Global Big Data and Analytics Services Market Size, Drivers, Trends, Opportunities And Strategies – Includes Big Data and Analytics Services Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing growth of integration of internet of things in daily lives are expected to drive innovation in big data and analytics services manufacturing, thus driving the market during the forecast period.
The global big data and analytics services market is expected to grow from $121.65 billion in 2022 to $137.23 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The global big data and analytics services market size is expected to grow to $221.44 billion in 2027 at a CAGR of 12.7%.
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- By Deployment Mode:On-Premise, Cloud, Other Deployment Mode
- By Application:Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk & Credit Analytics, Transportation Analytics., Other Applications
- By Vertical:Transportation And Logistics, BFSI, Travel And Hopitality, Healthcare And Life Sciences, Manufacturing, Other Verticals
- By Organization Size:Small and Medium-sized Enterprises (SMEs), Large Enterprises
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global big data and analytics services market in 2021.
Major Market Players in the big data and analytics services market include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, TIBCO Software Inc., Teradata Corporation.
The continuous intelligence is a key trend in the big data and analytics services market. Continuous intelligence is a device that has combined real-time analytics with business operations, it makes use of historical and current knowledge to improve decision-making or to help make decisions. It leverages a variety of technologies such as optimization, business rule management, event stream processing, augmented analytics, and machine learning. Many companies leveraged continuous intelligence to achieve (or retain) a competitive advantage throughout 2020. Also, Gartner expects that by 2022 more than 50 per cent of the modern business structure will use continuous intelligence that uses real-time context data to improve decisions.
The Big Data and Analytics Services Global Market Report 2023 provides a big data and analytics services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The big data and analytics services market forecast analyzes big data and analytics services market size, big data and analytics services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Big data and analytics is the use of certain advanced analytics techniques on big data or very large datasets to generate business insights. It begins with data collection with predefined templates and forms, followed by data maintenance, data processing, and data analysis.
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