DUBLIN--(BUSINESS WIRE)--The "Global Big Data Analytics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.
The Big Data Analytics market was valued at US$ 37.34 Bn in 2018 and expected to reach US$ 105.08 Bn by 2027 at a CAGR of 12.3% throughout the forecast period from 2019 to 2027.
Market Insights
Increasing volume of data and adoption of big data tools to spur revenue growth during the forecast period
The rapidly increasing volume and complexity of data are due to growing mobile data traffic, cloud-computing traffic and burgeoning development and adoption of technologies including IoT and AI, which is driving the growth of big data analytics market. Over 2.5 quintillion bytes of data generated every day. Data is created by every click, swipe, share, search, and stream, proliferating the demand for big data analytics market globally. According to a survey, the number of firms investing in big data and AI more than US$ 50 Mn rose from 27% in 2018 to 33.9% in 2019. The global spending on big data analytics is more than US$ 180 Bn in 2019 globally. Thus bolstering the big data analytics market growth.
By 2020, 90% of business professionals and enterprise analytics say data and analytics are key to their organization's digital transformation initiatives. According to a recent research study, approximately, 58% of organizations worldwide plan to adopt big data technology in 2018. The organizations will adopt hybrid IT infrastructure management capabilities. The growing adoption of big data and AI in industries including IT & Telecom, BFSI, and Healthcare among others is further fueling the demand for the big data analytics market.
Key Market Movements
- Globally, the big data analytics market is growing at a CAGR of 12.3% for the period from 2019 to 2027.
- Large enterprises segment dominates the big data analytics market with a share of more than 60%. Owing to the increasing adoption and inclination to invest in big data technology among others.
- In addition, the SME segment expected to grow at a remarkable pace during the forecast period. This can be associated with the increasing trend of digitalization and the adoption of big data technology among others.
- North America region leads the big data analytics market and accounts for a share of more than 35% of the total revenue. The region will sustain its lead during the forecast years. This is due to the region being one of the early adopter of technological advancements.
- Asia Pacific region anticipated registering highest growth. Asia Pacific region expected to grow at a CAGR of more than 15% throughout the forecast period. Owing to the increasing adoption of advanced technology in countries such as China, Japan, and India among others.
Key Topics Covered:
1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Big Data Analytics (BDA) Market
2.2. Global BDA Market, by Platform, 2018 (US$ Bn)
2.3. Global BDA Market, by Deployment Mode, 2018 (US$ Bn)
2.4. Global BDA Market, by Organization Size, 2018 (US$ Bn)
2.5. Global BDA Market, by End-user, 2018 (US$ Bn)
2.6. Global BDA Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Big Data Analytics (BDA) Market, by Platform , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Hardware
4.3. Software
4.4. Services
5. Global Big Data Analytics (BDA) Market, by Deployment Mode, 2017-2027 (US$ Bn)
5.1. Overview
5.2. On-premise
5.3. Cloud
6. Global Big Data Analytics (BDA) Market, by Organization Size, 2017-2027 (US$ Bn)
6.1. Overview
6.2. SMEs
6.3. Large Enterprises
7. Global Big Data Analytics (BDA) Market, by End-user, 2017-2027 (US$ Bn)
7.1. Overview
7.2. BFSI
7.3. IT & Telecom
7.4. Healthcare
7.5. Government
7.6. Manufacturing
7.7. Others (Education, Logistics, & Retail etc.)
8. North America Big Data Analytics (BDA) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America BDA Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America BDA Market Value, By Platform, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America BDA Market Value, By Deployment Mode, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America BDA Market Value, By Organization Size, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America BDA Market Value, By End-user, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America BDA Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Big Data Analytics (BDA) Market Analysis, 2017-2027 (US$ Bn)
10. Asia Pacific Big Data Analytics (BDA) Market Analysis, 2017-2027 (US$ Bn)
11. Rest of the World Big Data Analytics (BDA) Market Analysis, 2017-2027 (US$ Bn)
12. Company Profiles
12.1. IBM Corporation
12.2. Splunk Inc.
12.3. Dell Inc.
12.4. Oracle Corporation
12.5. AWS
12.6. Accenture Plc.
12.7. Palantir Technologies
12.8. HPE Company
12.9. SAP SE
12.10. Microsoft Corporation
12.11. Cisco Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gjxpis
