The Big Data Technology Market size is estimated at USD 213.15 billion in 2024, and is expected to reach USD 341.93 billion by 2029, growing at a CAGR of 9.91% during the forecast period (2024-2029).
The market is concentrated, with significant legacy players dominating the market, like IBM, Microsoft, and SAP. Since companies are concerned about the privacy and management of their employee/customer data, they trust established vendors more than new entrants.
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