BigEye
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rivery
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Syncari
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Firebolt
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Happiest Minds Technologies
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Centric Consulting
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Big Data Market Size, Share, Growth Analysis, By Offering, By Business Function, By Data Type, By Vertical, By Region - Industry Forecast 2024-2031