Global Big Data and Analytics Services Market Report 2024, Forecast To 2033
9 Jan, 2024
The big data and analytics services market has exhibited rapid growth, increasing from $137.23 billion in 2023 to $154.79 billion in 2024, achieving a 12.8% CAGR. Historical growth is linked to data explosion, business intelligence, regulatory compliance, and competitive advantage. Future growth is projected to reach $280.43 billion by 2028, sustaining a 16.0% CAGR. Drivers for this growth include advanced analytics and AI, data privacy and security, cloud-based analytics, and real-time analytics. Key trends encompass AI and machine learning integration, cloud-based big data services, edge analytics, and data privacy and compliance.
Global Big Data and Analytics Services Market Key Driver
The integration of the Internet of Things (IoT) into daily life is a driving force behind the growth of the big data and analytics services market. IoT serves as a major data source for research when organizations collect data. With 44 trillion gigabytes of data generated by IoT in 2020, the increasing number of connected devices contributes to the growth of the big data and analytics services market.
Get A Free Sample Of The Global Big Data and Analytics Services Market ReportGlobal Big Data and Analytics Services Market Segments
The big data and analytics services market covered in this report is segmented –
1) By Deployment Mode: On-Premise, Cloud, Other Deployment Mode
2) By Application: Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk & Credit Analytics, Transportation Analytics., Other Applications
3) By Vertical: Transportation And Logistics, BFSI, Travel And Hopitality, Healthcare And Life Sciences, Manufacturing, Other Verticals
By Geography: The regions covered in the big data and analytics services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
The Asia-Pacific was the largest region in the big data and analytics services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the big data and analytics services market during the forecast period. The regions covered in the big data and analytics services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Big Data and Analytics Services Industry Players
International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, TIBCO Software Inc., Teradata Corporation, Amazon Web Services Inc., SAS Institute Inc., Tableau Software Inc., Alteryx Inc., SiSense Inc., Splunk Inc., Google LLC, Talend Inc., Salesforce.com Inc., Micro Focus International plc, Hewlett Packard Enterprise Company, MicroStrategy Incorporated, Adobe Inc., ThoughtSpot Inc., QlikTech International AB, Informatica LLC, Cloudera Inc., Palantir Technologies Inc., VMware Inc., Treasure Data Inc., Striim Inc., Splice Machine Inc., Pentaho Corporation, New Relic Inc., FourKites Inc., CB Insights Inc., Information Builders Inc., Accenture plc, Cisco Systems Inc., MapR Technologies Inc., MarkLogic Corporation, NetApp Inc., Domo Inc., Pivotal Software Inc., Hortonworks Inc., LexisNexis Risk Solutions, Imply Corporation, DataStax Inc., Dataiku Inc., Fluentd Inc., Hazelcast Inc., Groundhog Technologies, Qumulo Inc., Sizmek by Amazon, Workday Inc., Cybatar AG, Pure Storage Inc., Amdocs Limited, Big Data Scoring Inc.
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Big Data and Analytics Services Market Overview
Big data and analytics is the use of certain advanced analytics techniques on big data or very large datasets to generate business insights. It begins with data collection with predefined templates and forms, followed by data maintenance, data processing, and data analysis.
Big Data and Analytics Services Global Market Report 2023 provides data on the global big data and analytics services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The big data and analytics services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.