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Big Data Analytics Market By Platform, By Deployment Mode, By Organization Size, By End-user: Growth, Future Prospects, and Competitive Analysis, 2020 - 2028

  • ID: 5148422
  • Report
  • September 2020
  • Region: Global
  • 120 pages
  • Acute Market Reports

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FEATURED COMPANIES

  • Accenture Plc.
  • AWS
  • Cisco Systems Inc.
  • Dell Inc.
  • HPE Company
  • IBM Corporation
Key Market Insights

Rapid adoption of cloud technology will spur the market revenue growth

The global big data analytics market was valued at US$ 41.85Bn in 2019 and is projected to grow to US$ 115.13 Bn growing at a CAGR of 11.9% during the forecast period from 2020 to 2028.

The increasing penetration of smartphones results in increased digital interaction which in turn is generating massive amounts of data. To manage this data advanced analytics solution is required driving the growth of the big data analytics market. The modern approach towards data warehouses for storing and processing large amounts of data creates lucrative opportunities for organizations to identify and understand data. Thus, boosting the growth of the big data analytics market.

Big data analytics can be called the heart of the digital world, on the basis of analyzing and converting data into information that provides valuable insights to businesses. Clouds are the major platforms for big data analytics apps in the world. Moreover, the hybrid cloud platform is majorly adopted by large organizations to run big data analytics whereas public clouds are becoming predominant for small and medium-sized organizations.

Platform Analysis

Service segment to dominate the market throughout the forecast period

Based on the platform, the services segment accounted for more than 1/3rd of the revenue share of global big data analytics market revenue. Owing to the benefits offered including personalized experience, ability to add real-time data for companies, unique view of customers including countless descriptive, calculated, and industry-specific metrics to organizations to understand client requirements among others.

In contrast, the software segment is anticipated to witness the highest growth throughout the forecast period. This can be associated with the rising adoption of big data analytics software by many mid-sized and small-sized firms, and benefits of big data such as real-time forecasting and monitoring, the capability to locate, extract and analyze data with different tools among others. Additionally, the increasing trend of adopting various tools including data science, analytic application, and stream processing among others is further fueling the growth of the big data analytics market.

End-user Analysis

IT & Telecom segment is anticipated to be dominant throughout the forecast period

Based on end-use, the global big data analytics market is segmented into BFSI, IT & Telecom, Healthcare, Government, Manufacturing, and Others (Education, and Logistics, etc.). IT & Telecom, segment dominates the big data analytics market accounting for a revenue share of more than 30%. Owing to the requirement to increase revenue, generate new business, and reducing the churn rate among others is fueling the market growth. Additionally, IT & telecom sector companies are increasingly adopting cloud technology to deploy big data analytics in their organizations. According to a recent study, more than 90% of organizations are investing in AI and Machine Learning capabilities in 2019 compared to 68% in 2017.

On the contrary, the BFSI segment is projected to register maximum growth throughout the forecast period. Owing to the increasing adoption of AI, machine learning, and data science among others in business services companies. According to a recent report, by 2021, the public cloud will become the dominant and most preferred big data analytics approach for every customer segment including large organizations.

Regional Analysis

Rapid adoption of advanced technology to proliferate the growth in the Asia Pacific region

In 2019, the North America region is the most dominating region worldwide accounting for more than 35% of market revenue and is anticipated to be dominating throughout the forecast period. The US in particular accounts for more than 80% of the market share and is the leading revenue contributor to the big data analytics market. This is due to the North America region being one of the early adopters of technology, increasing investments, and the presence of major organizations in the region with significant adoption of big data analytics among others is expected to proliferate big data analytics market growth.

On the contrary, the Asia Pacific region is anticipated to register the highest growth during the forecast period. Owing to, the exponential growth in adoption advanced technology among businesses, and high capital investment to deploy big data analytics in organizations among others. China will be leading the big data analytics market in the Asia Pacific region and expected to register the highest growth. Thus proliferating the big data analytics market growth. For instance, Qzone has reported that in a single month more than 6 Bn photographs are uploaded, China Unicorn reports more than 1 million records per second and stores more than 2 trillion new records each month, and Baidu responds to 6 Billion searches on more than 1 trillion of its website pages among others. Thus bolstering the growth of the big data analytics market.

List of Companies Covered:
  • IBM Corporation
  • Splunk Inc.
  • Dell Inc.
  • Oracle Corporation
  • AWS
  • Accenture Plc.
  • Palantir Technologies
  • HPE Company
  • SAP SE
  • Microsoft Corporation
  • Cisco Systems Inc.
Key Industry Development:
  • In November 2018, HPE announced the acquisition of BlueData a leading big data analytics and Artificial Intelligence Company. This acquisition has helped HPE to expand its product portfolio.
  • In August 2019, Salesforce announced the acquisition of Tableau with MuleSoft for US$ 15.7 Bn. This acquisition will enable Salesforce to provide 360 customer service and further enhance its analytics capabilities.
Historical & Forecast Period

This study report represents analysis for each segment from 2018 to 2028 considering 2019 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2020 to 2028.

