Big Data Market to grow by USD 397.04 billion from 2022 to 2027, Growing data generation to be a key driver for market growth - Technavio

NEW YORK, March 1, 2023 /PRNewswire/ -- The big data market is estimated to grow at a CAGR of 20.21% between 2022 and 2027. The size of the market is forecast to increase by USD 397.04 billion. The increasing data generation is expected to be a key driver for the global big data market. This is due to the rapid growth in ecosystems of interrelated devices and machines, which don't need human intervention. Many companies are increasingly investing in factory automation, where sensors are integrated to automate processes. Factors like these are expected to drive growth in the global market. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) Request a Sample Report.

Big Data Market - Challenges

The lack of awareness about the benefits of big data analytics among many companies is a major challenge to vendors in the global market. Enterprises must adopt the latest technologies and gain knowledge to stay ahead of the competition by making use of all the available resources. This along with the cost factor of installing, maintaining, and training employees on its usage is a key challenge for enterprises. Enterprises must invest a lot of capital to manage the heavy volumes of data. Factors like these may impede the growth of the market during the forecast period.

To learn more about the market dynamics in the big data market, historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a Sample Report

Big Data Market - Vendor Analysis

The global big data market is fragmented with the presence of various vendors. Accenture Plc, Alphabet Inc., Amazon.com Inc., Cloudera Inc., Datameer Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Mu Sigma, Oracle Corp., SAP SE, AS Institute Inc., ScienceSoft USA Corp., SingleStore Inc., Splunk Inc., Teradata Corp., TIBCO Software Inc., are some of the major players in the market.

Vendor Offerings

• Accenture Co. – The company offers big data for data-led transformation.
• Amazon Co. – The company offers big data services through its subsidiary Amazon Web Services.
• Hewlett Packard Enterprise Co. – The company offers big data analytic solutions through its subsidiary Determined AI.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Technavio's report extensively covers market segmentation by deployment (on-premise, cloud-based, and hybrid), type (services and software), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

 For additional insights into the contribution of all the segments and regional opportunities,historic (2017 to 2021), and forecast market size (2023 to 2027)  - View our sample report

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Related Reports:

The big data security market size should rise by USD 20.19 billion from 2022 to 2026 at a CAGR of 15.06%. The stringent regulations regarding data protection are notably driving the big data security market growth.

The big data spending market size in the healthcare sector is expected to increase by USD 8.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.21%. The need to improve business efficiency is one of the key drivers supporting the big data spending market growth in the healthcare sector.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global big data market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global big data market 2017 - 2021 ($ billion)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.4 Cloud-based - Market size and forecast 2022-2027
• Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.5 Hybrid - Market size and forecast 2022-2027
• Exhibit 42: Chart on Hybrid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Hybrid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Hybrid - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hybrid - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Deployment 
• Exhibit 46: Market opportunity by Deployment ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Services - Market size and forecast 2022-2027
• Exhibit 51: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027
• Exhibit 55: Chart on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Accenture Plc 
• Exhibit 112: Accenture Plc - Overview
• Exhibit 113: Accenture Plc - Business segments
• Exhibit 114: Accenture Plc - Key news
• Exhibit 115: Accenture Plc - Key offerings
• Exhibit 116: Accenture Plc - Segment focus

• 12.4 Alphabet Inc. 
• Exhibit 117: Alphabet Inc. - Overview
• Exhibit 118: Alphabet Inc. - Business segments
• Exhibit 119: Alphabet Inc. - Key news
• Exhibit 120: Alphabet Inc. - Key offerings
• Exhibit 121: Alphabet Inc. - Segment focus

• 12.5 Amazon.com Inc. 
• Exhibit 122: Amazon.com Inc. - Overview
• Exhibit 123: Amazon.com Inc. - Business segments
• Exhibit 124: Amazon.com Inc. - Key news
• Exhibit 125: Amazon.com Inc. - Key offerings
• Exhibit 126: Amazon.com Inc. - Segment focus

• 12.6 Dell Technologies Inc. 
• Exhibit 127: Dell Technologies Inc. - Overview
• Exhibit 128: Dell Technologies Inc. - Business segments
• Exhibit 129: Dell Technologies Inc. - Key news
• Exhibit 130: Dell Technologies Inc. - Key offerings
• Exhibit 131: Dell Technologies Inc. - Segment focus

• 12.7 Hewlett Packard Enterprise Co. 
• Exhibit 132: Hewlett Packard Enterprise Co. - Overview
• Exhibit 133: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 134: Hewlett Packard Enterprise Co. - Key news
• Exhibit 135: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 136: Hewlett Packard Enterprise Co. - Segment focus

• 12.8 Intel Corp. 
• Exhibit 137: Intel Corp. - Overview
• Exhibit 138: Intel Corp. - Business segments
• Exhibit 139: Intel Corp. - Key news
• Exhibit 140: Intel Corp. - Key offerings
• Exhibit 141: Intel Corp. - Segment focus

• 12.9 International Business Machines Corp. 
• Exhibit 142: International Business Machines Corp. - Overview
• Exhibit 143: International Business Machines Corp. - Business segments
• Exhibit 144: International Business Machines Corp. - Key offerings
• Exhibit 145: International Business Machines Corp. - Segment focus

• 12.10 Microsoft Corp. 
• Exhibit 146: Microsoft Corp. - Overview
• Exhibit 147: Microsoft Corp. - Business segments
• Exhibit 148: Microsoft Corp. - Key news
• Exhibit 149: Microsoft Corp. - Key offerings
• Exhibit 150: Microsoft Corp. - Segment focus

• 12.11 MicroStrategy Inc. 
• Exhibit 151: MicroStrategy Inc. - Overview
• Exhibit 152: MicroStrategy Inc. - Product / Service
• Exhibit 153: MicroStrategy Inc. - Key offerings

• 12.12 Mu Sigma 
• Exhibit 154: Mu Sigma - Overview
• Exhibit 155: Mu Sigma - Product / Service
• Exhibit 156: Mu Sigma - Key offerings

• 12.13 Oracle Corp. 
• Exhibit 157: Oracle Corp. - Overview
• Exhibit 158: Oracle Corp. - Business segments
• Exhibit 159: Oracle Corp. - Key news
• Exhibit 160: Oracle Corp. - Key offerings
• Exhibit 161: Oracle Corp. - Segment focus

• 12.14 SAP SE 
• Exhibit 162: SAP SE - Overview
• Exhibit 163: SAP SE - Business segments
• Exhibit 164: SAP SE - Key news
• Exhibit 165: SAP SE - Key offerings
• Exhibit 166: SAP SE - Segment focus

• 12.15 SAS Institute Inc. 
• Exhibit 167: SAS Institute Inc. - Overview
• Exhibit 168: SAS Institute Inc. - Product / Service
• Exhibit 169: SAS Institute Inc. - Key news
• Exhibit 170: SAS Institute Inc. - Key offerings

• 12.16 SingleStore Inc. 
• Exhibit 171: SingleStore Inc. - Overview
• Exhibit 172: SingleStore Inc. - Product / Service
• Exhibit 173: SingleStore Inc. - Key offerings

• 12.17 Splunk Inc. 
• Exhibit 174: Splunk Inc. - Overview
• Exhibit 175: Splunk Inc. - Product / Service
• Exhibit 176: Splunk Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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