MarkNtel Advisors recently published a detailed industry analysis of the Global Big Data Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Big Data Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Big Data Market is expected to grow at a CAGR of around 14.7% during the forecast period, i.e., 2023-28.
Key Findings in Global Big Data Market:
- Historical Analysis: 2018–2021
- Base Year: 2022
- Forecast Period: 2023–2028
Leading Market Players- Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation, Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, IBM Corporation, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Big Data Market?
Increasing Procurement of Databases across Industries – With the rapidly widening IT sector and the use of advanced technologies in diverse industries, database generation is booming globally. The scalability of digital solutions, across business sectors such as banking, retail, healthcare, agriculture, BFSI, and telecom/media, among others, worldwide are significantly increasing data, which in turn, is cultivating noteworthy changes in services. Hence, the use of bug data solutions is increasing and driving the market globally.
For instance, the use of these solutions in the agricultural sector offers perks like better risk management, and precision farming, backed by the use of smart machines, soil sensors, and GPS-equipped tractors, among others, which generate a massive volume of data sets. Farmers use this generated information to study advanced risk assessment, natural trends, ideal crops, supply tracks, and more, in agriculture.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
What segments define the Global Big Data Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Component
- Software
- Credit Risk Management
- Business Intelligence Solutions
- CRM Analytics
- Compliance Analytics
- Workforce Analytics
- Others (Content Analytics, Supply Chain Analytics, and Others)
- Hardware
- Services
According to report, Of these three, software dominates the Global Big Data Market with the largest share and the same trend is likely during 2023-28.
By Deployment
- Cloud
- On-premises
- Hybrid
According to report, Here, on-premise deployment of big data solutions holds a prominent share of the market.
By Business Function
- Marketing and Sales
- Finance
- Human Resource
- Operations
By Organization Size
- Large enterprises
- Small and medium-sized enterprises (SMEs)
By End User
- BFSI
- Retail
- Healthcare
- Advertising & Media
- Manufacturing
- Automotive and Transportation
- Others (IT/ITES, Telecommunication, etc.)
According to report, Among all, the BFSI sector is expected to generate the highest revenue and dominate the Big Data Market with the maximum share during the forecast period.
Explore the Complete Global Big Data Market Analysis Report –
Geographical Analysis: Global Big Data Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Big Data Market Recent Development:
- In January 2023, Oracle updated its Oracle Analytics Cloud to allow users to view & manage usage & diagnostic logs in the Oracle Cloud Infrastructure Logging Service. Also, the company improved the Home page navigation by redesigning it & making it more customizable.
- In March 2022, Microsoft launched Azure Health Data Services to unify health data, power AI in the cloud, and exclusively support PHI (Protected Health Information). This PaaS (Platform as a Service) offering is specifically designed to support both analytical & transactional workloads from the same data store and allow cloud computing to transform how AI is developed & delivered across the healthcare ecosystem.
- In December 2021, Microsoft rolled out the Soft delete for blobs capability for Azure Data Lake Storage, which protects files & directories from accidental deletes by retaining the deleted data in the system for a specified time.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Big Data Market?
- How is the Big Data Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/big-data-market.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
For Media Inquiries, Please Contact:
Email: sales@marknteladvisors.com
Trending Blogs : www.marknteladvisors.com/blogs
Export-import Data : https://www.marknteladvisors.com/export-import-data