Big data services market size to grow by USD 153.75 billion between 2022-2027; North America will account for 36% of market growth - Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The "Big Data Services Market by Component, End-user, and Geography - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the big data services market between 2022 and 2027 is USD 153.75 billion, and the growth momentum will be accelerating at a CAGR of 35.68% during the forecast period. Get highlights on the yearly growth variance and the Y-O-Y growth rate, Download a Sample Report

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Segmentation Analysis:

The market is segmented by component (solution and services), end-user (BFSI, telecom, retail, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

By component, the market will observe significant growth in the solution segment. Growing competition and the need to understand consumer behavior across numerous channels are increasing the use of big data and big data analytics solutions among businesses. This is one of the key factors driving the growth of the segment.

North America will account for 36% of the market growth during the forecast period. Factors such as the increase in data generation across various industries, such as retail, BFSI, healthcare, and public sectors and surging investments in digital technologies, such as big data analytics, mobility, cloud, and social media are driving the growth of the big data services market in North America.

Identify potential segments, historic & forecast 2017 to 2021, 2022 to 2027 – Download a Sample Report

Key Market Dynamics:

• Market Driver – The market is driven by the growing amount of data. The amount of data being generated across industries has increased significantly in the last decade. The growth in the volume of data is increasing the difficulties in analyzing and managing large databases efficiently. With the use of big data and data analytics, large amounts of data can be analyzed, and convert the insights generated into real-time actions. These solutions also help business to transform unstructured and semi-structured data into structured and meaningful data. Such benefits are increasing the demand for big data and data analytics solutions among businesses, which is driving the growth of the market.
• Market Challenges – The need to adhere to diverse client requirements is a key challenge in the market. Many organizations lack policies or do not have a proper framework to store all the generated data. This is leading to difficulties in the efficient performance of big data, which is also affecting the penetration of big data services. Besides, big data service providers need to continuously develop and offer advanced solutions to meet evolving end-user requirements. This makes the process highly complex and cost-consuming as it involves high degrees of uncertainty. Also, the lack of understanding of the requirements of end-users results in the loss of time and money. Such challenges are hindering the growth of the market in focus.

Learn about additional key drivers, trends, and challenges available with historic & forecast 2017 to 2021, 2022 to 2027  - 

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Key Companies Covered

• Accenture Plc
• Alphabet Inc.
• Alteryx Inc.
• Amazon.com Inc.
• Cloudera Inc.
• Datameer Inc.
• Dell Technologies Inc.
• Deloitte Touche Tohmatsu Ltd.
• Enthought Inc.
• Hewlett Packard Enterprise Co.
• Hitachi Vantara LLC
• International Business Machines Corp.
• IRI
• Microsoft Corp.
• Oracle Corp.
• PricewaterhouseCoopers LLP
• Qubole Inc.
• Salesforce.com Inc.
• SAP SE
• SAS Institute Inc.
• Teradata Corp.
• Gain access to more vendor profiles with their key offerings available with Technavio, Buy the Report

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Related Reports:

• The data acquisition system market is estimated to grow at a CAGR of 5.6% between 2022 and 2027. The size of the market is forecast to increase by USD 560.39 million. The increasing demand for monitoring in end-user industries is notably driving the market growth, although factors such as data acquisition system complexity and CAPEX costs may impede the market growth.
• 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. The increasing data generation is notably driving the market growth, although factors such as the cost factor and the lack of awareness about the benefits of big data analytics may impede the market growth.

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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 Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• 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 services market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global big data services market 2017 - 2021 ($ billion)

• 4.2 Component Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user 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 Component

• 6.1 Market segments 
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solution - Market size and forecast 2022-2027
• Exhibit 34: Chart on Solution - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Solution - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Solution - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solution - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 BFSI - Market size and forecast 2022-2027
• Exhibit 47: Chart on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 7.4 Telecom - Market size and forecast 2022-2027
• Exhibit 51: Chart on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Telecom - Year-over-year growth 2022-2027 (%)

• 7.5 Retail - Market size and forecast 2022-2027
• Exhibit 55: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 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 (%)

• 9.10 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 (%)

• 9.11 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 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: 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 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Accenture Plc 
• Exhibit 116: Accenture Plc - Overview
• Exhibit 117: Accenture Plc - Business segments
• Exhibit 118: Accenture Plc - Key news
• Exhibit 119: Accenture Plc - Key offerings
• Exhibit 120: Accenture Plc - Segment focus

