Big Data Technology Market Introduction and Overview
According to SPER Market Research, the Global Big Data Technology Market is estimated to reach USD 1241.48 billion by 2033 with a CAGR of 13.81%.
The report includes an in-depth analysis of the Global Big Data Technology Market, including market size and trends, product mix, distribution channels, and supplier analysis. Big data is a vast collection of both organised and unstructured data sets that have been gathered from numerous sources. Big data technologies can be used to gain insights that improve company decisions and strategic goals. It consists of a variety of software tools that can manage, gather, organise, deliver, and retrieve both structured and unstructured data.
- May 2023: The new version of Tableau was released by Salesforce so that users could automate data analysis and produce useful insights.
- March 2023: The latest generation of data management portfolio will be unveiled by SAP SE, a German multinational software corporation, in conjunction with Databricks, Collibra NV, and DataRobot, Inc.
Market Opportunities and Challenges
With the development of big data technology, it is essential for businesses all over the world to handle and analyse huge amounts of data quickly and cheaply. The increasing adoption of big data analytics by businesses is one of the new trends. Opportunities for big data analytical solutions are becoming more popular as they make it easier to collect and analyse massive volumes of data that various governments and businesses must deal with on a regular basis. This enables businesses to improve and strengthen their IT infrastructure, which might accelerate the growth of the big data technology market throughout the forecast period.
Users frequently store their sensitive data and business-related information on big data platforms, but this practice comes with a host of potential liabilities and vulnerabilities. As the popularity of these platforms grows, concerns regarding data breaches, unexpected disasters, application vulnerabilities, and data loss are also on the rise. Security and privacy issues, especially in sectors like academia, government, and finance, can lead to revenue reductions, damage the reputation of businesses, erode trust, and even result in legal consequences. Valuable data stored in databases and the cloud becomes an attractive target for cybercriminals, posing a threat to companies. Additionally, the significant investments and complexities associated with big data infrastructure can hinder market growth, particularly for small and medium-sized enterprises (SMEs).
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Accenture PLC, Cisco Systems Inc., Hewlett-Packard Company, IBM Corporation, Information Builders Inc., Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, SAP SE, SAS Institute, Others. By improving their current product lines, major firms in the big data technology space including SAP SE, IBM Corporation, and Microsoft Corporation are bolstering their market positions. Additionally, the enterprises will be able to grow their product lines and accomplish organisational objectives by implementing partnership and collaboration tactics. In order to improve their products and provide better solutions, leading companies are using big data solutions with cutting-edge technologies like AI, ML, and cloud. These important players are now concentrating on funding the creation of several big data-related projects all across the world.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Offering, By Deployment, By Application, By Organization Size, By End Use
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Accenture PLC, Cisco Systems Inc., Hewlett-Packard Company, IBM Corporation, Information Builders Inc., Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, SAP SE, SAS Institute, Others |
COVID-19 Impact on Global Big Data Technology Market
This market benefited from the COVID-19 pandemic. Governments and businesses made significant investments in big data technologies to store data and information about patients with COVID-19 in the year 2020. This technique made it possible to digitally save a lot of real-time data about COVID patients. It also aided in shedding light on the prevention and spread of the coronavirus. With its ability to capture in-depth data, this technology assisted in halting the coronavirus's spread. The information gathered also aided in the development of future COVID-19 prevention strategies.
