Big Data Analytics Market |  2021 size, growth insights,

Big Data Analytics Market | 2021 size, growth insights,

Pune, India, January 13, 2022 (GLOBE NEWSWIRE) – Global Big Data Analytics Market The market size is expected to reach US$549.73 billion in 2028. The market size was US$206.95 billion in 2020 and US$231.43 billion in 2021. Moreover, the market is expected to grow at a CAGR of 13.2% During the period 2021-2028. This information was published by Fortune Business Insights™ in its report, “Big Data Analytics Market, 2021-2028”.

According to our analysts, Big Data Analytics examines the unstructured and structured history to visualize and provide connection-based understandings, hidden configurations, different trends in the market, and much more.

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Report coverage

We provide our reports which are conducted through a comprehensive examination approach which mainly focuses on providing accurate material. Our scientists have implemented data triangulation which further helps us provide reliable estimates and accurately test general market dynamics. Furthermore, our analysts have received admission in several internationally and regionally funded registries to provide state-of-the-art material so that stakeholders and business professionals invest only in core areas.

List of Major Players included in this Market Report

  • Microsoft Corporation (Washington, USA)
  • Dun & Bradstreet Holdings, Inc. (New Jersey, United States)
  • Equifax, Inc. (Georgia, USA)
  • IBM Corporation (New York, USA)
  • Salesforce.com, Inc. (California, USA)
  • SAP SE (Walldorf, Germany)
  • Verrisk Analytics Inc. (New Jersey, United States)
  • Dow Jones & Company, Inc. (New York, USA)
  • Moody’s (New York, USA)
  • Oracle Corporation (Texas, USA)
  • SAS Institute Inc. (North Carolina, USA)
  • QlikTech International AB (Pennsylvania, USA)
  • TransUnion (Illinois, US)
  • Fair Isaac Corporation (California, United States)
  • Experian Information Solutions, Inc. (California, USA)

Scope and segmentation report

Report coverage details
prediction period From 2021 to 2028
Forecast period from 2021 to 2028 compound annual growth rate 13.2%
2028 Value Drop 549.73 billion US dollars
base year 2020
Market size in 2020 206.95 billion US dollars
Historical data about 2017 to 2019
number of pages 140
Sectors covered Component, Application, Vertical and Geography
growth engines Impact of COVID-19: Companies turn to digital solutions to drive market prospects
Increased use of edge computing to drive demand for analytics tools
Tactical purchases by leading players will influence market development

Impact of COVID-19: Companies turn to digital solutions to drive market prospects

The digital revolution across various industries such as healthcare, production, manufacturing, wholesale and retail trade, etc. during the coronavirus disease outbreak is expected to boost the implementation of big data.

Furthermore, the Industrial Internet of Things (IIoT) and Artificial Intelligence (AI) are navigating computing in the production industry. Big data technology is being used across portfolio management, asset management, analytic maintenance, network manufacturing, real-time alerts, and more to amplify manufacturing growth amid uncertain business situations.

Click here for the short-term and long-term impact of COVID-19 on this market : https://www.fortunebusinessinsights.com/big-data-analytics-market-106179

Competitive scene

Tactical purchases by leading players will influence market development

Major market players are benefiting from the provision of new and innovative applications of big data analytics across all parts of the business. Moreover, to build new solutions, the leading players in the market include access to core data, leverage their tools and technologies, and enhance their competencies in analytics and technology solutions.

industry development

  • April 2021: The Wall Street Journal presented the WSJ/Realtor.com Emerging Housing Market Index, which aims to reveal bullish housing markets and the prospect of an impending rise in home prices along with an enhanced standard of living.

Report coverage

We provide our reports which are conducted through a comprehensive examination approach which mainly focuses on providing accurate material. Our scientists have implemented data triangulation which further helps us provide reliable estimates and accurately test general market dynamics. Furthermore, our analysts have been accepted into several internationally and regionally funded registries to provide state-of-the-art material so that stakeholders and business professionals invest only in core areas.

fragmentation

On the basis of component, the global market is separated into Software, Hardware, and Services.