• 12.4 Alphabet Inc. 
• Exhibit 121: Alphabet Inc. - Overview
• Exhibit 122: Alphabet Inc. - Business segments
• Exhibit 123: Alphabet Inc. - Key news
• Exhibit 124: Alphabet Inc. - Key offerings
• Exhibit 125: Alphabet Inc. - Segment focus

• 12.5 Alteryx Inc. 
• Exhibit 126: Alteryx Inc. - Overview
• Exhibit 127: Alteryx Inc. - Product / Service
• Exhibit 128: Alteryx Inc. - Key news
• Exhibit 129: Alteryx Inc. - Key offerings

• 12.6 Amazon.com Inc. 
• Exhibit 130: Amazon.com Inc. - Overview
• Exhibit 131: Amazon.com Inc. - Business segments
• Exhibit 132: Amazon.com Inc. - Key news
• Exhibit 133: Amazon.com Inc. - Key offerings
• Exhibit 134: Amazon.com Inc. - Segment focus

• 12.7 Cloudera Inc. 
• Exhibit 135: Cloudera Inc. - Overview
• Exhibit 136: Cloudera Inc. - Business segments
• Exhibit 137: Cloudera Inc. - Key offerings
• Exhibit 138: Cloudera Inc. - Segment focus

• 12.8 Dell Technologies Inc. 
• Exhibit 139: Dell Technologies Inc. - Overview
• Exhibit 140: Dell Technologies Inc. - Business segments
• Exhibit 141: Dell Technologies Inc. - Key news
• Exhibit 142: Dell Technologies Inc. - Key offerings
• Exhibit 143: Dell Technologies Inc. - Segment focus

• 12.9 Hewlett Packard Enterprise Co. 
• Exhibit 144: Hewlett Packard Enterprise Co. - Overview
• Exhibit 145: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 146: Hewlett Packard Enterprise Co. - Key news
• Exhibit 147: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 148: Hewlett Packard Enterprise Co. - Segment focus

• 12.10 International Business Machines Corp.
• Exhibit 149: International Business Machines Corp. - Overview
• Exhibit 150: International Business Machines Corp. - Business segments
• Exhibit 151: International Business Machines Corp. - Key news
• Exhibit 152: International Business Machines Corp. - Key offerings
• Exhibit 153: International Business Machines Corp. - Segment focus

• 12.11 Microsoft Corp. 
• Exhibit 154: Microsoft Corp. - Overview
• Exhibit 155: Microsoft Corp. - Business segments
• Exhibit 156: Microsoft Corp. - Key news
• Exhibit 157: Microsoft Corp. - Key offerings
• Exhibit 158: Microsoft Corp. - Segment focus

• 12.12 Oracle Corp. 
• Exhibit 159: Oracle Corp. - Overview
• Exhibit 160: Oracle Corp. - Business segments
• Exhibit 161: Oracle Corp. - Key news
• Exhibit 162: Oracle Corp. - Key offerings
• Exhibit 163: Oracle Corp. - Segment focus

• 12.13 Qubole Inc. 
• Exhibit 164: Qubole Inc. - Overview
• Exhibit 165: Qubole Inc. - Product / Service
• Exhibit 166: Qubole Inc. - Key offerings

• 12.14 Salesforce.com Inc. 
• Exhibit 167: Salesforce.com Inc. - Overview
• Exhibit 168: Salesforce.com Inc. - Product / Service
• Exhibit 169: Salesforce.com Inc. - Key news
• Exhibit 170: Salesforce.com Inc. - Key offerings

• 12.15 SAP SE 
• Exhibit 171: SAP SE - Overview
• Exhibit 172: SAP SE - Business segments
• Exhibit 173: SAP SE - Key news
• Exhibit 174: SAP SE - Key offerings
• Exhibit 175: SAP SE - Segment focus

• 12.16 SAS Institute Inc. 
• Exhibit 176: SAS Institute Inc. - Overview
• Exhibit 177: SAS Institute Inc. - Product / Service
• Exhibit 178: SAS Institute Inc. - Key news
• Exhibit 179: SAS Institute Inc. - Key offerings

• 12.17 Teradata Corp. 
• Exhibit 180: Teradata Corp. - Overview
• Exhibit 181: Teradata Corp. - Business segments
• Exhibit 182: Teradata Corp. - Key offerings
• Exhibit 183: Teradata Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

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