Key Target Audience:
- Cloud Service Providers
- Consulting and Analytics Firms
- Data Scientists and Analysts
- Data Security and Privacy Professionals
- Enterprises and Businesses
- IT Professionals
- Manufacturing and Industrial Firms
- Supply Chain and Logistics Companies
- Telecommunications Providers
- Transportation and Travel Companies
- Others
Our in-depth analysis of the Big Data Technology Market includes the following segments:
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By Offering:
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Services
Solution
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By Deployment:
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Cloud
Hybrid
On-premises
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By Application:
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Customer Analytics
Data Analytics
Enterprise Data Warehouse Optimisation
Fraud Detection and Compliance
Operational Analytics
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By Organization Size:
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Large Enterprises
Small and Medium Size Enterprises
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By End Use:
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BFSI
Education
Government
Healthcare
IT and Telecom
Manufacturing
Retail
Utility
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Key Topics Covered in the Report:
- Global Big Data Technology Market Size (FY’2023-FY’2033)
- Overview of Global Big Data Technology Market
- Segmentation of Global Big Data Technology Market By Offering (Services, Solution)
- Segmentation of Global Big Data Technology Market By Deployment (Cloud, Hybrid, On-premises)
- Segmentation of Global Big Data Technology Market By Application (Customer Analytics, Data Analytics, Enterprise Data Warehouse Optimisation, Fraud Detection and Compliance, Operational Analytics)
- Segmentation of Global Big Data Technology Market By Organization Size (Large Enterprises, Small and Medium Size Enterprises)
- Segmentation of Global Big Data Technology Market By End Use (BFSI, Education, Government, Healthcare, IT and Telecom, Manufacturing, Retail, Utility, Others)
- Statistical Snap of Global Big Data Technology Market
- Expansion Analysis of Global Big Data Technology Market
- Problems and Obstacles in Global Big Data Technology Market
- Competitive Landscape in the Global Big Data Technology Market
- Impact of COVID-19 and Demonetization on Global Big Data Technology Market
- Details on Current Investment in Global Big Data Technology Market
- Competitive Analysis of Global Big Data Technology Market
- Prominent Players in the Global Big Data Technology Market
- SWOT Analysis of Global Big Data Technology Market
- Global Big Data Technology Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Big Data Technology Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Big Data Technology Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Big Data Technology Market
7. Global Big Data Technology Market, By Offering (USD Million)
7.1. Global Big Data Technology Market Value Share and Forecast, By Offering, 2023-2033
7.2. Services
7.2.1. Big Data Analytics
7.2.2. Data Discovery
7.2.3. Data Management
7.2.4. Data Visualisation
7.3. Solution
7.3.1. Managed Services
7.3.2. Professional Services
8. Global Big Data Technology Market, By Deployment (USD Million)
8.1. Global Big Data Technology Market Value Share and Forecast, By Deployment, 2023-2033
8.2. Cloud
8.3. Hybrid
8.4. On-premises
9. Global Big Data Technology Market, By Application (USD Million)
9.1. Global Big Data Technology Market Value Share and Forecast, By Application, 2023-2033
9.2. Customer Analytics
9.3. Data Analytics
9.4. Enterprise Data Warehouse Optimisation
9.5. Fraud Detection and Compliance
9.6. Operational Analytics
10. Global Big Data Technology Market, By Organization Size (USD Million)
10.1. Global Big Data Technology Market Value Share and Forecast, By Organization Size, 2023-2033
10.2. Large Enterprises
10.3. Small and Medium Size Enterprises
11. Global Big Data Technology Market, By End Use (USD Million)
11.1. Global Big Data Technology Market Value Share and Forecast, By End Use, 2023-2033
11.2. BFSI
11.3. Education
11.4. Government
11.5. Healthcare
11.6. IT and Telecom
11.7. Manufacturing
11.8. Retail
11.9. Utility
11.10. Others
12. Global Big Data Technology Market Forecast, 2019-2033 (USD Million)
12.1. Global Big Data Technology Market Size and Market Share
13. Global Big Data Technology Market, By Offering, 2019-2033 (USD Million)
13.1. Global Big Data Technology Market Size and Market Share By Offering (2019-2026)
13.2. Global Big Data Technology Market Size and Market Share By Offering (2027-2033)
14. Global Big Data Technology Market, By Deployment, 2019-2033 (USD Million)
14.1. Global Big Data Technology Market Size and Market Share By Deployment (2019-2026)
14.2. Global Big Data Technology Market Size and Market Share By Deployment (2027-2033)
15. Global Big Data Technology Market, By Application, 2019-2033 (USD Million)
15.1. Global Big Data Technology Market Size and Market Share By Application (2019-2026)
15.2. Global Big Data Technology Market Size and Market Share By Application (2027-2033)
16. Global Big Data Technology Market, By Organization Size, 2019-2033 (USD Million)
16.1. Global Big Data Technology Market Size and Market Share By Organization Size (2019-2026)
16.2. Global Big Data Technology Market Size and Market Share By Organization Size (2027-2033)
17. Global Big Data Technology Market, By End Use, 2019-2033 (USD Million)
17.1. Global Big Data Technology Market Size and Market Share By End Use (2019-2026)
17.2. Global Big Data Technology Market Size and Market Share By End Use (2027-2033)
18. Global Big Data Technology Market, By Region, 2019-2033 (USD Million)
18.1. Global Big Data Technology Market Size and Market Share By Region (2019-2026)
18.2. Global Big Data Technology Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Accenture PLC
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Cisco Systems Inc.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Hewlett-Packard Company
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. IBM Corporation
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Information Builders Inc.
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Microsoft Corporation
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. MicroStrategy Incorporated
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Oracle Corporation
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. SAP SE
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. SAS Institute
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope