MarkNtel Advisors recently published a detailed industry analysis of the Global Big Data Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Big Data Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Big Data Market is expected to grow at a CAGR of around 14.7% during the forecast period, i.e., 2023-28.

What are the major Driver the Global Big Data industry?

Increasing Procurement of Databases across Industries - With the rapidly widening IT sector and the use of advanced technologies in diverse industries, database generation is booming globally. The scalability of digital solutions, across business sectors such as banking, retail, healthcare, agriculture, BFSI, and telecom/media, among others, worldwide are significantly increasing data, which in turn, is cultivating noteworthy changes in services. Hence, the use of bug data solutions is increasing and driving the market globally.

For instance, the use of these solutions in the agricultural sector offers perks like better risk management, and precision farming, backed by the use of smart machines, soil sensors, and GPS-equipped tractors, among others, which generate a massive volume of data sets. Farmers use this generated information to study advanced risk assessment, natural trends, ideal crops, supply tracks, and more, in agriculture.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Access the detailed PDF Sample report –

https://www.marknteladvisors.com/query/request-sample/big-data-market.html

What segments define the Global Big Data market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

  • By Component
    • Software
      • Credit Risk Management
      • Business Intelligence Solutions
      • CRM Analytics
      • Compliance Analytics
      • Workforce Analytics
      • Others (Content Analytics, Supply Chain Analytics, and Others)
    • Hardware
    • Services

According to report, Of these three, software dominates the Global Big Data Market with the largest share and the same trend is likely during 2023-28.

  • By Deployment
    • Cloud
    • On-premises
    • Hybrid

According to report, Here, on-premise deployment of big data solutions holds a prominent share of the market. 

  • By Business Function
    • Marketing and Sales
    • Finance
    • Human Resource
    • Operations
  • By Organization Size
    • Large enterprises
    • Small and medium-sized enterprises (SMEs)
  • By End User
    • BFSI
    • Retail
    • Healthcare
    • Advertising & Media
    • Manufacturing
    • Automotive and Transportation
    • Others (IT/ITES, Telecommunication, etc.)

According to report, Among all, the BFSI sector is expected to generate the highest revenue and dominate the Big Data Market with the maximum share during the forecast period.

Explore the Complete Global Big Data Market Analysis Report –

https://www.marknteladvisors.com/research-library/big-data-market.html

Geographical Analysis: Global Big Data Market

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

Global Big Data Market Share & Competitive Landscape:

The Big Data Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Global Big Data Market are:

  • Fair Isaac Corporation
  • Accenture PLC
  • Cloudera Inc.
  • Teradata Corporation
  • Microsoft Corporation
  • Splunk Inc.
  • Amazon Web Services
  • Cisco Systems Inc.
  • Tableau Software
  • SAP SE
  • Hitachi Ltd.
  • Oracle Corporation
  • Dell Technologies
  • IBM Corporation

Recent Developments in the Global Big Data Market

  • In January 2023, Oracle updated its Oracle Analytics Cloud to allow users to view & manage usage & diagnostic logs in the Oracle Cloud Infrastructure Logging Service. Also, the company improved the Home page navigation by redesigning it & making it more customizable.
  • In March 2022, Microsoft launched Azure Health Data Services to unify health data, power AI in the cloud, and exclusively support PHI (Protected Health Information). This PaaS (Platform as a Service) offering is specifically designed to support both analytical & transactional workloads from the same data store and allow cloud computing to transform how AI is developed & delivered across the healthcare ecosystem.
  • In December 2021, Microsoft rolled out the Soft delete for blobs capability for Azure Data Lake Storage, which protects files & directories from accidental deletes by retaining the deleted data in the system for a specified time.

Questions Addressed in this Study

1.What factors are driving the Global Big Data Market growth?

2.How is the Global Big Data Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Global Big Data Market?

4.What is the current size of the Global Big Data Market, and how is it projected to change in the future?

6.What is the future outlook for the Global Big Data Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here –

https://www.marknteladvisors.com/query/request-customization/big-data-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 |  +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India