By application, the market is categorized into data discovery and visualization (DDV), advanced analytics (AA), and others (data preparation, among others).

In terms of vertical, the market is segmented into BFSI, government, retail, manufacturing, ICT, healthcare and life sciences, and others (automotive, among others). BFSI is expected to get maximum revenue share in the industry segment due to its wide growing customer base.

Geographically, the market is branching out into regions such as North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

Drivers and restrictions

Increased use of edge computing to drive demand for analytics tools

The amount of linked IoT tools is increasing due to the increased implementation of Internet of Things (IoT), artificial intelligence (AI) as well as machine learning (MLA) algorithms. According to a report published by IDC data, 152,200 IoT gadgets are likely to be connected every minute by 2025.

Moreover, the increasing demand for connected devices is boosting the employment of edge computing. With the ability to process data in real time and faster response times, edge computing is mostly relevant to the Industrial Internet of Things. This factor is expected to boost the growth of the big data analytics market during the forecast period.

Big Data Analytics Market Quick Buy Report: https://www.fortunebusinessinsights.com/checkout-page/106179

Regional Insights

North America held the maximum market share for big data analytics during the mentioned time period. The region notes significant companies across all industries and is implementing a big data analytics program extensively.

The Asia Pacific region experienced notable CAGR during the forecast period due to expansion in BFSI, retail, manufacturing, healthcare and other industries. Along with the leading countries like India, China, South Korea, Japan, Singapore etc., the potential development of the market is broad in the region.

Europe has greatly promoted the implementation of progressive communications, network solutions, social media, electronic devices, associated devices, and more. Increasing data on a large scale in the region is expected to increase the demand for analytic solutions.

Main content table:

  • an introduction
    • Definition, by syllable
    • Research Methodology
    • data sources
  • main socket
  • market dynamics
    • Macro and Micro Economic Indicators
    • Drivers, limitations, opportunities and trends
    • Impact of COVID-19
      • short term effect
      • Long term effect
  • Competition scene
    • Business Strategies Adopted by Major Players
    • Consolidated SWOT Analysis of Key Players
  • Global Big Data Analytics, Market Share Insights and Analytics of Key Players, 2020
  • Key market insights and strategic recommendations
  • Company Profile (Covered for 10 main players only)
    • Abstract
      • key management
      • headquarters etc
    • Offers / business sectors
    • Main details (Subject to availability of data in the public domain and/or on paid databases)
      • employee size
      • Main financial data
        • Past and current revenue
        • geographical share
        • business share
    • Recent Developments
  • Supplement / Supplement
    • Global Big Data Analytics (Quantitative Data) Market Size Estimates and Forecasts, by Segments, 2017-2028
      • by component (value)
        • Programming
          • Credit Risk Management
          • Business Intelligence Solutions
          • CRM Analytics
          • Compliance Analytics
          • Workforce Analytics
          • Other (content analytics, supply chain analytics, etc.)
        • hardware
        • Services
      • by application (value)
        • Data Discovery and Visualization (DDV)
        • Advanced Analytics (AA)
        • Other (data processing, etc.)
      • by vertical (value)
        • BFSI
        • government
        • selling by pieces
        • manufacturing
        • Information and Communication Technology
        • Health care and life sciences
        • Other (cars, etc.)
      • By region (value)
        • North America
        • South America
        • Europe
        • Middle East and Africa
        • Asia Pacific
    • North America Big Data Analytics (Quantitative Data) Market Size Estimates and Forecasts, by Segments, 2017-2028
      • by component (value)
        • Programming
          • Credit Risk Management
          • Business Intelligence Solutions
          • CRM Analytics
          • Compliance Analytics
          • Workforce Analytics
          • Other (content analytics, supply chain analytics, etc.)
        • hardware
        • Services
      • by application (value)

Check out the table of contents…!

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