Big Data Market Size and Share | Forecast

The Global Big Data Market Size accounted for USD 163.5 Billion in 2021 and is projected to occupy a market size of USD 473.6 Billion by 2030 growing at a CAGR of 12.7% from 2022 to 2030.

Big data is primarily intended to analyze, process, and extract information from massive amounts of data and extremely complex structures. Big data analytics are widely associated with many other massively augmented technologies such as artificial intelligence (AI), deep learning, machine learning, and the Internet of Things (IoT) among the larger concepts of rage in technology. The rising adoption of big data analytics across a range of industries is a key factor that is driving market growth. This technology is gaining much-needed popularity because it aids in the collection and analysis of massive amounts of data that businesses and governments deal with on a daily basis.

Big Data Market Report Statistics

Global big data market revenue is projected to reach USD 473.6 Billion by 2030 with a CAGR of 12.7% from 2022 to 2030
As per current predictions, the world is expected to generate 181 zettabytes of data by 2025
As per recent statistics, 2.5 quintillion bytes of data is created daily by internet users globally
North America big data market share generated over US$ 57.2 billion in revenue in 2021
Asia-Pacific big data market growth will record CAGR of around 14% from 2022 to 2030
Based on component, the services sub-segment achieved 46% shares in 2021
Among industry vertical, the BFSI sub-segment occupied 18% shares in 2021
Growing adoption of IoT and Hadoop is a prominent big data market trend that drives the industry demand

Global Big Data Market Dynamics

Market Drivers

Exponential rise in data volume
Growing application of cloud computing
Implementation of digital transformation across industries
Rising penetration of internet and smartphones

Market Restraints

Growing security and privacy issues
High implementation cost and shortage of data analysts

Market Opportunities

Rising adoption of edge computing
Increasing government investments to improve digital technologies

Big Data Market Report Coverage

Market	Big Data Market
Big Data MarketSize 2021	USD 163.5 Billion
Big Data MarketForecast2030	USD 473.6 Billion
Big Data MarketCAGR During 2022 - 2030	12.7%
Big Data MarketAnalysis Period	2018 - 2030
Big Data MarketBase Year	2021
Big Data MarketForecast Data	2022 - 2030
Segments Covered	By Component, By Deployment Model, By Business Function, By Application, By Industry Vertical,And ByGeography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	Accenture, Alteryx, AWS, Cloudera, Equifax, Inc. Google, IBM, Oracle, Microsoft, SAS, SAP, TIBCO, Teradata, Salesforce, Qlik, and VMware.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Big Data Market Growth Factors

The advent of the COVID-19 pandemic favored the exponential growth of big data and business analytics. During the pandemic period, the growing trend of working from home and remote work culture was a primary factor driving the global big data market. Furthermore, big data analytics solutions have significantly benefited the healthcare sector. The growing number of COVID patients in hospitals generated a large amount of healthcare data, which big data solutions easily handled and catered to in a well-structured manner. However, surging privacy and data security concerns may limit market growth during the forecast period. Users store confidential information and data on big data platforms related to their business operations. Nevertheless, there are potential vulnerabilities and liabilities in managing and storing the documents.

The adoption of cloud computing is a very prominent aspect that is boosting the global big data analytics market growth. The advent of cloud computing has simplified data storage, making it more secure, cost-effective, and flexible. Furthermore, rapid growth in smart payment technologies is another aspect that is anticipated to generate numerous growth opportunities for the market during the forecast timeframe from 2022 to 2030. Contactless and smart payments complement each other. Contactless payments simplify the task of transferring money between multiple parties; IoT automates and connects various processes and tasks. Many digital firms are utilizing machine learning to gather insights from the commerce sector.

Big Data Analytics Market Segmentation

The global big data market is segmented based on component, deployment model, business function, application, industry vertical, and geography.

Big Data Market By Component

Hardware
- Storage
- Network Equipment
- Server
- Others
Software
- Big Data Analytics
- Data Discovery
- Data Management
- Data Visualization
Services
- Hadoop as a Service
- Analytics as a Service
- Consulting Services
- Data as a Service
- Deployment and Integration Service

As per the big data industry analysis, services sub-segment achieved a significant market share in 2021 and is expected to do so in the coming years. The services segment is further bifurcated into Hadoop as a service, data as a service, analytics as a service, consulting services, and deployment and integration service. However, the software component is expected to witness a fastest growth CAGR during the projected timeframe from 2022 to 2030.

