Big Data Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Big Data Analytics Market
The big data analytics market size was valued at USD 307.51 billion in 2023, and the market is now projected to grow from USD 348.21 billion in 2024 to USD 924.39 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period of 2023-2032.
The big data analytics market growth is due to the pandemic speeding up changes in the manufacturing and healthcare sectors. While AI aids manufacturing through asset management and predictive maintenance, healthcare benefits from AI-driven reporting as well as electronic records. In response to the shifting atmosphere, firms are adjusting their operations by adopting remote work and advanced analytics.
The industry-widening adoption of digital solutions including banking, healthcare, retailing and agriculture has significantly increased data generation thereby boosting the big data analytics market share. Agriculture is now experiencing a major transformation through AI-powered smart machines, soil sensors and vehicle-mounted GPS systems which support advanced risk management and precision farming. In agriculture, big data analytics aids in scrutinizing large datasets used in risk assessment, supply chain monitoring and finding optimal seeds and fertilizers for crops.
According to IDC, 152,200 Internet of Things devices will connect per minute by 2025, propelling edge computing demand due to increasing machine learning (ML), internet of things (IoT) and artificial intelligence (AI) prevalence. Edge computing places processors closer to data sources, reducing upload time to cloud platforms, easing server load and enhancing network efficiency.
Comprehensive Analysis of Big Data Analytics Market
Big data analytics has spearheaded growth in the information & communication technology market, driving innovation and efficiency across sectors. These segmentations are segregated by component, enterprise type, application, and vertical. The component include Software, Hardware, and Services. The enterprise type segmentation include Large Enterprises and Small & Medium Enterprises (SMEs). The application segmentation include Data Discovery and Visualization, Advanced Analytics, and Others. In the vertical segmentation includes BFSI, Automotive, Telecom/Media, Healthcare, Life Sciences, Retail, Energy & Utility, Government, and Others.
North America dominated the revenue share because software adoption is extensive throughout industries in that region. The growth in demand in this area is a result of a growing number of companies using analytics tools critical for compliance analytics to spot frauds and policy violations quickly. Still, various industries have produced massive amounts of data because they invested a lot in the latest technologies such as ML, IoT and AI.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), SAS Institute Inc. (U.S.), Fair Isaac Corporation (U.S.), Oracle Corporation (U.S.), Salesforce Inc. (U.S.), Equifax, Inc. (U.S.), TransUnion (U.S.) and QlikTech International AB (U.S.)
In April 2022, Wipro partnered with DataRobot, an augmented intelligence firm, to enhance customer business impact through scalable augmented intelligence, facilitating the transition to AI-powered operations. This collaboration aims to expedite AI adoption and streamline the delivery of data-to-value for businesses efficiently.
Segmentation Table
Global Big Data Analytics Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 13.0% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Component, Enterprise Type, Application, Vertical, and Region
By Component Software
- Credit Risk Management
- Business Intelligence Solutions
- CRM Analytics
- Compliance Analytics
- Workforce Analytics
- Others (Content Analytics and Supply Chain Analytics)
Hardware
Services
By Enterprise Type Large Enterprises
Small & Medium Enterprises (SMEs)
By Application Data Discovery and Visualization (DDV)
Advanced Analytics (AA)
Others (Data Preparation)
By Vertical BFSI
Automotive
Telecom/Media
Healthcare
Life Sciences
Retail
Energy & Utility
Government
Others (Manufacturing and Education)
By Region North America (By Component, By Enterprise Type, By Application, By Vertical, and By Country)
- U.S. (B Vertical)
- Canada (By Vertical)
- Mexico (By Vertical)
South America (By Component, By Enterprise Type, By Application, By Vertical, and By Country)
- Brazil (By Vertical)
- Argentina (By Vertical)
- Rest of South America
Europe (By Component, By Enterprise Type, By Application, By Vertical, and By Country)
- U.K. (By Vertical)
- Germany (By Vertical)
- France (By Vertical)
- Italy (By Vertical))
- Spain (By Vertical)
- Russia (By Vertical)
- Benelux (By Vertical)
- Nordics (By Vertical)
- Rest of Europe
Middle East & Africa (By Component, By Enterprise Type, By Application, By Vertical, and By Country)
- Turkey (By Vertical)
- Israel (By Vertical)
- GCC (By Vertical)
- North Africa (By Vertical)
- South Africa (By Vertical)
- Rest of the Middle East & Africa
Asia Pacific (By Component, By Enterprise Type, By Application, By Vertical, and By Country)
- China (By Vertical)
- India (By Vertical)
- Japan (By Vertical)
- South Korea (By Vertical)
- ASEAN (By Vertical)
- Oceanic (By Vertical)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Big Data Analytics Key Players Market Share/Ranking, 2023
- 5. Global Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Software
- 5.2.1.1. Credit Risk Management
- 5.2.1.2. Business Intelligence Solutions
- 5.2.1.3. CRM Analytics
- 5.2.1.4. Compliance Analytics
- 5.2.1.5. Workforce Analytics
- 5.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 5.2.2. Hardware
- 5.2.3. Services
- 5.3. By Enterprise Type (USD)
- 5.3.1. Large Enterprises
- 5.3.2. Small & Medium Enterprises (SMEs)
- 5.4. By Application (USD)
- 5.4.1. Data Discovery and Visualization (DDV)
- 5.4.2. Advanced Analytics (AA)
- 5.4.3. Others (Data Preparation, etc.)
