About Big Data Platform
The global Big Data Platform market expected to witness high demand in the forecasted period due to rising demand for data storage due to CORONA virus crises coupled with increasing the number of work from home users. The big data platform is a type of IT solution that combines the features and capabilities of several big data applications and utilities within a single solution. As the virus continues to intensify with new cases coming out every day, nations affected with coronavirus are also taking major steps to address this by using advanced technologies. According to the World Health Organization (WHO), AI and big data is playing a significant role to control the coronavirus or COVID-19 pandemic. By actively pursuing these strategies, the Big Data Platform market can overcome challenges, address evolving needs, and unlock its full potential for growth, revolutionizing how businesses extract insights and value from their data.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
The key players including Amazon Web Services, Google Cloud, and others have recently offered researchers free access to open datasets and analytics tools to help them develop COVID-19 solutions faster. Google Cloud is offering researchers free access to critical coronavirus information through its COVID-19 Public Dataset Program, which will help accelerate analytics solutions during the global pandemic. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Big Data Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft (United States), Teradata (United States), IBM (United States), Oracle (United States), SAS Institute (United States), Google (United States), Adobe (United States), AWS (United States), SAP (Germany), Salesforce (United States) and HPE (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Talend (United States), Qlik (United States), TIBCO Software (United States), Alteryx (United States), Sisense (United States), Informatica (United States), Cloudera (United States), Splunk (United States), Palantir Technologies (United States), 1010data (United States), Hitachi Vantara (United States), Fusionex (Malaysia), Information Builders (United States), Micro Focus (United Kingdom), MicroStrategy (United States), ThoughtSpot (United States) and Yellowfin (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Big Data Platform market by and Region.
On the basis of geography, the market of Big Data Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services and Insurance (BFSI) will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Finance will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Data Connectivity Through Hybrid and Multi-Cloud Environments and Incorporation of Digital Transformation in Top-Level Strategies
Market Growth Drivers:
Plummeting Technology Costs and Development of Open Source Big Data Software Frameworks
Challenges:
Disconnect Between Consumers and Businesses Giving Rise to Privacy and Security Concerns
Restraints:
The Dearth of the Skilled Workforce as well as Complexity in Insights Extraction
Opportunities:
The Emergence of Artificial intelligence, IoT, and Blockchain With Big Data and Strengthening Regulatory Landscape for Data Protection
Market Leaders and their expansionary development strategies
In October 2023, Microsoft and Databricks: Expanded their strategic partnership, with Databricks' Lakehouse platform now fully integrated with Azure cloud services. This collaboration offers seamless Big Data capabilities for Azure users and strengthens Microsoft's position in the cloud-based Big Data market.
In October 2023, Microsoft Azure Synapse Analytics announced a major update featuring enhanced performance, new analytical capabilities, and deeper integration with other Azure services. This upgrade aims to solidify Azure Synapse as a leading contender in the cloud-based big data platform space.
Key Target Audience
Big Data Platform Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.