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 total global market for roboticare was worth around 400 million U.S. dollars in 2018. It is forecasted that it will reach around 2.5 billion dollars by 2029. Roboticare can be defined as a bridge between care recipients, providers of care, and manufacturers of assistive technology. Nurse and rehabilitation robots, or robotic devices assisting in at-home self diagnostic health care are examples of roboticare.

This statistic represents the global automotive supercapacitor market in 2018 and 2028. Worldwide, the automotive supercapacitor market is expected to grow to almost seven billion U.S. dollars by 2028.

The statistic shows the compound annual growth rate of the global rolling stock market from 2018 to 2022, by region. The rolling stock market in Western Europe is projected to grow with a compound annual growth rate of 3.8 percent from 2018 to 2022.

The fermentation products market was valued at about 149.5 billion U.S. dollars in 2016, and are forecast to be worth over 205.5 billion U.S. dollars by 2023.

The statistic shows the market volume of the global rolling stock market between 2016 and 2018, by region. The rolling stock market in North America was worth 28.7 billion euros during this time period.

This statistic displays the market value of linear low density polyethylene (LLDPE) worldwide in 2018, and a projected figure for 2026. By 2026, it is expected that the market value of LLDPE will increase to approximately 78.7 billion U.S. dollars.

This statistic shows the global market size of weight loss cookies in 2018. In 2018, the global market for weight loss reduced fat cookies was valued at over 1 billion U.S. dollars.

The graph illustrates the estimated size of the global automotive seating market in 2018 and 2023. Between 2018 and 2023, it is predicted that this market will grow at a compound annual growth rate of around 3.3 percent to reach 80 billion U.S. dollars by 2023. The trends towards lightweighting and autonomous driving are expected to augur well for this market.

This statistic shows the estimated market value of BB cream worldwide in 2018 and 2027. In 2018, the global BB cream market was valued at about 2.5 billion U.S. dollars.

This statistic represents the estimated market value of automated feeding systems worldwide in 2018, with forecasted figures for 2019 to 2023. By 2023, the global automated feeding system market is expected to grow to a value of around 7.4 billion U.S. dollars.

In 2018, the size of the global market for undersea warfare systems was around 9.96 billion U.S. dollars. The market is expected to grow to around 14.61 billion U.S. dollars globally by 2024.

This statistic illustrates the market size of the global assessment services in 2018 and gives a forecast for 2019 through 2026. In 2019, the global assessment services market was estimated at over 6.5 billion U.S. dollars. Assessment services refer to the evaluation of skills and abilities for companies, academic, government and other institutions.

The statistic shows the value of the global flooring and carpet market in 2018 and 2025. In 2018, the global flooring and carpet market was valued at approximately 380.5 billion U.S. dollars and was forecast to reach a value of 450 billion U.S. dollars by 2025.

The market value of low density polyethylene (LDPE) worldwide amounted to 33 billion U.S. billion U.S. dollars in 2018. A forecast for 2024 states that this figure will experience an increase to some 41 billion U.S. dollars.

The total global market size for multiplex assays was expected to reach nearly eight billion U.S. dollars by 2028. Of this, about 3.1 billion was forecast to be generated in North America. This statistic depicts the multiplex assay market size worldwide since 2018, with projections up to 2028, by region. Multiplex assay is a process in which various analytes such as biomolecules, cytokines, proteins, chemokines, etc. are profiled by quantifying and detecting them simultaneously.

According to McKinsey data analysis, Chinese solar panel producers accounted for around half of the global solar panel market. Around 70 to 85 percent of first-tier components for the solar panel products came also from Chinese suppliers.

This statistic represents the global life science tool market as of April 2018, with a breakdown by segment. In April 2018, diagnostic and clinical supply life science tools accounted for around 19 percent of the overall market.

This statistic depicts the market value of organic dairy products worldwide in 2018 to 2022, and provides a forecast for 2028. In 2022, the global market value of organic dairy products reached 23.9 billion U.S. dollars, and is projected to increase to 36 billion U.S. dollars by 2028.

The market revenue of industrial agitators is forecast to amount to 4.66 billion U.S. dollars by 2027. Industrial agitators are machines used by industries such as the food, pharmaceutical, chemical, and cosmetics industries. The agitators perform tasks such as mixing liquids, promoting chemical reactions, increasing heat transfer, and so on.