Big Data Market to grow at a CAGR of 20.21% from 2022 to 2027 | Accenture Plc, Alphabet Inc., Amazon.com Inc., and more to emerge as key players -Technavio.

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Jul 13, 2023, 05:15 ET

NEW YORK, July 13, 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 according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - 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, SAS Institute Inc., ScienceSoft USA Corp., SingleStore Inc., Splunk Inc., Teradata Corp., and TIBCO Software Inc. Download Sample Report in minutes.

Technavio has announced its latest market research report titled Global Big Data Market

Big Data Market Insights -

Vendors: 15+, Including 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, SAS Institute Inc., ScienceSoft USA Corp., SingleStore Inc., Splunk Inc., Teradata Corp., and TIBCO Software Inc. among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: deployment (on-premises, cloud-based, and hybrid), type (services and software), and geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Key Drivers- The increasing data generation will be a key factor driving market growth. The growing volume of data is driven by the expansion of the ecosystem of interconnected computing devices, objects, and machines. Furthermore, many companies are making investments in factory automation, incorporating sensors to automate processes and generate a wealth of data from various operations. For Instance, US DOE introduced two initiatives, HPC4Mobility and big data solutions for Mobility, which will cost around USD 2 million and will focus on developing big data tools and new algorithms. The adoption of Industry 4.0 principles will significantly increase the volume of data generated, thereby driving the adoption of big data software. In addition, it will also increase the investment in big data analytics. Hence, high data generated is expected to drive market growth during the forecast period.

Major Trends- The adoption of blockchain solutions through big data implementation is a major trend in the market.

Significant Challenges- The cost factor and the lack of awareness about the benefits of big data analytics are significant challenges restricting market growth.

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The big data market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers, limitations, and future prospects.

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What are the key data covered in this Big Data Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the big data market between 2023 and 2027.
Precise estimation of the size of the big data market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the big data market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of big data market vendors

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Big Data Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 20.21%
Market growth 2023-2027	USD 397.04 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	17.76
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 48%
Key countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	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, SAS Institute Inc., ScienceSoft USA Corp., SingleStore Inc., Splunk Inc., Teradata Corp., and TIBCO Software Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 50 countries. Their client base comprises enterprises of all sizes, including over 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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