Global Big Data Analytics Market

Global Big Data Analytics Market Size, Share, Growth Analysis, By Component(Software, and Services), By Deployment Mode(On-premises, Cloud-Based), By Deployment Mode(On-premise, Cloud-Based), By Organization Size(SMEs, Large Enterprises), By Vertical(BFSI, Healthcare and Life Sciences), By Application() - Industry Forecast 2024-2031

Report ID: SQMIG45A2211 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 185 | Figures: 76

Global Big Data Analytics Market News

  • In October 2023, NEC Corporation announced the launch of FireDucks, a free software program designed to accelerate the table data analysis Capable of carrying out the data preparation required for data analysis up to 16 times (*2) faster than existing products, this newly developed software significantly shortens the time spent on data analysis and lowers computing costs.
  • In November 2023, Altair announced that Altair RapidMiner, its data analytics and AI platform, is becoming more integrated, more powerful, and easier to use for mass data analysis.
  • In November 2022, IBM announced new software designed to help enterprises break down data and analytics silos so they can make data-driven decisions quickly and navigate unpredictable disruptions. IBM Business Analytics Enterprise is a suite of business intelligence planning, budgeting, reporting, forecasting, and dashboard capabilities that provides users with a robust view of data sources across their entire business.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Big Data Analytics Market size was valued at USD 271.83 billion in 2022 and is poised to grow from USD 308.27 billion in 2023 to USD 842.9 billion by 2031, growing at a CAGR of 13.4% in the forecast period (2024- 2031).

The competitive environment of the global Big Data Analytics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Amazon Web Services Inc.', 'International Business Machines Corporation', 'Looker Data Sciences, Inc.', 'Mu Sigma', 'Oracle Corporation', 'SAP SE', 'Sisense Inc.', 'Tableau Software LLC.', 'ThoughtSpot Inc.', 'Zoho Corporation Pvt. Ltd.', 'IBM Corporation', 'Microsoft Corporation', 'Fair Isaac Corporation', 'Salesforce Inc.', 'Equifax, Inc.', 'TransUnion', 'QlikTech International AB'

The escalating adoption of smart applications, the emergence of new social media platforms, and the ongoing industrial revolution collectively anticipate the generation of extensive databases. This exponential growth in data is particularly evident in the colossal volume generated by various social media platforms such as Facebook, YouTube, Instagram, Snapchat, and others. The proliferation of databases across diverse industries is poised to be a significant driver for the data analytics market. Notably, within agriculture, equipment like smart machines, GPS-equipped tractors, and soil sensors contribute substantially to generating vast sets of data.

The scarcity of adequate talent and resources across diverse business sectors has prompted a notable shift towards the adoption of analytics and digital solutions. This trend is particularly evident in industries spanning Banking, Financial Services, and Insurance (BFSI), Retail, Telecommunications, and various other sectors. As businesses navigate the landscape of Industry 4.0, there's a growing recognition of the pivotal role played by data analytics in driving sustainable manufacturing processes.

North America asserts its dominance in the market, capturing a substantial revenue share of 34.7% in 2023. Renowned for hosting prominent businesses across diverse industries, the region stands as a hub for widespread software implementation. A notable example lies within social media giants like Facebook, Twitter, and Instagram, leveraging data analytics to gather user preferences and deploy targeted advertising strategies. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Big Data Analytics Market

Report ID: SQMIG45A2074 | Region: Global | Published Date: February, 2024 | Pages: 197 | Tables: 59 | Figures: 75

Global Commercial Satellite Imaging Market
Buy Now GET FREE SAMPLE
Global Big Data Analytics Market

Report ID: UCMIG45A2040 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Affective Computing Market
Buy Now GET FREE SAMPLE
Global Big Data Analytics Market

Report ID: SQMIG45A2311 | Region: Global | Published Date: February, 2024 | Pages: 195 | Tables: 119 | Figures: 70

Global Hybrid Integration Platform Market
Buy Now GET FREE SAMPLE
Global Big Data Analytics Market

Report ID: SQMIG45A2138 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 120 | Figures: 77

Global 3D Animation Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Big Data Analytics Market

Product ID: SQMIG45A2211

$5,300
BUY NOW GET FREE SAMPLE