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Global Big Data Market Bwc19354
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Global Big Data Market Bwc19354

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Big Data Market - Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Component (Solutions, Services), By Deployment Mode (On-Premises, Cloud), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises), By Business Function (Marketing And Sales, Operations, Finance, Human Resources), By End-User (Banking, Financial Services, And Insurance, Manufacturing, Government And Defense, IT And Telecom, Healthcare And Life Sciences, Retail And Consumer Goods, Transportation And Logistics, Media And Entertainment, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: November 2021
  • Report ID: BWC19354
  • Available Format: PDF
  • Page: 210

Report Overview

The global big data market is gaining traction owing to the expanding necessity of organized information for examinations, which assists organizations with accomplishing targets, combined with the developing number of online networking stages and clients getting to available interactive media content on the Internet.

Global Big Data Market- Industry Trends & Forecast Report 2027

The global big data market was worth USD 140.2 billion in 2020 and is further projected to reach USD 282.4 billion by the year 2027, growing at the CAGR of 10.6% in the forecast period. Growth in the market can be attributed to the growing demand for organized information for examinations, which assists organizations in achieving their objectives, and to the increase in the number of online networking platforms, as well as the increased accessibility of interactive media content on the web, including recordings, sounds, and content.


Global Big Data Market

Source: BlueWeave Consulting

Global Big Data Market- Overview

Big data refers to the process of generating huge amounts of data and analyzing the same for extracting systematic information. Data that is processed in big data is huge and generated in large quantities. Social media posts, for example, can be classified as big data because they are regularly posted on social media platforms and generate a lot of reactions from consumers in the form of omments and likes or dislikes. Online monetary transactions, customer databases, documents, emails are also part of big data. The data gathered by big data can be used for various purposes, including personalized marketing, discovering customer leads, demand prediction, etc.

Global Big Data Market Forecast and Trends

Growth Drivers

Increasing Penetration of AI, IoT, and Machine Learning

Various countries and organizations are significantly investing in advanced technologies like AI, IoT, machine learning, etc., to improve their business process and overall working. This factor is expected to emerge as the major driving factor for the global big data market during the forecast period. When these technologies are combined with big data, organizations are able to generate and process large volumes of data that can be utilized to improve business processes and offer more personalized services to customers.

Expanding Application Of Big Data Analytics

The adoption of big data analytics has registered a significant boom across various end-users such as BFSI, government, defense, IT & telecom, retail & consumer goods, e-commerce, etc. The information derived through big data analytics is helping the business make data-driven business decisions that are improving business efficiency and increasing revenue. Big data analytics can also help in targeted advertisement and generating customer leads, which favors the market in the long run. Due to this, the demand for big data is growing at a high rate, propelling the overall market.

Restraints

High Cost Of Big Data Deployment

Except for certain companies that belong to the top tier category in the market, the deployment of big data proved to be very expensive for businesses, especially small and medium-sized enterprises. For deploying big data, the business has to incur the cost of an analytical database, which increases with the increase in the amount of storage, computing, and processing power. This becomes an additional financial burden, which restricts the overall market growth of the global big data market.

Impact of COVID-19 on Global Big Data Market

The COVID-19 pandemic offered tremendous growth opportunities to the global big data market. Big data proved to be an efficient technology in gathering and processing the data of COVID-19-affected patients from different regions. Such data is also assisting in making future outburst predictions. The information processes through big data analytics are also being used for research purposes for understanding the nature of the virus and developing preventive methods for future purposes. This information can further be used for better allocation of resources for protecting public health. Due to such benefits, the global big data market is anticipated to witness impressive growth in the post-COVID-19 period as well.

Global Big Data Market - By Component

Based on components, the global big data market is categorized into solutions and services. The solution segment is further classified into big data analytics, data discovery, data visualization, and data management. The services segment is also classified into managed services and professional services. The big data analytics segment accounts for the largest market share. Big data analytics is used by large organizations for a number of purposes, such as targeted advertising, price optimization, supply chain and channel analysis, etc., to increase business revenue.