- 5.5. By Vertical (USD)
- 5.5.1. BFSI
- 5.5.2. Automotive
- 5.5.3. Telecom/Media
- 5.5.4. Healthcare
- 5.5.5. Life Sciences
- 5.5.6. Retail
- 5.5.7. Energy & Utility
- 5.5.8. Government
- 5.5.9. Others (Manufacturing, Education, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East and Africa
- 5.6.5. Asia Pacific
- 6. North America Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Software
- 6.2.1.1. Credit Risk Management
- 6.2.1.2. Business Intelligence Solutions
- 6.2.1.3. CRM Analytics
- 6.2.1.4. Compliance Analytics
- 6.2.1.5. Workforce Analytics
- 6.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 6.2.2. Hardware
- 6.2.3. Services
- 6.3. By Enterprise Type (USD)
- 6.3.1. Large Enterprises
- 6.3.2. Small & Medium Enterprises (SMEs)
- 6.4. By Application (USD)
- 6.4.1. Data Discovery and Visualization (DDV)
- 6.4.2. Advanced Analytics (AA)
- 6.4.3. Others (Data Preparation, etc.)
- 6.5. By Vertical (USD)
- 6.5.1. BFSI
- 6.5.2. Automotive
- 6.5.3. Telecom/Media
- 6.5.4. Healthcare
- 6.5.5. Life Sciences
- 6.5.6. Retail
- 6.5.7. Energy & Utility
- 6.5.8. Government
- 6.5.9. Others (Manufacturing, Education, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. Vertical
- 6.6.2. Canada
- 6.6.2.1. Vertical
- 6.6.3. Mexico
- 6.6.3.1. Vertical
- 7. South America Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Software
- 7.2.1.1. Credit Risk Management
- 7.2.1.2. Business Intelligence Solutions
- 7.2.1.3. CRM Analytics
- 7.2.1.4. Compliance Analytics
- 7.2.1.5. Workforce Analytics
- 7.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 7.2.2. Hardware
- 7.2.3. Services
- 7.3. By Enterprise Type (USD)
- 7.3.1. Large Enterprises
- 7.3.2. Small & Medium Enterprises (SMEs)
- 7.4. By Application (USD)
- 7.4.1. Data Discovery and Visualization (DDV)
- 7.4.2. Advanced Analytics (AA)
- 7.4.3. Others (Data Preparation, etc.)
- 7.5. By Vertical (USD)
- 7.5.1. BFSI
- 7.5.2. Automotive
- 7.5.3. Telecom/Media
- 7.5.4. Healthcare
- 7.5.5. Life Sciences
- 7.5.6. Retail
- 7.5.7. Energy & Utility
- 7.5.8. Government
- 7.5.9. Others (Manufacturing, Education, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.1.1. Vertical
- 7.6.2. Argentina
- 7.6.2.1. Vertical
- 7.6.3. Rest of South America
- 8. Europe Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Software
- 8.2.1.1. Credit Risk Management
- 8.2.1.2. Business Intelligence Solutions
- 8.2.1.3. CRM Analytics
- 8.2.1.4. Compliance Analytics
- 8.2.1.5. Workforce Analytics
- 8.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 8.2.2. Hardware
- 8.2.3. Services
- 8.3. By Enterprise Type (USD)
- 8.3.1. Large Enterprises
- 8.3.2. Small & Medium Enterprises (SMEs)
- 8.4. By Application (USD)
- 8.4.1. Data Discovery and Visualization (DDV)
- 8.4.2. Advanced Analytics (AA)
- 8.4.3. Others (Data Preparation, etc.)
