Big Data Market: Global Industry Analysis, Size, and Forecast: 2019-2031

Big Data Market Introduction

For decades, organizations used to make business decisions based on data stored in the relational databases. Continuous advancement in technology has disrupted the organization business models and transformed the transactional processes into digital. This, in turn, has resulted in data growth at an astounding rate, expected to double every two years.

Data gleaned from the wide variety of sources such as social media, video, blogs, photos, and email are often unused. Organization across verticals are anticipated to deployment right analytical tools to effectively utilize the huge volume of data generated from various sources to gain competitive advantage and improve business performance.

Market Dynamics

The continuous increase in data generation, rise in the need for obtaining an integrated view of different data type gleaned from a number of data sources to develop the new business model and new insights to drive competitive advantages are projected to increase end user’s expenditure on big data solutions and services during the forecast period. On the other hand, end user enterprises are required to restructure their IT department and are anticipated to hire new talented and skilled data analyst and scientist to gain maximum benefits from the big data.

Market Scope

The big data market has been bifurcated into various segments to track market performance from various perspective. Major segments analyzed are offering, software, service, and vertical. By vertical, the big data market is segmented into telecom sector, healthcare sector, public sector, retail sector, transportation and logistics, manufacturing sector, media and entertainment sector, BFSI sector, energy & utility sector, and others.

Regional Outlook

The global big data market has been analyzed at a regional level. Key regions covered in this report are North America, Western Europe, Asia Pacific, Latin America, Eastern Europe, and Middle East and Africa. Prominent players across the globe are inclined towards introducing new big data solutions that enable organizations to deliver premium customer experience across various customer touch points.

Big Data Market Competitive Landscape

Prominent players—offering big data solutions and services—are leaned towards offering end-to-end data analytics solutions and services to enable enterprises to discover insights in any data regardless of the data sized, type, and source. Key players analyzed in the big data market are Datameer, IBM Corporation, Oracle Corporation, Microsoft Corporation, Salesforce.com, inc., Teradata Corporation, EMC Corporation, SAP SE, VMware, Splice Machine, and HP Enterprise.

Major Regions/Countries include:

• North America
  • United States
  • Canada
• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on big data market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.