Market Segmentation

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall big data analytics market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

Key questions answered in this report
  • What are the current market trends and dynamics in the big data analytics market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2028
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which product type segment holds a larger market share and why?
  • Are low and middle-income economies investing in the big data analytics market?
  • Which is the largest regional market for big data analytics?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the big data analytics market in 2018 and 2019
  • Which are the key trends driving the global big data analytics market growth?
  • Who are the leading service providers in the big data analytics market worldwide?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accenture Plc.
  • AWS
  • Cisco Systems Inc.
  • Dell Inc.
  • HPE Company
  • IBM Corporation
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Platform
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Big Data Analytics Market
2.2. Global Big Data Analytics Market, by Platform, 2019 (US$ Bn)
2.3. Global Big Data Analytics Market, by Deployment Mode, 2019 (US$ Bn)
2.4. Global Big Data Analytics Market, by Organization Size, 2019 (US$ Bn)
2.5. Global Big Data Analytics Market, by End-user, 2019 (US$ Bn)
2.6. Global Big Data Analytics Market, by Geography, 2019 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Big Data Analytics Market Value, 2018-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players

4. Global Big Data Analytics Market, by Platform,2018-2028 (US$ Bn)
4.1. Overview
4.2. Hardware
4.3. Software
4.3.1. Analytics Applications
4.3.2. Data Science
4.3.3. Stream Processing
4.3.4. Application Infrastructure
4.3.5. Analytic and Application Databases
4.4. Services

5. Global Big Data Analytics Market, by Deployment Mode, 2018-2028 (US$ Bn)
5.1. Overview
5.2. On-premise
5.3. Cloud
5.3.1. Public Cloud
5.3.2. Private Cloud
5.3.3. Hybrid Cloud

6. Global Big Data Analytics Market, by Organization Size, 2018-2028 (US$ Bn)
6.1. Overview
6.2. SMEs
6.3. Large Enterprises

7. Global Big Data Analytics Market, by End-user, 2018-2028 (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 Market Analysis, 2018-2028 (US$ Bn)
8.1. Overview
8.1.1. North America Big Data Analytics Market Value and Growth, 2018-2028, (US$ Bn)
8.2. North America Big Data Analytics Market Value, By Platform, 2018-2028 (US$ Bn)
8.2.1. Market Analysis
8.3. North America Big Data Analytics Market Value, By Deployment Mode, 2018-2028 (US$ Bn)
8.3.1. Market Analysis
8.4. North America Big Data Analytics Market Value, By Organization Size, 2018-2028 (US$ Bn)
8.4.1. Market Analysis
8.5. North America Big Data Analytics Market Value, By End-user, 2018-2028 (US$ Bn)
8.5.1. Market Analysis
8.6. North America Big Data Analytics Market Value, By Region/Country, 2018-2028 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Big Data Analytics Market Analysis, 2018-2028 (US$ Bn)
9.1. Overview
9.1.1. Europe Big Data Analytics Market Value and Growth, 2018-2028, (US$ Bn)
9.2. Europe Big Data Analytics Market Value, By Platform, 2018-2028 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe Big Data Analytics Market Value, By Deployment Mode, 2018-2028 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe Big Data Analytics Market Value, By Organization Size, 2018-2028 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe Big Data Analytics Market Value, By End-user, 2018-2028 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe Big Data Analytics Market Value, By Region/Country, 2018-2028 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Big Data Analytics Market Analysis, 2018-2028 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific Big Data Analytics Market Value and Growth, 2018-2028, (US$ Bn)
10.2. Asia Pacific Big Data Analytics Market Value, By Platform, 2018-2028 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific Big Data Analytics Market Value, By Deployment Mode, 2018-2028 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific Big Data Analytics Market Value, By Organization Size, 2018-2028 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific Big Data Analytics Market Value, By End-user, 2018-2028 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific Big Data Analytics Market Value, By Region/Country, 2018-2028 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Big Data Analytics Market Analysis, 2018-2028 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World Big Data Analytics Market Value and Growth, 2018-2028, (US$ Bn)
11.2. Rest of the World Big Data Analytics Market Value, By Platform, 2018-2028 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World Big Data Analytics Market Value, By Deployment Mode, 2018-2028 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World Big Data Analytics Market Value, By Organization Size, 2018-2028 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World Big Data Analytics Market Value, By End-user, 2018-2028 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World Big Data Analytics Market Value, By Region, 2018-2028 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

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.
Note: Product cover images may vary from those shown
  • IBM Corporation
  • Splunk Inc.
  • Dell Inc.
  • Oracle Corporation
  • AWS
  • Accenture Plc.
  • Palantir Technologies
  • HPE Company
  • SAP SE
  • Microsoft Corporation
  • Cisco Systems Inc.
Note: Product cover images may vary from those shown
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