Big Data Market By Deployment Model

On-Premise
Cloud-Based
- Private Cloud
- Public Cloud
Hybrid

Based on our deployment model analysis, on-premise will lead the segment with utmost shares in 2021, whereas the segment will also continue to lead the market in the coming future. On the other hand, the public cloud among cloud segment generates significant market revenue during the forecast period. A public cloud is a collection of hardware, storage, networking, services, applications, and interfaces owned and controlled by a third party and made available to other businesses and individuals.

Big Data Market By Business Function

Finance
Sales and Marketing
Human Resources
Operations

Finance is a very important segment of all business functions because the entire enterprise's financial status is dependent on it. As a result, many banking and financial titans rely heavily on big data analytics to increase economic stability and provide precise funding ideas. Sales and marketing, on the other hand, are gaining traction in the big data analytics space, heavily utilizing its services and assisting in increased revenue generation and business expansion.

Big Data Market By Business Application

Customer Analytics
Operational Analytics
Fraud Detection
Compliance
Data Warehouse Optimization
Others

On the basis of application, customer analytics is a very prominent application that has been used by end-users. The growing social media platforms, increasing e-commerce industry, and rising internet penetration will support customer analytics. Meanwhile, fraud detection is poised to grow at an exponential rate owing to the increase in fraudulent activities across the world.

Big Data Market By Industry Vertical

Manufacturing
Media & Entertainment
BFSI
IT & Telecommunication
Healthcare
Energy and Power
Retail & E-Commerce
Government
Transportation
Others

The BFSI industry is dubbed as the major revenue generating segment and is rushing to the same path. The increasing demand for real-time feedback on services is driving the adoption of big data in the BFSI industry vertical. Big data analytics are being used to help the BFSI sector effectively acquire, grow, and retain customers. During the forecast period, the retail & e-commerce segment is anticipated to grow at the highest CAGR. Retail & e-commerce are using cutting-edge analytical tools to better understand consumer preferences and shifting market trends.

Big Data Market Regional Outlook

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Rest of Europe

Asia-Pacific

India
Japan
China
Australia
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

The Middle East & Africa

South Africa
GCC Countries
Rest of the Middle East & Africa (ME&A)

Big Data Market Regional Analysis

According to our big data regional analysis, North America is currently leading the market and is expected to lead throughout the forecasted timeframe from 2022 to 2030. Extensive adoption of big data analytics solutions in industries such as BFSI, Retail & E-Commerce, IT & telecom, and healthcare among other in the United States is a leading aspect that is driving the global North American big data market. Additionally, the rapid adoption of technologies such as AI, machine learning, Hadoop, and IoT are also favoring the American market growth. Meanwhile, Asia-Pacific region is expected to record a substantial growth rate during the projected years from 2022 to 2030. The APAC’s big data market is expanding as a result of the expanding use of big data technologies like Apache and Hadoop, IoT devices, the expansion of the insurance and banking industries, and the penetration of novel technologies like connected devices.

Big Data Market Players

Some of the leading big data companies include Accenture, Alteryx, AWS, Cloudera, Equifax, Inc. Google, IBM, Oracle, Microsoft, SAS, SAP, TIBCO, Teradata, Salesforce, Qlik, and VMware.

CHAPTER 1. Industry Overview of Big Data Market

1.1. Definition and Scope

1.1.1. Definition of Big Data

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Big Data Market

1.2. Summary

1.2.1. Executive Summary

1.2.2. Big Data Market By Component

1.2.3. Big Data Market By Deployment Model

1.2.4. Big Data Market By Business Function

1.2.5. Big Data Market By Application

1.2.6. Big Data Market By Industry Vertical

1.2.7. Big Data Market By Region

CHAPTER 2. Research Approach

2.1. Methodology

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Sources

2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Big Data Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

9.2.3. U.S. Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

9.2.4. U.S. Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

9.2.5. U.S. Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

9.3. Canada

9.3.1. Canada Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

9.3.2. Canada Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

9.3.3. Canada Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

9.3.4. Canada Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

9.3.5. Canada Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

9.4. North America PEST Analysis

CHAPTER 10. Europe Big Data Market By Country

10.1. Europe Big Data Market Overview

10.2. U.K.

10.2.1. U.K. Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

10.2.2. U.K. Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

10.2.3. U.K. Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

10.2.4. U.K. Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

10.2.5. U.K. Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

10.3. Germany

10.3.1. Germany Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

10.3.2. Germany Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

10.3.3. Germany Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

10.3.4. Germany Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

10.3.5. Germany Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

10.4. France

10.4.1. France Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

10.4.2. France Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

10.4.3. France Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

10.4.4. France Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

10.4.5. France Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

10.5. Spain

10.5.1. Spain Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

10.5.2. Spain Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

10.5.3. Spain Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

10.5.4. Spain Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

10.5.5. Spain Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

10.6. Rest of Europe

10.6.1. Rest of Europe Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

10.6.2. Rest of Europe Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

10.6.3. Rest of Europe Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

10.6.4. Rest of Europe Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

10.6.5. Rest of Europe Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

10.7. Europe PEST Analysis

CHAPTER 11. Asia-Pacific Big Data Market By Country

11.1. Asia-Pacific Big Data Market Overview

11.2. China

11.2.1. China Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.2.2. China Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.2.3. China Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.2.4. China Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.2.5. China Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.3. Japan