- 8.5. By Vertical (USD)
- 8.5.1. BFSI
- 8.5.2. Automotive
- 8.5.3. Telecom/Media
- 8.5.4. Healthcare
- 8.5.5. Life Sciences
- 8.5.6. Retail
- 8.5.7. Energy & Utility
- 8.5.8. Government
- 8.5.9. Others (Manufacturing, Education, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.1.1. Vertical
- 8.6.2. Germany
- 8.6.2.1. Vertical
- 8.6.3. France
- 8.6.3.1. Vertical
- 8.6.4. Italy
- 8.6.4.1. Vertical
- 8.6.5. Spain
- 8.6.5.1. Vertical
- 8.6.6. Russia
- 8.6.6.1. Vertical
- 8.6.7. Benelux
- 8.6.7.1. Vertical
- 8.6.8. Nordics
- 8.6.8.1. Vertical
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Software
- 9.2.1.1. Credit Risk Management
- 9.2.1.2. Business Intelligence Solutions
- 9.2.1.3. CRM Analytics
- 9.2.1.4. Compliance Analytics
- 9.2.1.5. Workforce Analytics
- 9.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 9.2.2. Hardware
- 9.2.3. Services
- 9.3. By Enterprise Type (USD)
- 9.3.1. Large Enterprises
- 9.3.2. Small & Medium Enterprises (SMEs)
- 9.4. By Application (USD)
- 9.4.1. Data Discovery and Visualization (DDV)
- 9.4.2. Advanced Analytics (AA)
- 9.4.3. Others (Data Preparation, etc.)
- 9.5. By Vertical (USD)
- 9.5.1. BFSI
- 9.5.2. Automotive
- 9.5.3. Telecom/Media
- 9.5.4. Healthcare
- 9.5.5. Life Sciences
- 9.5.6. Retail
- 9.5.7. Energy & Utility
- 9.5.8. Government
- 9.5.9. Others (Manufacturing, Education, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. Vertical
- 9.6.2. Israel
- 9.6.2.1. Vertical
- 9.6.3. GCC
- 9.6.3.1. Vertical
- 9.6.4. North Africa
- 9.6.4.1. Vertical
- 9.6.5. South Africa
- 9.6.5.1. Vertical
- 9.6.6. Rest of Middle East & Africa
- 10. Asia Pacific Big Data Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Software
- 10.2.1.1. Credit Risk Management
- 10.2.1.2. Business Intelligence Solutions
- 10.2.1.3. CRM Analytics
- 10.2.1.4. Compliance Analytics
- 10.2.1.5. Workforce Analytics
- 10.2.1.6. Others (Content Analytics, Supply Chain Analytics, etc.)
- 10.2.2. Hardware
- 10.2.3. Services
- 10.3. By Enterprise Type (USD)
- 10.3.1. Large Enterprises
- 10.3.2. Small & Medium Enterprises (SMEs)
- 10.4. By Application (USD)
- 10.4.1. Data Discovery and Visualization (DDV)
- 10.4.2. Advanced Analytics (AA)
- 10.4.3. Others (Data Preparation, etc.)
- 10.5. By Vertical (USD)
- 10.5.1. BFSI
- 10.5.2. Automotive
- 10.5.3. Telecom/Media
- 10.5.4. Healthcare
- 10.5.5. Life Sciences
- 10.5.6. Retail
- 10.5.7. Energy & Utility
- 10.5.8. Government
- 10.5.9. Others (Manufacturing, Education, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.1.1. Vertical
- 10.6.2. India
- 10.6.2.1. Vertical
- 10.6.3. Japan
- 10.6.3.1. Vertical
- 10.6.4. South Korea
- 10.6.4.1. Vertical
- 10.6.5. ASEAN
- 10.6.5.1. Vertical
- 10.6.6. Oceania
- 10.6.6.1. Vertical
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. IBM Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. SAP SE
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Microsoft Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. SAS Institute Inc.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Fair Isaac Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Oracle Corporation
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Salesforce Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Equifax, Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. TransUnion
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. QlikTech International AB
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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