The global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. With a share of 45 percent, the software segment would become the large big data market segment by 2027. What is Big data? Big data is a term that refers to the kind of data sets that are too large or too complex for traditional data processing applications. It is defined as having one or some of the following characteristics: high volume, high velocity or high variety. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets. Big data analytics Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate new business insights. The global big data and business analytics market was valued at 169 billion U.S. dollars in 2018 and is expected to grow to 274 billion U.S. dollars in 2022. As of November 2018, 45 percent of professionals in the market research industry reportedly used big data analytics as a research method.

The global big data analytics market size was valued at $307.52 billion in 2023 & is projected to grow from $348.21 billion in 2024 to $961.89 billion by 2032

The Supply Chain Big Data Analytics Market Report is Segmented by Component (Solution, Service), End User Industry (Retail, Transportation and Logistics, Manufacturing, Healthcare, Other End-User Industries), Deployment Model (On-Premise, Cloud), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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Big Data Services Market Size 2025-2029

The big data services market size is forecast to increase by USD 604.2 billion, at a CAGR of 54.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of big data in various industries, particularly in blockchain technology. The ability to process and analyze vast amounts of data in real-time is revolutionizing business operations and decision-making processes. However, this market is not without challenges. One of the most pressing issues is the need to cater to diverse client requirements, each with unique data needs and expectations. This necessitates customized solutions and a deep understanding of various industries and their data requirements. Additionally, ensuring data security and privacy in an increasingly interconnected world poses a significant challenge. Companies must navigate these obstacles while maintaining compliance with regulations and adhering to ethical data handling practices. To capitalize on the opportunities presented by the market, organizations must focus on developing innovative solutions that address these challenges while delivering value to their clients. By staying abreast of industry trends and investing in advanced technologies, they can effectively meet client demands and differentiate themselves in a competitive landscape.

What will be the Size of the Big Data Services Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the ever-increasing volume, velocity, and variety of data being generated across various sectors. Data extraction is a crucial component of this dynamic landscape, enabling entities to derive valuable insights from their data. Human resource management, for instance, benefits from data-driven decision making, operational efficiency, and data enrichment. Batch processing and data integration are essential for data warehousing and data pipeline management. Data governance and data federation ensure data accessibility, quality, and security. Data lineage and data monetization facilitate data sharing and collaboration, while data discovery and data mining uncover hidden patterns and trends. Real-time analytics and risk management provide operational agility and help mitigate potential threats. Machine learning and deep learning algorithms enable predictive analytics, enhancing business intelligence and customer insights. Data visualization and data transformation facilitate data usability and data loading into NoSQL databases. Government analytics, financial services analytics, supply chain optimization, and manufacturing analytics are just a few applications of big data services. Cloud computing and data streaming further expand the market's reach and capabilities. Data literacy and data collaboration are essential for effective data usage and collaboration. Data security and data cleansing are ongoing concerns, with the market continuously evolving to address these challenges. The integration of natural language processing, computer vision, and fraud detection further enhances the value proposition of big data services. The market's continuous dynamism underscores the importance of data cataloging, metadata management, and data modeling for effective data management and optimization.

How is this Big Data Services Industry segmented?

The big data services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ComponentSolutionServicesEnd-userBFSITelecomRetailOthersTypeData storage and managementData analytics and visualizationConsulting servicesImplementation and integration servicesSupport and maintenance servicesSectorLarge enterprisesSmall and medium enterprises (SMEs)GeographyNorth AmericaUSMexicoEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW).

By Component Insights

The solution segment is estimated to witness significant growth during the forecast period.Big data services have become indispensable for businesses seeking operational efficiency and customer insight. The vast expanse of structured and unstructured data presents an opportunity for organizations to analyze consumer behaviors across multiple channels. Big data solutions facilitate the integration and processing of data from various sources, enabling businesses to gain a deeper understanding of customer sentiment towards their products or services. Data governance ensures data quality and security, while data federation and data lineage provide transparency and traceability. Artificial intelligence and machine learning algo

Global Big Data Analytics in Retail market is valued at USD 6 billion, driven by e-commerce growth, personalized marketing, and data-driven decisions in key regions like US, China, Germany.