11.3.1. Japan Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.3.2. Japan Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.3.3. Japan Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.3.4. Japan Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.3.5. Japan Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.4. India

11.4.1. India Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.4.2. India Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.4.3. India Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.4.4. India Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.4.5. India Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.5. Australia

11.5.1. Australia Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.5.2. Australia Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.5.3. Australia Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.5.4. Australia Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.5.5. Australia Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.6. South Korea

11.6.1. South Korea Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.6.2. South Korea Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.6.3. South Korea Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.6.4. South Korea Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.6.5. South Korea Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.7. Rest of Asia-Pacific

11.7.1. Rest of Asia-Pacific Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

11.7.2. Rest of Asia-Pacific Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

11.7.3. Rest of Asia-Pacific Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

11.7.4. Rest of Asia-Pacific Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

11.7.5. Rest of Asia-Pacific Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

11.8. Asia-Pacific PEST Analysis

CHAPTER 12. Latin America Big Data Market By Country

12.1. Latin America Big Data Market Overview

12.2. Brazil

12.2.1. Brazil Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

12.2.2. Brazil Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

12.2.3. Brazil Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

12.2.4. Brazil Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

12.2.5. Brazil Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

12.3. Mexico

12.3.1. Mexico Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

12.3.2. Mexico Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

12.3.3. Mexico Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

12.3.4. Mexico Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

12.3.5. Mexico Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

12.4. Rest of Latin America

12.4.1. Rest of Latin America Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

12.4.2. Rest of Latin America Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

12.4.3. Rest of Latin America Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

12.4.4. Rest of Latin America Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

12.4.5. Rest of Latin America Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

12.5. Latin America PEST Analysis

CHAPTER 13. Middle East & Africa Big Data Market By Country

13.1. Middle East & Africa Big Data Market Overview

13.2. GCC

13.2.1. GCC Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

13.2.2. GCC Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

13.2.3. GCC Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

13.2.4. GCC Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

13.2.5. GCC Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

13.3. South Africa

13.3.1. South Africa Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

13.3.2. South Africa Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

13.3.3. South Africa Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

13.3.4. South Africa Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

13.3.5. South Africa Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

13.4. Rest of Middle East & Africa

13.4.1. Rest of Middle East & Africa Big Data Market Revenue (USD Billion) and Forecast By Component, 2018-2030

13.4.2. Rest of Middle East & Africa Big Data Market Revenue (USD Billion) and Forecast By Deployment Model, 2018-2030

13.4.3. Rest of Middle East & Africa Big Data Market Revenue (USD Billion) and Forecast By Business Function, 2018-2030

13.4.4. Rest of Middle East & Africa Big Data Market Revenue (USD Billion) and Forecast By Application, 2018-2030

13.4.5. Rest of Middle East & Africa Big Data Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030

13.5. Middle East & Africa PEST Analysis

CHAPTER 14. Player Analysis Of Big Data Market

14.1. Big Data Market Company Share Analysis

14.2. Competition Matrix

14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment

14.2.2. New Product Launches and Product Enhancements

14.2.3. Mergers And Acquisition In Global Big Data Market

14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 15. Company Profile

15.1. Accenture

15.1.1. Company Snapshot

15.1.2. Business Overview

15.1.3. Financial Overview

15.1.3.1. Revenue (USD Billion), 2021

15.1.3.2. Accenture 2021 Big Data Business Regional Distribution

15.1.4. Product /Service and Specification

15.1.5. Recent Developments & Business Strategy

15.2. Alteryx

15.3. AWS

15.4. Cloudera

15.5. Equifax, Inc.

15.6. Google

15.7. IBM

15.8. Oracle

15.9. Microsoft

15.10. SAS

15.11. SAP

15.12. TIBCO

15.13. Teradata

15.14. Salesforce

15.15. Qlik

15.16. VMware

FAQs

Big Data Market Size and Share | Forecast - 2030? ›

The worldwide big data analytics market size was $198.08 billion in 2020 and is expected to reach $684.12 billion by 2030, growing at an annual rate of 13.5% from 2021 to 2030. The key players profiled in global big data and business analytics market analysis are: Amazon Web Services. Fair Isaac Corporation.

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What is the market size of big data? ›

The global big data technology market size was valued at USD 349.40 billion in 2023 and is projected to grow from USD 397.27 billion in 2024 to USD 1,194.35 billion by 2032, exhibiting a CAGR of 14.8% during the forecast (2024-2032). North America accounted for a market value of USD 104.90 billion in 2023.