Global Big Data Market - By Deployment Mode

Based on deployment modes, the global big data market is segmented into on-premises and cloud. The on-premise segment accounted for the largest market share until  2020. However, cloud deployment is projected to register the highest growth rate during the forecast period. The COVID-19 outbreak is expected to act as a major driving factor for the cloud deployment segment. The growing adoption of cloud computing services for improved efficiency and expansion of the business of fueling the demand for cloud deployment.

Global Big Data Market - Regional Insights

Geographically, the global big data market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the global big data market because of the high concentration of global industry players such as Microsoft, Oracle Corporation, Cisco Systems, etc., in this region. Therefore, huge amounts of investments are made in the big data market to equip advanced technologies, such as artificial intelligence, machine learning, IoT, etc. Furthermore, the increasing number of large enterprises and their growing demand for big data analytics are fueling the overall market growth.

Competitive Landscape

The leading players in the global big data market are Amazon Web Services, Dell, Teradata, Splunk, SAP SE, SAS Institute, Microsoft, Johnson Controls, EMC, Oracle Corporation, Datameer, Hewlett Packard Enterprise Development LP, IBM Corporation, VMware, Inc., Cisco Systems, Inc., Intel Corporation, Cloudera, Information Builders, Yellowfin, and other prominent players.

The global big data market is dominated by technology giants, such as AWS, Microsoft, IBM, etc., who lead the market with their advanced big data analytic services. However, small companies are emerging with great potential and services, especially for SMEs. The companies focus on expanding their offering and services and are prominently investing in advanced technologies sich as AI, ML, cloud, etc. Furthermore, the adoption of competitive strategies suh as partnerships, mergers & acquisitions, joint ventures, etc., is also prominent in this market.

Recent Development

  • In November 2021, BigBear.ai, a US-based AI, machine learning, big data analytic, and cyber solutions company, entered into a partnership with Palantir Technologies, a software company, to integrate their products and expand their market offerings.

  • In November 2021, Xigem Technologies, a US-based software company, announced its plans of acquisition of Ontario Inc., a business intelligence company, to pursue data markets.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Component, By Deployment Mode, By Organization Size, By Business Function, By End-User, By Region

Key Players

Amazon Web Services, Dell, Teradata, Splunk, SAP SE, SAS Institute, Microsoft, Johnson Controls, EMC, Oracle Corporation, Datameer, Hewlett Packard Enterprise Development LP, IBM Corporation, VMware, Inc., Cisco Systems, Inc., Intel Corporation, Cloudera, Information Builders, Yellowfin, and other prominent players.

 

By Component

  • Solutions

  1. Big Data Analytics

  2. Data Discovery

  3. Data Visualization

  4. Data Management

  • Services

  1. Managed Services

  2. Professional Services

By Deployment Mode

  • On-Premises

  • Cloud

By Organization Size

  • Large Enterprises

  • Small And Medium-Sized Enterprises

By Business Function

  • Marketing And Sales

  • Operations

  • Finance

  • Human Resources

By End-User

  • Banking, Financial Services, And Insurance

  • Manufacturing

  • Government And Defense

  • It And Telecom

  • Healthcare And Life Sciences

  • Retail And Consumer Goods

  • Transportation And Logistics

  • Media And Entertainment

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Latin America (LATAM)