Context :

This dataset contains the official Fortune Global 500 list for the year 2023. It ranks the top 55 companies worldwide based on total annual revenue. The data was extracted from the Fortune website using Python’s pd.read_html() function.

Each row includes the following details:

•Industries

•Company

•Country

•Rank

•Revenue_m

This dataset can be used for business analysis, market research, data visualization, and machine learning projects related to global economics and corporate performance.

Data Description :

industry - The industry sector the company operates in.

company - The name of the company.

country - The country where company headquarter is situated.

rank - company's global position.

revenue_m - company's total revenue in million.

Source: Fortune Global 500 2023

BCC Research Market Report says big science should grow from $29.1 billion in 2020 to $41.6 billion by 2025 with a compound annual growth rate of 7.4%.

IT spending worldwide is projected to reach over 5.7 trillion U.S. dollars in 2025, over a nine percent increase on 2024 spending. Smaller companies spending a greater share on hardware According to the results of a survey, hardware projects account for a fifth of IT budgets across North America and Europe. Larger companies tend to allocate a smaller share of their budget to hardware projects. Companies employing between one and 99 people allocated 31 percent of the budget to hardware, compared with 29 percent in companies of five thousand people or more. This could be explained by the greater need to spend money on managed services in larger companies. Not all companies can reduce their spending While COVID-19 has the overall effect of reducing IT spending, not all companies will face the same experiences. Setting up employees to comfortably work from home can result in unexpected costs, as can adapting to new operational requirements. In a recent survey of IT buyers, 18 percent of the respondents said they expected their IT budgets to increase in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The global information technology (IT) industry spending for 2022 is estimated to be at approximately *** trillion U.S. dollars. With ** percent, Asia is also expected to be a large contributor to the global information technology industry. Looking ahead to the future, growth in the global industry is expected to continue through 2024 at **** percent compound annual growth rate (CAGR). Key categories of the United States IT industry Software, devices and infrastructure, IT and business services, emerging tech, and telecom services are among the key categories of the United States IT industry. Spending on tech services and software account for approximately half of spending in the U.S. technology market. Each of these categories are interrelated as the robust functionality of infrastructure and platforms, for example, are the foundation for communication through bandwidth for user devices. Key categories of the global IT industry On a global scale, large portions of IT budgets are allocated to the telecom services, devices and infrastructure, as well as IT and business services. Spending allocation varies across individual countries based on several factors. This is due to tech companies profiting from the ongoing digital transformation, while on the other hand, many companies are focusing resources on internal operations to learn from the challenges experienced during 2020.

Continuously updated global ranking of the world’s largest publicly traded technology companies by market capitalization (USD) as displayed on Capital.com. The table lists each company’s rank, market cap in USD, latest share price and primary listing country; rankings reflect reported market caps as of the stated date and are updated over time.

Luxembourg Business Survey: Industry: BM: Finished Goods Stocks: Too Large data was reported at 14.493 % in Nov 2018. This records an increase from the previous number of 6.195 % for Oct 2018. Luxembourg Business Survey: Industry: BM: Finished Goods Stocks: Too Large data is updated monthly, averaging 11.000 % from Jan 1992 (Median) to Nov 2018, with 323 observations. The data reached an all-time high of 95.738 % in Dec 2016 and a record low of 0.000 % in Oct 2017. Luxembourg Business Survey: Industry: BM: Finished Goods Stocks: Too Large data remains active status in CEIC and is reported by The Portal of Statistics of Luxembourg. The data is categorized under Global Database’s Luxembourg – Table LU.S001: Business Survey: Industry.

This statistic shows big data and analytics software market share by vendor worldwide from 2015 to 2019. In 2019, Microsoft overtook Oracle to become the leader of the market with a share of **** percent.

