Big Data Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Trends, Drivers and Vendor Forecasts for 2021-2025

Accelerating at a CAGR of almost 18%, the big data market is expected to grow by post an incremental growth of $ 247.30 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Big Data Market: Market Segments and Key Trends

The Big data market is segmented by Type (Services and Software), Deployment (On-premise, Cloud-based, and Hybrid), and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 48% of the market growth set to originate from this region during the forecast period. Cost factor and the lack of awareness about the benefits of big data analytics is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Big Data Market: What are the Growth Drivers?

The increasing data generation is one of the primary factors that will drive the growth of the big data market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Big Data Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: Alphabet Inc., Amazon.com Inc. and Dell Technologies Inc. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., and Splunk Inc. are some of the major market participants.

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Big Data Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive big data market growth during the next five years
  • Precise estimation of the big data market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the big data market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of big data market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 18%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 247.30 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    increasing data generation will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    48% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., and Splunk Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Services and Software), Deployment (On-premise, Cloud-based, and Hybrid), and Geography (North America, Europe, APAC, South America, and MEA)

Big Data Market Size to Grow by $ 247.30 Billion through 2021-2025  

Technavio research projects the big data market to grow by $ 247.30 bn, accelerating at a CAGR of over 18% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Big Data Market: Key Market Driver

One of the primary factors that will trigger the growth of the big data market size is increase in data generation. The rise in the number of smart cities has increased the adoption of big data analytics, which will significantly drive the growth of the big data market during the forecast period. Global companies such as IBM, Microsoft, Cisco Systems, and Schneider Electric are supporting the development of smart cities by announcing initiatives and developing IT solutions The adoption of big data helps in processing data collected through connected IoT devices and analyzes and recognizes patterns to reshape the various areas of development.

The growth of the e-commerce market and the high penetration and expansion by retail giants such as eBay and Amazon.com will facilitate the big data market growth in North America over the forecast period.  The US and Canada are the key markets for big data in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Big Data Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Big Data Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., and Splunk Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Big Data Market Size to Grow by USD 142.5 Billion through 2020-2024  

Technavio research projects the big data market to grow by USD 142.5 bn, accelerating at a CAGR of over 13% till 2024. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Big Data Market: North America to Drive Market Growth

North America held the largest big data market share in 2019, and the region will offer several growth opportunities to market vendors. 47% of the market growth will originate from North America during the forecast period. The US is one of the critical markets for big data in North America The digital transformation initiatives undertaken by enterprises and the rising need for enterprises to reduce operational expenses will significantly influence big data market growth in this region. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the big data market size.

The demand for big data services is growing due to the rising demand from enterprises. They are implementing big data software solutions and modernizing infrastructure to gain a competitive edge in the market. Additionally, vendors are also offering big data services to help enterprises manage their operations efficiently. Global companies such as IBM, Microsoft, Cisco Systems, and Schneider Electric are supporting the development of smart cities by announcing initiatives and developing IT solutions. Moreover, big data analytics bring data pre-processing and decision-making capabilities closer to the data source and subsequently reduces data deluge and delays in communication. Additionally, the adoption of big data helps in processing data collected through connected IoT devices and analyzes and recognizes patterns to reshape the various areas of development. Therefore, a rise in the number of smart cities has increased the adoption of big data analytics, which will significantly drive the growth of the big data market during the forecast period.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Big Data Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., and Splunk Inc.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Big Data Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Big Data Market growth during the next five years
  • Precise estimation of the Big Data Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the big data industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Big Data Market vendors

Big Data Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc., and Splunk Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

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