  • Middle-East & Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Penetration of AI, IoT, and Machine Learning
        2. Expanding Application Of Big Data Analytics
      2. Restraints
        1. High Cost Of Big Data Deployment
      3. Opportunities
        1. Increased Risk of Data Privacy and Security
      4. Challenges
        1. Increasing Adoption Of Big Data Among Large Enterprise
        2. Expanding Investment In Target Marketing
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Big Data Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
    2. Market Share & Forecast, by Segment
      1. By Component
        1. Solutions
          1. Big Data Analytics
          2. Data Discovery
          3. Data Visualization
          4. Data Management
        2. Services
          1. Managed Services
          2. Professional Services
      2. By Deployment Mode
        1. On-Premises
        2. Cloud
      3. By Organization Size
        1. Large Enterprises
        2. Small And Medium-Sized Enterprises
      4. By Business Function
        1. Marketing And Sales
        2. Operations
        3. Finance
        4. Human Resources
      5. By End-User
        1. Banking, Financial Services, And Insurance
        2. Manufacturing
        3. Government And Defense
        4. IT And Telecom
        5. Healthcare And Life Sciences
        6. Retail And Consumer Goods
        7. Transportation And Logistics
        8. Media And Entertainment
        9. Others
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Big Data Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Business Function
      5. By End-User
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Big Data Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Business Function
      5. By End-User
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Big Data Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Business Function
      5. By End-User
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Big Data Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Business Function
      5. By End-User
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Big Data Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Business Function
      5. By End-User
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Global Big Data Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Amazon Web Services
    2. Dell
    3. Teradata
    4. Splunk
    5. SAP SE
    6. SAS Institute
    7. Microsoft
    8. Johnson Controls
    9. EMC
    10. Oracle Corporation
    11. Datameer
    12. Hewlett Packard Enterprise Development LP
    13. IBM Corporation
    14. VMware, Inc.
    15. Cisco Systems, Inc.
    16. Intel Corporation
    17. Cloudera
    18. Information Builders
    19. Yellowfin
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

 

List of Figures

 

 

Figure 1: Global Big Data Market Segmentation

 

Figure 2 : Global Big Data Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 6: Global Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 7: Global Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 8: Global Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 9: Global Big Data Market Share (%), By End-User, By Value, 2017-2027

 

Figure 10: Global Big Data Market Share (%), By Region, By Value, 2017-2027

 

Figure 11: North America Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 12: North America Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 13: North America Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 14: North America Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 15: North America Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 16: North America Big Data Market Share (%), By End-User, By Value, 2017-2027

 

Figure 17: North America Big Data Market Share (%), By Country, By Value, 2017-2027

 

Figure 18: Europe Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 19: Europe Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 20: Europe Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 21: Europe Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 22: Europe Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 23: Europe Big Data Market Share (%), by End-User, By Value, 2017-2027

 

Figure 24: Europe Big Data Market Share (%), By Country, By Value, 2017-2027

 

Figure 25: Asia-Pacific Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 26: Asia-Pacific Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 27: Asia-Pacific Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 28: Asia-Pacific Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 29: Asia-Pacific Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 30: Asia-Pacific Big Data Market Share (%), By End-User, By Value, 2017-2027

 

Figure 31: Asia-Pacific Big Data Market Share (%), By Country, By Value, 2017-2027

 

Figure 32: Latin America Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 33: Latin America Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 34: Latin America Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 35: Latin America Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 36: Latin America Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 37: Latin America Big Data Market Share (%), By End-User, By Value, 2017-2027

 

Figure 38: Latin America Big Data Market Share (%), By Country, By Value, 2017-2027

 

Figure 39: Middle East & Africa Big Data Market Size, By Value (USD Billion), 2017-2027

 

Figure 40: Middle East & Africa Big Data Market Share (%), By Component, By Value, 2017-2027

 

Figure 41: Middle East & Africa Big Data Market Share (%), By Deployment Mode, By Value, 2017-2027

 

Figure 42: Middle East & Africa Big Data Market Share (%), By Organization Size, By Value, 2017-2027

 

Figure 43: Middle East & Africa Big Data Market Share (%), By Business Function, By Value, 2017-2027

 

Figure 44: Middle East & Africa Big Data Market Share (%), By End-User, By Value, 2017-2027

 

Figure 45: Middle East & Africa Big Data Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Global Big Data Market Size, By Component, By Value, 2017-2027

 

Table 2: Global Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 3: Global Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 4: Global Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 5: Global Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 6: Global Big Data Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 7: North America Big Data Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 8: North America Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 9: North America Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 10: North America Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 11: North America Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027,

 

