Big Data Market Size, Share, Growth & Industry Trends [2031]
Big Data Market Size, Share, Growth & Industry Trends [2031]
Segments - Big Data Market by Services (Training & Development, Deployment & Maintenance, and Consulting), Software (Distribution Tools, Visualization, Analytics, Database, and Others), Hardware (Server, Storage, and Network Equipment), End-users (Gaming, Media & Entertainment, Healthcare, BFSI, Manufacturing, Retail, Telecommunication, Government, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-3232
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| 211 Pages
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Report Description
Big Data Market Outlook 2031
The global big data market size was valued at USD 180.49 Billion in 2022 and is anticipated to reach USD 461.70 Billion by 2031, expanding at a considerable CAGR of 11% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing usage and popularity of social media.
Big data can be defined as the diverse and large sets of information, which grow at ever-increasing rates. It includes the data volume, the velocity at which it is gathered and created, as well as the scope or diversity of the data points covered. It is frequently derived by data mining and is offered in a variety of formats.
Businesses are inundated with a massive volume of both structured and unstructured data sets is known as big data. This technology is an integration of several software tools, such as Hadoop and Apache Spark, as well as application markets with the functionality to organize, deliver, manage, collect, analyze, and access structured along with unstructured data.
The impact of COVID-19 has been positive on the big data market. Governments and organizations are utilizing the big data technology for storing data and information of infected people.
Due to its ability to store a large amount of data digitally in real-time, it is helping people affected with the virus with their treatment and providing relevant updates related to their condition. Additionally, it also helps in revealing information related to both into the control of the virus and also the spread of it.
Big Data Market Trends, Drivers, Restraints, and Opportunities
- Increasing government investments for enhancement in digital technology is one of the key factors driving the market growth.
- Rising awareness of the Internet of Things technology enabled devices amid organizations globally is expected to boost the market growth in the coming years.
- Integrating technologies, such as Artificial Intelligence, machine learning, and data analytics into big data is likely to fuel the market growth during the forecast period.
- Issues concerning to data breach and cyber-attacks present a major challenge. This is anticipated to hamper the market expansion in the projected period.
- Growing adoption by several enterprises, majorly by small & medium enterprises is projected to create significant growth opportunities for the market in the near future.
Scope of Big Data Market Report
The report on the global big data market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Big Data Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Services (Training & Development, Deployment & Maintenance, and Consulting), Software (Distribution Tools, Visualization, Analytics, Database, and Others), Hardware (Server, Storage, and Network Equipment), and End-users (Gaming, Media & Entertainment, Healthcare, BFSI, Manufacturing, Retail, Telecommunication, Government, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Oracle Corp.; Splunk Inc.; Teradata Corp.; Accenture PLC; EMC Corp.; Hewlett-Packard Co.; IBM Corp.; Mu Sigma Inc.; Opera Solutions, LLC; and Cloudera, Inc. |
Big Data Market Segment Insights
Services Segment Analysis
Based on services, the global big data market is divided into training & development, deployment & maintenance, and consulting. The training & development segment is expected to grow at a rapid pace during the forecast period owing to heavy investment by enterprises in staff, analytics tools, and expertise to make enhanced business decisions.
However, the consulting segment is anticipated to hold a key share of the market in the coming years due to the ever-increasing demand for technology consultants.
Software Segment Analysis
On the basis of software, the market is segregated into distribution tools, visualization, analytics, database, and others. The visualization segment is projected to expand at a considerable CAGR during the forecast period attributed to the rising demand for consumers to access data as and when required.
On the other hand, the analytics segment is anticipated to account for a major market share during the forecast period due to the rise in need to make fact-based strategic business decisions with an effort to excel in this highly competitive environment and reduce the risk of failure.
Hardware Segment Anlaysis
In terms of hardware, the global big data market is segmented into server, storage, and network equipment. The network equipment segment is anticipated to hold significant market share in the coming years owing to the increased emphasis on enhanced security needs along with the reinforcement of a new network security paradigm globally.
However, the storage segment is expected to register a considerable CAGR during the forecast period due to increasing demand for public and hybrid clouds.
End-user Segment Analysis
Based on end-users, the market is fragmented into gaming, media & entertainment, healthcare, BFSI, manufacturing, retail, telecommunication, government, and others.
The BFSI, telecommunication, and retail segments are expected to grow at a rapid pace during the forecast period attributed to the major investment by companies in these solutions for operational optimization and effective data traffic management. Moreover, need for tools in management of substantial data amount is further expected to drive the segment growth.
Regional Outlook
In terms of regions, the global big data market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to vast usage of big data across the retail and healthcare sector in the region.
However, the market of Europe is anticipated to expand at a rapid pace during the forecast period attributed to growing focus by administrative and government sectors on improving operational efficiency with increasing big data usage.
Segments
The global big data market has been segmented on the basis of
Services
- Training & Development
- Deployment & Maintenance
- Consulting
Software
- Distribution Tools
- Visualization
- Analytics
- Database
- Others
Hardware
- Server
- Storage
- Network Equipment
End-users
- Gaming
- Media & Entertainment
- Healthcare
- BFSI
- Manufacturing
- Retail
- Telecommunication
- Government
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Oracle Corp.
- Splunk Inc.
- Teradata Corp.
- Accenture PLC
- EMC Corp.
- Hewlett-Packard Co.
- IBM Corp.
- Mu Sigma Inc.
- Opera Solutions, LLC
- Cloudera, Inc.
Competitive Landscape
Key players competing in the global big data market are Oracle Corp.; Splunk Inc.; Teradata Corp.; Accenture PLC; EMC Corp.; Hewlett-Packard Co.; IBM Corp.; Mu Sigma Inc.; Opera Solutions, LLC; and Cloudera, Inc.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Big Data Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Big Data Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Big Data Market - Supply Chain
4.5. Global Big Data Market Forecast
4.5.1. Big Data Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Big Data Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Big Data Market Absolute $ Opportunity
5. Global Big Data Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Big Data Market Size and Volume Forecast by End Users
5.3.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Big Data Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Big Data Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Big Data Demand Share Forecast, 2019-2026
7. North America Big Data Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Big Data Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Big Data Market Size and Volume Forecast by End Users
7.4.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Big Data Demand Share Forecast, 2019-2026
8. Latin America Big Data Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Big Data Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Big Data Market Size and Volume Forecast by End Users
8.4.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Big Data Demand Share Forecast, 2019-2026
9. Europe Big Data Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Big Data Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Big Data Market Size and Volume Forecast by End Users
9.4.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Big Data Demand Share Forecast, 2019-2026
10. Asia Pacific Big Data Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Big Data Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Big Data Market Size and Volume Forecast by End Users
10.4.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Big Data Demand Share Forecast, 2019-2026
11. Middle East & Africa Big Data Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Big Data Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Big Data Market Size and Volume Forecast by End Users
11.4.1. Gaming Media & Entertainment Healthcare BFSI Manufacturing Retail
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Big Data Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Big Data Market: Market Share Analysis
12.2. Big Data Distributors and Customers
12.3. Big Data Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Oracle Corp. Splunk Inc. Teradata Corp. Accenture PLC EMC Corp. Hewlett-Packard Co.
Methodology
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