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What is the outlook for the big data market? ›

Big Data Market Overview

Big data Size was valued at USD 100.4 billion in 2021. The big data industry is projected to grow from USD 114.9 Billion in 2022 to USD 297.0 billion by 2030,exhibiting a compound annual growth rate (CAGR) of 14.5% during the forecast period (2024 - 2030).

What are the 5 year projections of data growth? ›

Data Creation Growth Projections

Year	Data Generated	Change Over Previous Year
2022*	97 zettabytes	↑ 18 zettabytes
2023*	120 zettabytes	↑ 23 zettabytes
2024*	147 zettabytes	↑ 27 zettabytes
2025*	181 zettabytes	↑ 34 zettabytes

12 more rows

Jun 13, 2024

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How much is data analysis industry projected to grow in the next 5 years? ›

The global data and analytics market was valued at US$ 112.05 billion in 2023 and will grow at a compounded annual growth rate (CAGR) of 11.14% to reach US$ 189.98 billion by 2028. The cumulative revenue generation for data and analytics providers is estimated at US$ 891.38 billion for 2023-2028.

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What is the big data market in 2030? ›

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What is the size of big data worldwide? ›

The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching 64.2 zettabytes in 2020. Over the next five years up to 2025, global data creation is projected to grow to more than 180 zettabytes. In 2020, the amount of data created and replicated reached a new high.

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What is the forecast for data centers in 2030? ›

In the US market alone, demand—measured by power consumption to reflect the number of servers a data center can house—is expected to reach 35 gigawatts (GW) by 2030, up from 17 GW in 2022, according to McKinsey analysis (Exhibit 1). The United States accounts for roughly 40 percent of the global market.

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What is the future of big data? ›

Demand for Data Scientists and CD0's

On the other hand, CDOs manage data to ensure data quality and develop data strategy. Thus, the future of big data involves CDOs processing more efficient data, making an estimated growth rate at a CAGR of 9.26% during the forecast period of 2021 and 2031.

What is the big growth forecast for big data? ›

From 2020 to 2025, IDC forecasts new data creation to grow at a compound annual growth rate (CAGR) of 23%, resulting in approximately 175ZB of data creation by 2025.

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What is the CAGR of big data analytics? ›

According to the report, the big data analytics market was valued at $0.3 trillion in 2023, and is estimated to reach $1.1 trillion by 2032, growing at a CAGR of 14.5% from 2024 to 2032.

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What is the future of data analytics in 2025? ›

By 2025, it is predicted that a majority of analytics processes will be augmented, making advanced analytics accessible to a broader audience. This democratization of analytics will empower more employees across different levels of the organization to derive insights from data, fostering a more data-driven culture.

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How big is the data analytics market in 2024? ›

The big data and analytics market size has grown rapidly in recent years. It will grow from $104.19 billion in 2023 to $118.55 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%.

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What is the demand for data science in 2030? ›

Data Science has a bright future with an expected growth rate of 22% by 2030. This field is constantly evolving and uses various techniques to extract knowledge from data. Data scientists are in high demand due to the increasing amount of data companies collect and their inability to handle it effectively.

How fast is big data growing? ›

Big data market statistics

Global spending on BDA solutions is expected to grow at the compound annual growth rate (CAGR) of 12.8% over 2021-2025.

How much is big data growing? ›

KEY MARKET INSIGHTS

The global big data analytics market size was valued at USD 307.51 billion in 2023. The market is projected to grow from USD 348.21 billion in 2024 to USD 924.39 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period.

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What size is considered big data? ›

The most basic way to tell if data is big data is through how many unique entries the data has. Usually, a big dataset will have at least a million rows. A dataset might have less rows than this and still be considered big, but most have far more. Datasets with a large number of entries have their own complications.

What is market size data? ›

The "market size" is made up of the total number of potential buyers of a product or service within a given market, and the total revenue that these sales may generate.

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What is a big market size? ›

Market Opportunity is an important metric for estimating the long-term potential for an early stage company. Typically, we invest in companies that are going after market sizes of at least $100M. At that size, a market is large enough to support a $25M+ company.

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How big is the real world data market? ›

How big is the Real-world Data (RWD) Market ? The global Real-world Data (RWD) Market size was valued at USD 1.59 billion in 2023 and is expected to reach USD 4.07 billion in 2030. What are the key factors hampering growth of the Global Real World Data (RWD) market?

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Big Data Market Size and Share | Forecast - 2030 (2024)

FAQs

Big Data Market Size and Share | Forecast - 2030? ›

What is the CAGR of big data analytics? ›