DUBLIN--(BUSINESS WIRE)--The "Big Data - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Big Data Market to Reach $243.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Big Data estimated at US$70.5 Billion in the year 2020, is projected to reach a revised size of US$243.4 Billion by 2027, growing at a CAGR of 19.4% over the analysis period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record a 21.6% CAGR and reach US$148.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 15.1% CAGR for the next 7-year period.
The U. S. Market is Estimated at $21 Billion, While China is Forecast to Grow at 18.9% CAGR
The Big Data market in the U. S. is estimated at US$21 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.4 Billion by the year 2027 trailing a CAGR of 18.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.
Services Segment to Record 17.8% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 17.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.8 Billion in the year 2020 will reach a projected size of US$40.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$28 Billion by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Age of Analytics Provides the Cornerstone for the Disruptive Growth & Proliferation of Big Data Technologies
- Recent Market Activity
- The Big Data Era is Here & Why it Matters for Companies & Institutions in the Modern World
- The Rise of M2M and IoT & the Ensuing Deluge of Connected Devices Catalyzes Big Data Creation
- How Big Data Analytics Play an Instrumental Role in Driving the Success & Real World Commercial Benefits of IoT
- Increased Consumption of Digital Media & the Resulting Rise of Personal Data in the Consumer Market Wields a Multiplier Effect on Big Data
- With the Explosion of Personal Information, the Next Frontier for Big Data is the Individual
- The Coming Together of Business Intelligence & Big Data Pushes Up the Commercial Value of Big Data Technologies in the Enterprise Sector
- With EIoT Emerging to be a Core Part of the Connected Enterprise Market, the Need to Integrate Big Data & BI Becomes More Urgent
- Are Hadoop & Spark, the Two Largest Big Data Framework, in Direct Competition with Each Other? A Review
- Big Data Storage Moves to the "Shared Nothing" Environment
- Prescriptive Analytics' Ability to Utilize Hybrid Data Makes the Technology Invaluable to Big Data Projects
- The Strategy of Deploying Big Data Analytics in the Cloud Gathers Momentum
- Big-Data-as-a-Service Emerges as a Good Fit for Modern Cloud Ready Enterprises
- Market Outlook
- Global Competitor Market Shares
- Big Data Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
- 1010data, Inc. (USA)
- Accenture plc (Ireland)
- Actian (USA)
- Amazon Web Services, Inc. (USA)
- Cazena, Inc. (USA)
- Cloudera, Inc. (USA)
- Datameer, Inc. (USA)
- Dell EMC (USA)
- Fujitsu (Japan)
- Google Inc. (USA)
- Guavus, Inc. (USA)
- Hewlett Packard (USA)
- Hortonworks, Inc. (USA)
- International Business Machines (IBM) (USA)
- MapR Technologies, Inc. (USA)
- Microsoft Corporation (USA)
- Oracle Corporation (USA)
- Palantir Technologies (USA)
- Ryft Systems, Inc. (USA)
- SAP SE (Germany)
- Splunk, Inc. (USA)
- Teradata Corporation (USA)
3. MARKET TRENDS & DRIVERS
- Continuous Development of Big Data Analytics to Benefit Market Growth
- Hadoop: The Most Well Renowned, Trusted & Popular Big Data Crunching Tool
- Edge Analytics: Vital for Processing IoT Generated Big Data
- Driven by the Omnipresence of Big Data, NoSQL Implementations Overtake Traditional Relational Database Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 87
For more information about this report visit https://www.researchandmarkets.com/r/urka6y