Table 12: Europe Big Data Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 13: Europe Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 14: Europe Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 15: Europe Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 16: Europe Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific Big Data Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 18: the Asia-Pacific Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 19: the Asia-Pacific Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 20: the Asia-Pacific Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 21: the Asia-Pacific Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 22: Latin America Big Data Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 23: Latin America Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 24: Latin America Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 25: Latin America Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 26: Latin America Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 27: The Middle-East & Africa Big Data Market Size, By Component, By Value (USD Billion), 2017-2027

 

Table 28: The Middle-East & Africa Big Data Market Size, By Deployment Mode, By Value (USD Billion), 2017-2027

 

Table 29: The Middle-East & Africa Big Data Market Size, By Organization Size, By Value (USD Billion), 2017-2027

 

Table 30: The Middle-East & Africa Big Data Market Size, By Business Function, By Value (USD Billion), 2017-2027

 

Table 31: The Middle-East & Africa Big Data Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 32: Amazon Web Services Financial Analysis

Table 33: Amazon Web Services Business Overview

Table 34: Dell Financial Analysis

Table 35: Dell Business Overview

Table 36: Teradata Financial Analysis

Table 37: Teradata Business Overview

Table 38: Splunk Financial Analysis

Table 39: Splunk Business Overview

Table 40: SAP SE Financial Analysis

Table 41: SAP SE Business Overview

Table 42: SAS Institute Financial Analysis

Table 43: SAS Institute Business Overview

Table 44: Microsoft Financial Analysis

Table 45: Microsoft Business Overview

Table 46: Johnson Controls Financial Analysis

Table 47: Johnson Controls Business Overview

Table 48: EMC Financial Analysis

Table 49: EMC Business Overview

Table 50: Oracle Corporation Financial Analysis

Table 51: Oracle Corporation Business Overview

Table 52: Datameer Financial Analysis

Table 53: Datameer Financial Analysis

Table 54: Hewlett Packard Enterprise Development LP Financial Analysis

Table 55: Hewlett Packard Enterprise Development LP Business Overview

Table 56: IBM Corporation Financial Analysis

Table 57: IBM Corporation Business Overview

Table 58: VMware, Inc. Financial Analysis

Table 59: VMware, Inc. Business Overview

Table 60: Cisco Systems, Inc. Financial Analysis

Table 61: Cisco Systems, Inc. Business Overview

Table 62: Intel Corporation Financial Analysis

Table 63: Intel Corporation Business Overview

Table 64: Cloudera Financial Analysis

Table 65: Cloudera Business Overview

Table 66: Information Builders Financial Analysis

Table 67: Information Builders Business Overview

Table 68: Yellowfin Financial Analysis

Table 69: Yellowfin Business Overview

Market Segmentation

By Component

  • Solutions
  1. Big Data Analytics
  2. Data Discovery
  3. Data Visualization
  4. Data Management
  • Services
  1. Managed Services
  2. Professional Services

By Deployment Mode

  • On-Premises
  • Cloud

By Organization Size

  • Large Enterprises
  • Small And Medium-Sized Enterprises

By Business Function

  • Marketing And Sales
  • Operations
  • Finance
  • Human Resources

By End-User

  • Banking, Financial Services, And Insurance
  • Manufacturing
  • Government And Defense
  • It And Telecom
  • Healthcare And Life Sciences
  • Retail And Consumer Goods
  • Transportation And Logistics
  • Media And Entertainment
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global big data market reached USD 140.2 billion in 2020.
Ans: The major factors driving the growth of the global big data market are the increasing penetration of AI, IoT, and machine learning and expanding application of big data analytics.
Ans: The key players in the global big data market are: Amazon Web Services, Dell, Teradata, Splunk, SAP SE, SAS Institute, Microsoft, Johnson Controls, EMC, Oracle Corporation, Datameer, Hewlett Packard Enterprise Development LP, IBM Corporation, VMware, Inc., Cisco Systems, Inc., Intel Corporation, Cloudera, Information Builders, Yellowfin, and other prominent players.
Ans: Big data analytics is used by large organizations for a number of purposes, such as targeted advertising, price optimization, supply chain and channel analysis, etc., to increase business revenue.
Ans: North America holds the largest share in the global big data market. 
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