DUBLIN--(BUSINESS WIRE)--The "Big Data And Analytics Global Market Opportunities And Strategies To 2030: COVID-19 Growth And Change" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global big data and analytics market as it emerges from the COVID-19 shut down.
The big data and analytics market reached a value of nearly $73,287.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 10.2% since 2015. The market is expected to grow from $73,287.6 million in 2020 to $135,706.1 million in 2025 at a rate of 13.1%. The market is then expected to grow at a CAGR of 13.2% from 2025 and reach $252,361.3 million in 2030.
Companies Mentioned
- Microsoft
- Oracle Corporation
- SAP SE
- IBM Corporation
- Salesforce
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
This report describes and explains the big data and analytics market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from strong economic growth in emerging markets, increased internet penetration, government initiatives in developing economies, rising penetration of e-commerce and increased availability of mobile devices
Going forward, increasing smart cities, internet of things (IoT), favorable government initiatives, increase in internet penetration, increasing adoption of 5G networks and the COVID-19 pandemic will drive the growth. Factors that could hinder the growth of the big data and analytics market in the future include data localization, intense competition, open source software and security challenges.
The big data and analytics market is segmented by analytics tools into dashboard & data visualization, self-service tools, data mining & warehousing, reporting and other analytics tools. The reports market was the largest segment of the big data and analytics market segmented by analytics tools, accounting for 31.3% of the total in 2020. Going forward, the self-service tools segment is expected to be the fastest growing segment in the big data and analytics market segmented by analytics tools, at a CAGR of 15.7% during 2020-2025.
The big data and analytics market is segmented by deployment mode into on-premise and could. The on-premise market was the largest segment of the big data and analytics market segmented by deployment mode, accounting for 69.4% of the total in 2020. Going forward, the cloud segment is expected to be the fastest growing segment in the big data and analytics market segmented by deployment mode, at a CAGR of 14.9% during 2020-2025.
The big data and analytics market is segmented by end-use industry into BFSI, retail, manufacturing, IT and Telecom, government, healthcare, utility, and other end use industries. The other end use industries market was the largest segment of the big data and analytics market segmented by end-use industry, accounting for 25.5% of the total in 2020. Going forward, the healthcare segment is expected to be the fastest growing segment in the big data and analytics market segmented by end-use industry, at a CAGR of 14.5% during 2020-2025.
The big data and analytics market is segmented by application into customer analytics, supply chain analytics, marketing analytics, pricing analytics, spatial analytics, workforce analytics, risk & credit analytics, transportation analytics and other applications. The risk & credit analytics market was the largest segment of the big data and analytics market segmented by application, accounting for 22.6% of the total in 2020. Going forward, the customer analytics segment is expected to be the fastest growing segment in the big data and analytics market segmented by application, at a CAGR of 15.4% during 2020-2025.
To take advantage of the opportunities, the publisher recommends the big data and analytics companies to focus on big data-as-a-service (bdaas), hybrid clouds, investing in edge computing, establish operations in emerging markets, provide competitively priced offerings in low-income countries, partnerships with end-users, increase visibility through websites, leverage social media to maximize reach and focus on industries.
For more information about this report visit https://www.researchandmarkets.com/r/vujxma
