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Global Big Data Analytics Market Overview
The Global Big Data Analytics Market size is estimated to reach $ 275.1 billion by 2026, growing at a CAGR of 12.1% over the forecast period of 2021-2026. Big data analytics is a kind of advanced analytics that entails complex applications that use analytics systems to power aspects like predictive models, statistical algorithms, and what-if analyses. Big data analytics technologies and software may assist businesses in making data-driven decisions that enhance business outcomes. More effective marketing, additional income opportunities, customer personalization, and increased operational efficiency are possible benefits. Smart implementation of Artificial Intelligence will create advanced algorithms enabling organizations to achieve more through big data analytics.
Impact of COVID-19 on Big Data Analytics Market:
The COVID-19 pandemic resulted in sectors like Healthcare, retail, IT, others. Undergoing rapid digitization to survive as well as grow. Hence, the big data analytics market is predicted to experience much progress to meet the digitization requirements, positively affecting the industry.
Key Takeaways from Global Big Data Analytics Market Report:
By Components, the service segment is expected to expand at the fastest rate in terms of CAGR during the forecast period.
The software segment is anticipated to have the largest market share in the forecast period by components. Expansion is because it has enormous offerings like business intelligence, CRM, workforce analytics, and others, which have resulted in the highest market share contribution.
The service segment is expected to show the highest growth in terms of CAGR, owing to its contribution to managing to implement the data well to derive advanced solutions in the future.
The Asia Pacific to account for the largest market share during the forecast period
North America held the largest share of the Big Data Analytics Market in 2020. The rapid expansion in North America may be attributed to the expanding usage of big data technologies, a growing volume of data across the end-user, and rising corporate investments in real-time analytics.
The Asia Pacific is set to be the rapidly-growing Big Data Analytics Market. This is because developing nations like India are taking possibilities to go beyond guaranteeing compliance and using technology to implement faster strategies in the Big Data Analytics Market.
Market Dynamics
Driver: Edge Computing'sComputing's Increased Usage Will Boost Demand for Analytics Tools, thus driving Big Data Analytics Market
The number of connected IoT devices is expanding as the Internet of Things (IoT), artificial intelligence (AI), and machine learning techniques become more widely used (MLA). Edge computing is also becoming increasingly popular as the need for connected devices grows. Edge computing is primarily significant to industrial IoT since it allows for real-time data processing and shorter response times. During the projected period, this aspect is expected to boost the growth of the big data analytics market.
Challenge: Security issues in the field are restraining the market growth.
Cyber attacks, fake data, security breaches create concerns to protect the privacy and security of customers, causing challenges for the progress of the Big Data Analytics Market.
Key Market Players
Key Players in the Global Big Data Analytics Market consist of IBM, Google, Oracle, Microsoft, SAS, SAP, Alteryx, TIBCO, Cloudera, Teradata, AWS, Informatica, etc.
Developments
In December 2021, The Azure Data Lake Storage soft delete for blobs functionality was announced by Microsoft. This function safeguarded files and folders from accidental deletion by retaining deleted data in the system for a certain period. Users may recover a soft-deleted item, such as a file or directory, to its initial state during the retention period. After the retention time has expired, the item will be permanently deleted.
Report Coverage and Scope
The report "Global Big Data Analytics Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Component
By Application
By Vertical
By Geography
Global Big Data Analytics Market Growth, Trend and Forecast 2020-2028
Chapter 1 Big Data Analytics Market Overview
1.1 Product Overview and Scope of Big Data Analytics
1.2 Big Data Analytics Market Segmentation by Type
1.2.1 Global Production Market Share of Big Data Analytics by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Big Data Analytics Market Segmentation by Application
1.3.1 Big Data Analytics Consumption Market Share by Application in 2019
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Big Data Analytics Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Big Data Analytics (2014-2028)
Chapter 2 Global Economic Impact on Big Data Analytics Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Big Data Analytics Market Competition by Manufacturers
3.1 Global Big Data Analytics Production and Share by Manufacturers (2019 and 2019)
3.2 Global Big Data Analytics Revenue and Share by Manufacturers (2019 and 2019)
3.3 Global Big Data Analytics Average Price by Manufacturers (2019 and 2019)
3.4 Manufacturers Big Data Analytics Manufacturing Base Distribution, Production Area and Product Type
3.5 Big Data Analytics Market Competitive Situation and Trends
3.5.1 Big Data Analytics Market Concentration Rate
3.5.2 Big Data Analytics Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Big Data Analytics Production, Revenue (Value) by Region (2014-2020)
4.1 Global Big Data Analytics Production by Region (2014-2020)
4.2 Global Big Data Analytics Production Market Share by Region (2014-2020)
4.3 Global Big Data Analytics Revenue (Value) and Market Share by Region (2014-2020)
4.4 Global Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.5 North America Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.6 Europe Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.7 China Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.8 Japan Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.9 Southeast Asia Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.10 India Big Data Analytics Production, Revenue, Price and Gross Margin (2014-2020)
Chapter 5 Global Big Data Analytics Supply (Production), Consumption, Export, Import by Regions (2014-2020)
5.1 Global Big Data Analytics Consumption by Regions (2014-2020)
5.2 North America Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.3 Europe Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.4 China Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.5 Japan Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.6 Southeast Asia Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.7 India Big Data Analytics Production, Consumption, Export, Import by Regions (2014-2020)
Chapter 6 Global Big Data Analytics Production, Revenue (Value), Price Trend by Type
6.1 Global Big Data Analytics Production and Market Share by Type (2014-2020)
6.2 Global Big Data Analytics Revenue and Market Share by Type (2014-2020)
6.3 Global Big Data Analytics Price by Type (2014-2020)
6.4 Global Big Data Analytics Production Growth by Type (2014-2020)
Chapter 7 Global Big Data Analytics Market Analysis by Application
7.1 Global Big Data Analytics Consumption and Market Share by Application (2014-2020)
7.2 Global Big Data Analytics Consumption Growth Rate by Application (2014-2020)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Big Data Analytics Manufacturing Cost Analysis
8.1 Big Data Analytics Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Big Data Analytics
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Big Data Analytics Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Big Data Analytics Major Manufacturers in 2019
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Big Data Analytics Market Forecast (2020-2028)
12.1 Global Big Data Analytics Production, Revenue Forecast (2020-2028)
12.2 Global Big Data Analytics Production, Consumption Forecast by Regions (2020-2028)
12.3 Global Big Data Analytics Production Forecast by Type (2020-2028)
12.4 Global Big Data Analytics Consumption Forecast by Application (2020-2028)
12.5 Big Data Analytics Price Forecast (2020-2028)
Chapter 13 Appendix
Published On:May 2022
Base Year:2021
Historical Data:2018 - 2020
No of Pages:250
Big Data Analytics Market Size, Share & Trends Ana...
RD Code : IT22