About Big Data Services
The augmenting requirement for ensuring the high data quality and creating a channelized data flow in enterprises has fueled the need for technologically advanced big data solutions will help to boost global big data service market in the forecasted period. Big data termed as a broader interpretation for large or complicated data sets that cannot be processed by traditional applications. The big data service is beneficial for capturing, analysis, curation, transfer, data privacy. Additionally, predictive analytics backed by big data plays an important role in performing risk analysis. Keeping critical information safe, developing fresh revenue streams and low maintenance cost are some of the many benefits offered by big data. Moreover, the expansion of big data analytics, covering data from intelligent systems such as smart meters, in-vehicle infotainment, sensors, etc. further boosts the big global big data service market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 23.41% |
Leading IT brands are busy launching big data as a service market solutions and generating clients in the same month itself. They are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Big Data Services 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.
IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Hewlett-Packard Company (United States), SAS Institute (United States), Accenture PLC (Ireland), Information Builders Inc. (United States), Google LLC (United States) and Amazon Web Services Inc. (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 Alteryx Ltd (United States), Wipro Ltd (India), Opera Solutions LLC (United States), Guavus Inc. (Thales) (France) and MapR Technologies Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Big Data Services market by and Region.
On the basis of geography, the market of Big Data Services 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 2023. 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. On-premise will boost the Big Data Services 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. Small and Medium Size Enterprises will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. JAVA will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution Type, the sub-segment i.e. Hadoop-as-a-Service (HDaaS) will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. IT and Telecommunication will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fueling Need Have Structured Data for Analysis and Huge Demand for Data Science and Predictive Analysis
Market Growth Drivers:
Rising Demand for Increasing Organization Efficiency and Increase in Data Volume Generated And Growing Adoption Of Cloud
Challenges:
Rising Concern Associated with Privacy
Restraints:
Data Security Concern Related With Big Data Services and The Inability of Service Providers to Provide Real-Time Insights
Opportunities:
Huge Demand across Different Business Vertical and Investment Made By Prominent Market Player and The Proliferation of Several Real-Time Information from Sources
Market Leaders and their expansionary development strategies
In August 2022, Cloudera, a hybrid data startup, announced the release of Cloudera Data Platform (CDP) One. CDP One is a software-as-a-service (SaaS) product that provides quick and simple self-service analytics and exploratory data science on any type of data.
In November 2022, Wipro Ltd. launched the Wipro Data Intelligence Suite, a one-stop shop for accelerating cloud modernization and data monetization. The suite is designed to upgrade data estates, including data stores, pipelines, and visualizations, that run on Amazon Web Services (AWS).
Key Target Audience
Technology Provides, Government Regulatory Bodies, Government and Private 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.