The Global Big Data And Analytics Market Report by The Business Research Company covers big data and analytics market drivers and restraints, big data and analytics market size, major players, and the impact of COVID-19 on the big data and analytics market.

The big data and analytics market consists of sales of big data and analytics software by entities (organizations, sole traders and partnerships) that develop such software used for applications such as data mining and predictive modeling. The sales consist of revenues generated by establishments that are primarily engaged in the development of software for big data and analytics, key brands include Hadoop, Tableau, and Qubole. Only goods and services traded between entities or sold to end consumers are included.

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 big data and analytics market is then expected to grow at a CAGR of 13.2% from 2025 and reach $252,361.3 million in 2030.

The big data and analytics market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply and law and order. Big data has various applications including transport, public safety, city budgets, and more. Smart cities also use predictive big data analytics to identify which areas are prone to be hubs of crime and predict the exact crime locations.

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Some big data and analytics market trends include rising demand for artificial intelligence to build big data and need for strong analytics solutions. Moreover, companies in the big data and analytics market should focus on offering big data as a service to clients in order to drive business growth for a viable advantage. BDaas refers to a class of platforms and managed toolsets which manage a vast amount of data that is being stored, analyzed, processed, and created in cloud-based systems. The service allows to pay-as-you-go and eradicates the need for building a data center, developing an analytics toolset stack, and investing in a team of trained data scientists, which is a costly and time-consuming project for any enterprise.

Global big data and analytics market segments include:

1) By Analytics Tools- Dashboard & Data Visualization, Self-Service Tools, Data Mining & Warehousing, Reporting, Other Analytics Tools

2) By Deployment Mode – On-Premise, Cloud

3) By End Use Industry – BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, Other End-Use Industries

4) By Application – Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk & Credit Analytics, Transportation Analytics, Other Applications

5) By Geography – The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Big Data And Analytics Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides big data and analytics market overviews, analyzes and forecasts market size, share, big data and analytics market players, big data and analytics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The big data and analytics identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Big Data And Analytics Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Microsoft, Oracle Corporation, SAP SE, IBM Corporation, Salesforce

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Big Data And Analytics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Big Data And Analytics Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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