Graph and download economic data for Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Poland (DDAM02PLA156NWDB) from 1998 to 2020 about market cap, Poland, companies, and stock market.

The Big Data Market is projected to grow at a CAGR of around 14.7% during 2023-28, says MarkNtel Advisors. (Top Companies - Accenture PLC, Cloudera Inc., Teradata Corporation, Microsoft Corporation, Splunk Inc., Amazon Web Services, and Cisco Systems Inc)

Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data was reported at 33.899 RUB bn in Jan 2019. This records a decrease from the previous number of 45.326 RUB bn for Dec 2018. Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data is updated monthly, averaging 40.798 RUB bn from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 53.951 RUB bn in Mar 2017 and a record low of 33.899 RUB bn in Jan 2019. Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.BBB001: Industrial Production: All Industries.

Get key insights on Market Research Intellect's Big Data Analytics Software Market Report: valued at USD 80 billion in 2024, set to grow steadily to USD 160 billion by 2033, recording a CAGR of 8.8%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

Hadoop Big Data Analytics Market size was valued at USD 61.6 Billion in 2024 and is projected to reach USD 968.89 Billion by 2032, growing at a CAGR of 45.36% during the forecast period 2026-2032.Exponential Data Growth: The relentless, massive surge in structured and unstructured data acts as the fundamental catalyst driving the demand for scalable Big Data solutions. Every second, information streams into enterprises from an ever-expanding array of sources, including ubiquitous IoT devices transmitting sensor readings, real-time social media interactions, mobile application usage, and high-frequency enterprise transaction systems. This data deluge necessitates robust platforms capable of storing and processing petabyte-scale datasets without compromising performance. Hadoop, with its distributed file system (HDFS), provides the essential, fault-tolerant infrastructure required to effectively tame and analyze this overwhelming volume and variety of data, ensuring no valuable business intelligence is lost.Cost-Effective Data Management: A primary financial attraction of Hadoop for businesses handling immense data lakes is its compelling cost advantage compared to legacy systems. Unlike expensive, proprietary data warehousing solutions that require specialized high-end hardware, the Hadoop Distributed File System (HDFS) is engineered to run on clusters of low-cost, commodity hardware. This architectural design drastically reduces the capital expenditure and operational costs associated with storing and processing large datasets. By offering a significantly lower cost of storage and processing, Hadoop effectively democratizes Big Data analytics, making advanced processing capabilities financially viable for enterprises of all sizes.

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The figures are based on GDP (Nominal) and sector composition ratios provided by the CIA World Fact Book. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.

CONTEXT

• Agriculture Sector : Agriculture Sector contributes 6.4 percent of total world's economic production. Total production of sector is $5,084,800 million. China is the largest contributer followed by India. China and India accounts for 19.49 and 7.39 percent of total global agricultural output. World's largest economy United States is at third place. Next in line come Brazil and Indonesia

• **Industry Sector : **With GDP of $23,835 billion, Industry Sector holds a share of 30% of total GDP nominal. China is the largest contributor followed by US. Japan is at 3rd and Germany is at 4th place. These four countries contributes 45.84 of total global industrial output.

• Services Sector : Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD. Services sector is the leading sector in 201 countries/economies. 30 countries receive more than 80 percent of their GDP from services sector. Chad has lowest 27% contribution by services sector in its economy.

Discover the biggest chocolate companies in the world, from Mars, Inc. to Ferrero Group, and learn about their iconic brands, global presence, and impact on the industry.

The global Big Data in Logistics Market size is expected to see substantial growth, increasing from USD 5.13 billion in 2024 to USD 34.23 billion by 2034, at a CAGR of over 20.9%. Leading industry players include Alteryx, AWS, Blue Yonder, Cloudera, Infor, Manhattan Associates, Microsoft Corporation, Oracle Corporation Palantir, Qlik, SAP, Snowflake, Splunk, Teradata,.