Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Big Data - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Big Data is estimated at US$185.0 Billion in 2023 and is projected to reach US$383.4 Billion by 2030, growing at a CAGR of 11.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Big Data market is driven by several factors, including technological advancements, the exponential increase in data generation, and the rising adoption of data-driven decision-making. Technological advancements in data storage, processing, and analytics have significantly lowered the barriers to entry for Big Data adoption. Innovations such as artificial intelligence (AI) and machine learning (ML) are enhancing the capabilities of Big Data analytics, enabling more sophisticated and accurate predictions. AI and ML algorithms can process large datasets at high speeds, uncovering hidden patterns and providing deeper insights that drive strategic decisions.
The exponential increase in data generation from various sources, such as IoT devices, social media platforms, and digital transactions, is fueling the demand for Big Data solutions. IoT devices, ranging from smart home appliances to industrial sensors, continuously generate data that needs to be collected, stored, and analyzed to derive actionable insights. Moreover, the growing recognition of the value of data-driven decision-making is prompting organizations to invest in Big Data technologies to gain a competitive edge.
Companies across industries are leveraging data analytics to optimize operations, improve customer experiences, and innovate new products and services. Regulatory requirements for data management and the need for enhanced cybersecurity measures also contribute to the market`s expansion. Regulations such as the General Data Protection Regulation (GDPR) in Europe mandate stringent data protection and privacy standards, necessitating robust data management and security solutions. As Big Data continues to grow, its impact on various sectors will expand, further embedding data-driven strategies into the core of business operations.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the BFSI Application segment, which is expected to reach US$91.4 Billion by 2030 with a CAGR of a 10.5%. The IT & Telecom Application segment is also set to grow at 11.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $60.9 Billion in 2023, and China, forecasted to grow at an impressive 12.7% CAGR to reach $44.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amazon Web Services (AWS), Adobe, Inc., International Business Machines Corporation (IBM), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Big Data Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 474 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $185 Billion |
| Forecasted Market Value (USD) by 2030 | $383.4 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Big Data - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for 13049 Players Worldwide in 2024 (E)
- Companies Step Up the Use of Big Data to Manage Disruptions Posed by the Pandemic
- Special Focus on How Big Data is Being Used to Build Supply Chain Resilience
- Big Data: Definition, Scope & Applications
- How Big Data is Used in Myriad Industries
- Big Data in FinTech
- Big Data in Manufacturing
- Big Data in the Telecom Industry
- Big Data in Healthcare
- Big Data in the Retail Industry
- Big Data in the Oil & Gas Industry
- Big Data in the Public Sector
- Recent Market Activity
- Innovations
- World Brands
MARKET TRENDS & DRIVERS
- The Age of Analytics Provides the Cornerstone for the Disruptive Growth of Big Data Analytics
- Convergence of Big Data & Artificial Intelligence: A Mega Trend in Focus
- Here's Why AI is Witnessing Robust Growth
- What Does This Mean for Big Data?
- Blockchain & Big Data Become Increasingly Interdependent.
- Blockchain Technology to Witness Impressive Growth Post Pandemic
- The Coming of Age of Blockchain Technology Makes the Time Ripe for Big Data & Blockchain Integration
- Emphasis on Building Smart Cities, Will Widen the Role of Big Data in Realizing Promised Efficiencies
- How Big Data Can Help Smart Cities?
- Deluge of IoT Big Data, a Fallout of the Growing IoT Ecosystem, Amplifies the Importance & Value of Big Data Analytics
- Explosion of IoT Big Data Catalyzes the Need for Big Data Analytics for Insight Generation Needed for Informed Decision-Making & Value Creation
- Extracting Insights from Data Holds the Key to Higher Profitability & ROI on IoT Investments & This is Where "Big Data Analytics" Steps-In
- Continuous Development of Big Data Analytics to Benefit Market Growth
- Hadoop: The Most Well Renowned, Trusted & Popular Big Data Crunching Tool
- Prescriptive Analytics Emerges as the Future of Big Data
FOCUS ON SELECT PLAYERS(Total 13049 Featured)
- Amazon Web Services (AWS)
- Adobe, Inc.
- International Business Machines Corporation (IBM)
- Google LLC
- Oracle Corp.
- SAP SE
- SAS Institute Inc.
- Tata Consultancy Services
- Tibco Software, Inc.
- Zettaset
For more information about this report visit https://www.researchandmarkets.com/r/flwnbb
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