Global Big Data Services Market Growth (Status and Outlook) 2023-2029

Global Big Data Services Market Growth (Status and Outlook) 2023-2029

Big Data originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.

LPI (LP Information)' newest research report, the “Big Data Services Industry Forecast” looks at past sales and reviews total world Big Data Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Big Data Services sales for 2023 through 2029. With Big Data Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Big Data Services industry.

This Insight Report provides a comprehensive analysis of the global Big Data Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Big Data Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Big Data Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Big Data Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Big Data Services.

The global Big Data Services market size is projected to grow from US$ 35960 million in 2022 to US$ 98890 million in 2029; it is expected to grow at a CAGR of 15.6% from 2023 to 2029.

The latest trend gaining momentum in the market is increasing market consolidation. The consolidation in the global big data services market is increasing as many large enterprise computing vendors are acquiring companies to provide new big data technologies. Large vendors are targeting small companies to expand their business portfolios and are acquiring major pure-play big data vendors. One of the major drivers for this market is growing amount of data. The data volumes are exploding, and more data has been created since 2014 than in the entire previous history. It is estimated that by the year 2020, more than 1.5 megabytes (MB) of new information will be generated every second for every person across the world. Enterprise applications are generating large volumes of data and this will keep continuing throughout the forecast period and beyond. Large volumes of data are being generated from many sources such as the Internet, mobile devices, and social media.

This report presents a comprehensive overview, market shares, and growth opportunities of Big Data Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Public Cloud
Private Cloud
Hybrid Cloud

Segmentation by application
BFSI
Telecom
Retail
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Accenture
Deloitte
Hewlett-Packard (HP)
IBM
PricewaterhouseCoopers (PwC)
SAP
Teradata

Please note: The report will take approximately 2 business days to prepare and deliver.