Big Data Software Global Market Report 2024

Description

Big data software encompasses a range of applications and tools geared towards processing, storing, analyzing, and deriving insights from large and intricate datasets. These software solutions are purpose-built to manage extensive volumes of structured, semi-structured, and unstructured data, often generated rapidly and in diverse formats.

The primary components of big data software include software itself and associated services. Software refers to the programs and applications utilized for data processing, task execution, and functionality provision across computers and other devices. These solutions can be deployed both in cloud environments and on-premises, serving various industries such as banking, discrete manufacturing, professional services, process manufacturing, government, and more.

The big data software market research report is one of a series of new reports from The Business Research Company that provides big data software market statistics, including big data software industry global market size, regional shares, competitors with a big data software market share, detailed big data software market segments, market trends and opportunities, and any further data you may need to thrive in the big data software industry. This big data software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The big data software market size has grown rapidly in recent years. It will grow from $211.83 billion in 2023 to $245.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. Historical growth can be attributed to the rise of social media and multimedia, the proliferation of the Internet of Things (IoT), increased usage of smart apps, and the growing demand for data management and analytics software.

The big data software market size is expected to see rapid growth in the next few years. It will grow to $446.02 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. Forecasted growth can be attributed to the expanding databases across sectors, the demand from large businesses for sufficient IT resources, the increase in generated data volume, and the growing adoption of data discovery and visualization tools. Major trends in this forecast period include strategic partnerships, product innovations, technological advancements, and the integration of Artificial Intelligence (AI) and Machine Learning (ML).

The increasing adoption of digital solutions is poised to propel the expansion of the big data software market in the foreseeable future. Digital solutions encompass the integration of digital technologies across various domains to enhance efficiency, effectiveness, and user experiences. This demand surge stems from factors such as rising internet access, smartphone availability, and cost efficiencies. Leveraging big data software, digital solutions swiftly and accurately analyze large datasets, empowering organizations to make informed decisions, optimize operations, and personalize customer interactions. For instance, data from Augusta Free Press in December 2022 revealed that global spending on digital transformation reached approximately $1.85 trillion in 2022, marking a 16% increase from the previous year and indicating a growing reliance on digital solutions. Consequently, the widespread adoption of digital solutions is fueling the growth of the big data software market.

Key players in this market are prioritizing the introduction of advanced solutions, such as full-stack big data analytics solutions, to gain a competitive advantage. Full-stack big data analytics solutions encompass a comprehensive approach to data handling and analysis, leveraging various tools, technologies, and methodologies across the entire data processing pipeline. For instance, in September 2023, Synopsys Inc. unveiled an extension of its Synopsys.ai full-stack EDA suite, incorporating an AI-driven data analytics continuum for each stage of integrated circuit (IC) chip development. This solution, powered by AI, unlocks insights from vast datasets, employing AI-driven workflows and techniques to enhance productivity and quality of results (QoR).

In July 2023, Teradata Corporation acquired Stemma Technologies, enhancing its capabilities in transformative analytics from discovery to delivery. This acquisition integrates Stemma's automated data catalog capabilities into Teradata's offerings, improving user experiences and accelerating growth in AI and ML analytics. Stemma Technologies, a provider of big data software solutions, specializes in AI and machine learning to facilitate effective data discovery, trust, and utilization.

Major companies operating in the big data software market are Alphabet Inc., Microsoft Corporation, Hitachi Vantara Corporation, Amazon Web Services Inc., Siemens AG, Hewlett-Packard Company, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., ServiceNow Inc., Dassault Systemes SE, OpenText Corporation, SAP SE, Micro Focus International Limited, Splunk Inc., Zoho Corporation, Snowflake Inc., Cloudera Inc., Confluent Inc., Sumo Logic, Qubole Inc., TIBCO Software Inc., SAS Institute Inc.

North America was the largest region in the big data software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the big data software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the big data software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The big data software market includes revenues earned by entities by providing services, such as data collection and integration, data storage and management, and data processing and analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Big Data Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on big data software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for big data software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The big data software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Component: Software; Services
2) By Deployment Mode: Cloud Based; On-Premise
3) By Industry: Banking; Discrete Manufacturing; Professional Services; Process Manufacturing; Government; Other Industries
Companies Mentioned: Alphabet Inc.; Microsoft Corporation; Hitachi Vantara Corporation; Amazon Web Services Inc.; Siemens AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18087

1. Executive Summary

2. Big Data Software Market Characteristics

3. Big Data Software Market Trends And Strategies

4. Big Data Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Big Data Software Market Size and Growth

5.1. Global Big Data Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Big Data Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Big Data Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Big Data Software Market Segmentation

6.1. Global Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud Based
On-Premise
6.3. Global Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Banking
Discrete Manufacturing
Professional Services
Process Manufacturing
Government
Other Industries

7. Big Data Software Market Regional And Country Analysis

7.1. Global Big Data Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Big Data Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Big Data Software Market

8.1. Asia-Pacific Big Data Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Big Data Software Market

9.1. China Big Data Software Market Overview
9.2. China Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Big Data Software Market

10.1. India Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Big Data Software Market

11.1. Japan Big Data Software Market Overview
11.2. Japan Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Big Data Software Market

12.1. Australia Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Big Data Software Market

13.1. Indonesia Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Big Data Software Market

14.1. South Korea Big Data Software Market Overview
14.2. South Korea Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Big Data Software Market

15.1. Western Europe Big Data Software Market Overview
15.2. Western Europe Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Big Data Software Market

16.1. UK Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Big Data Software Market

17.1. Germany Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Big Data Software Market

18.1. France Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Big Data Software Market

19.1. Italy Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Big Data Software Market

20.1. Spain Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Big Data Software Market

21.1. Eastern Europe Big Data Software Market Overview
21.2. Eastern Europe Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Big Data Software Market

22.1. Russia Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Big Data Software Market

23.1. North America Big Data Software Market Overview
23.2. North America Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Big Data Software Market

24.1. USA Big Data Software Market Overview
24.2. USA Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Big Data Software Market

25.1. Canada Big Data Software Market Overview
25.2. Canada Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Big Data Software Market

26.1. South America Big Data Software Market Overview
26.2. South America Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Big Data Software Market

27.1. Brazil Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Big Data Software Market

28.1. Middle East Big Data Software Market Overview
28.2. Middle East Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Big Data Software Market

29.1. Africa Big Data Software Market Overview
29.2. Africa Big Data Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Big Data Software Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Big Data Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Big Data Software Market Competitive Landscape And Company Profiles

30.1. Big Data Software Market Competitive Landscape
30.2. Big Data Software Market Company Profiles
- 30.2.1. Alphabet Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Microsoft Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Hitachi Vantara Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Amazon Web Services Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Siemens AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Big Data Software Market Other Major And Innovative Companies

31.1. Hewlett-Packard Company
31.2. International Business Machines Corporation
31.3. Cisco Systems Inc.
31.4. Oracle Corporation
31.5. Broadcom Inc.
31.6. ServiceNow Inc.
31.7. Dassault Systemes SE
31.8. OpenText Corporation
31.9. SAP SE
31.10. Micro Focus International Limited
31.11. Splunk Inc.
31.12. Zoho Corporation
31.13. Snowflake Inc.
31.14. Cloudera Inc.
31.15. Confluent Inc.

32. Global Big Data Software Market Competitive Benchmarking

33. Global Big Data Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Big Data Software Market

35. Big Data Software Market Future Outlook and Potential Analysis

35.1 Big Data Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Big Data Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Big Data Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer