ICT

Big Data Market

By Segment, By Region, And Segment Forecasts, 2017 – 2023

Vertical: ICTBase Year: 20189 Sections

Executive Summary

Big Data Market — Snapshot

  • Market Size (2017)

    2017

  • Projected (2023)

    2023

  • CAGR (2017–2023)

    N/A

  • Key Players

    100+

Big data refers to a framework that allows the analysis and management of a larger amount of data than the traditional data processing technologies. Big data supposes a change from the traditional techniques in three different ways: the amount of data, the rate of data generation and transmission, and the types of structured and unstructured data. The era of big data is producing unprecedented amounts of data points giving greater insights, which help in driving extensive research, better business decisions, and greater value for customers. The increasing adoption of the internet and the growing demand of e-commerce is boosting the demand for big data analytics as it helps organizations in collecting and managing a large amount of data. The use of big data analytics, for instance, in e-commerce, is to manage huge quantities of the transaction, click-stream, voice, and video data in e-commerce. A big data system usually contains an enormous amount of personal information and data privacy is the primary concern of big data security techniques. Enterprises have to maintain a strategic plan for ensuring the security of big data stored in on-premise and cloud servers.

Big data analytics is used across industries to drive customer traffic to gain a competitive advantage. The companies have a huge amount of used data analytics that helps to direct their strategy to maximize profits. The companies are using clouds and analytics that could help businesses to store, interpret, and process their big data. These data are further used to fulfill the customer’s requirement in the organizations. With the use of big data analytics, the business would be able to create data-driven applications and enhance business agility and productivity while reducing costs. The emerging technologies such as private, public, and hybrid cloud, are rapidly changing and are thus increasing the demand of big data in the market. It helps in determining a large amount of big data that can solve an organization’s business problems and align opportunities. The demand for cloud computing has witnessed a massive growth in a short span of time, which is expected to drive the growth of the big data analytics cloud-based services in the coming years.

The global big data market is expected to grow at a 13.35% CAGR during the forecast period, 2018–2023. In 2017, the market was led by North America with 45.0% share, followed by Europe, and Asia-Pacific with shares of 28.7% and 17.4% respectively. There has been significant growth in the adoption of cloud-based solutions and services in China, Japan, Germany, and the US.

The global big data market has been segmented based on component, technology, deployment, organization size, end users, and region. Among end users, IT segment accounted for the largest market share in 2017, with a market value of USD 7,639.4 million, which is projected to grow at a CAGR of 13.69% during the forecast period. Based on organization size, SMEs accounted for the largest market in 2017, with a market value of USD 23,106.4 million, whereas, the large enterprises segment is projected to grow at a CAGR of 12.07%.

Market Size

· 2017: USD 38,754.2 Million

· 2023: USD 81,543.0 Million

CAGR

13.3%

Key Geographies CAGR, 2018-2023 (%)

· Asia-Pacific: 16.7%

· North America: 12.4%

· Europe: 13.6%

· Rest of the World: 9.6%

Key Leading Countries/Region

· US

· UK

· China

· Middle East & Africa

Key Market Drivers

Increasing variety and volume of business data generated from various sources

Rising need for business data to improve efficiency

Key Market Opportunities

Demand for a common unified platform for information storage

Key Vendors

IBM Corporation

Splunk Inc

Dell Inc

Oracle Corporation

Amazon Web Services

Key Insight

Big Data Market is a key focus area for market intelligence and strategic research.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This report provides global coverage with region-level breakdowns.
  • Market Segmentation: The market is analyzed across key segments with forecasts from 2017 to 2023.
  • Competitive Landscape: 100 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Market Overview

Big Data Market — Growth Trajectory

Big data refers to a collection of data sets that are considerably large and complex in nature. It is one of the most disruptive technologies of this decade and is widely being adopted across different end-use verticals. The implementation of big data solutions and services has had a great impact on the digital transformation of operations. The volume of data generated globally is growing each day. This growth can be attributed to the increasing use of the Internet and rising adoption of smartphones. Moreover, the increasing popularity of social networking is responsible for generating high volumes of data.

Market Share by Application

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Market Dimensions

How this market is segmented

  • Segmentation The Big Data Market market is analyzed across multiple dimensions with regional breakdowns.

Geographic Analysis

Regional market breakdown

    Research Methodology

    Big Data Market — How We Researched This Market

    This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

    • Base Year

      2018

    • Historical Period

      2017 – 2018

    • Forecast Period

      2018 – 2023

    • Primary Interviews

      150+

    Research Process

    Historical data (2017–2018) and forecast period (2018–2023)

    1

    Problem Definition

    • Market scoping
    • Objective setting
    • Framework design
    2

    Secondary Research

    • Literature review
    • Data mining
    • Trend analysis
    3

    Primary Research

    • Expert interviews
    • Field visits
    • Surveys
    4

    Data Analysis

    • Quantitative modeling
    • Statistical testing
    • Validation
    5

    Insights & Reporting

    • Synthesis
    • Recommendations
    • Visualization

    Research Depth

    Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

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    Analytics

    Big Data Market — Key Findings

    Analytical insights on Big Data Market covering market dynamics, competitive landscape, and strategic outlook.

    Key Analytical Findings

    Big Data Market represents a significant market opportunity with multiple growth drivers across regions and segments.

    Market Dynamics

    Big data refers to a collection of data sets that are considerably large and complex in nature. It is one of the most disruptive technologies of this decade and is widely being adopted across different end-use verticals. The implementation of big data solutions and services has had a great impact on the digital transformation of operations. The volume of data generated globally is growing each day. This growth can be attributed to the increasing use of the Internet and rising adoption of smartphones. Moreover, the increasing popularity of social networking is responsible for generating high volumes of data.

    Strategic Outlook and Future Directions

    Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

    Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

    Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

    Companies

    Key companies profiled in Big Data Market

    Profiles of 100 companies operating in the Big Data Market market, including revenue, employee count, and market positioning where available.

    Showing 100 of 100 companies

    Clean Powe

    Clean Power Research, LLC

    ICT

    Company Headquarters: Napa, California, USA. Founded: 1997 Workforce: ~ 250 Company Working: Clean Power Research, LLC is a trusted partner of leading utility and energy enterprises. The company is a team of talented, innovative, dedicated people passionate about clean energy and committed to transforming the global energy landscape using software for a clean-powered planet. For more than 20 years, leading utility and energy enterprises have relied on Clean Power Research to successfully navigate energy transformation. Company’s innovative solutions inform, streamline, and quantify energy-related decisions and processes. It is well-known for building and operating adaptable and efficient cloud software. The company specializes in Utility Customer Engagement, Distributed Energy Program Automation, Irradiance Data, Historical and Forecast Solar Prediction, and APIs.

    RevenueN/A
    Employees250
    Market CapN/A
    Founded1996
    Napa, California, USA.
    Siemens En

    Siemens Energy

    ICT

    Company Headquarters: Munich, Germany Founded: 1866 Workforce: ~ 91,000 Company Working: Siemens Energy is a global leader in energy technology and solutions. The company focuses on providing innovative products, services, and solutions across the entire energy value chain. Siemens Energy specializes in various areas, including power generation, transmission, and distribution. Its diverse portfolio encompasses gas and steam turbines, wind turbines, generators, transformers, grid solutions, and energy storage systems. The company is committed to sustainable energy solutions and aims to play a crucial role in the global energy transition towards a low-carbon future. With a strong emphasis on digitalization and decarburization, Siemens Energy actively develops advanced technologies such as AI, IoT, and digital twins to enhance energy efficiency and operational performance. The company collaborates with customers, partners, and stakeholders to deliver reliable, efficient, and environmentally friendly solutions to meet the world's evolving energy needs.

    Revenue$29.7B
    Employees91,000
    Market CapN/A
    Founded1865
    Munich, Germany
    Applus+

    Applus+

    ICT

    Company Headquarters: Madrid Founded: 1996 Workforce: ~ 25,000 Company Working: Applus+ is a leader in the testing, inspection, and certification sector. Applus+ is a trusted partner, enhancing the quality and safety of clients’ assets and infrastructures while safeguarding their operations and improving their environmental performance. Its innovative approach, technical capabilities, and highly skilled and motivated workforce assure operational excellence across multiple sectors in more than 70 countries. Applus+ offers a complete portfolio of solutions that address a range of needs, from asset integrity management to statutory compliance-based inspections. It places a strong emphasis on technological development, digitalization, and innovation, as well as having the latest knowledge of regulatory requirements.

    Revenue$0.0B
    Employees25,000
    Market CapN/A
    Founded1995
    Madrid
    Renewable

    Renewable Energy Service Co., Ltd.

    ICT

    Company Headquarters: Thailand Founded: 2010 Workforce: ~ 250 Company Working: Renewable Energy Service Co., Ltd. is a leader in providing Wind Renewable professional services in Southeast Asia and expanding across the Asia-Pacific Region. The company was established in 2010 to support the Wind Renewable growth in the region, providing professional services in heavy-lifting, installation, mechanical & electrical works, and commissioning & maintenance services of Wind Turbines and Transformers. Committed to Quality, Health, Safety & Environmental protection, the company is complying and has certifications in ISO 9001 and ISO 14001. Total completed projects of 973 MW or 414 units of Wind Turbines (Siemens Gamesa Vestas GE Renewable & Goldwind) installed as of 2022.

    RevenueN/A
    Employees250
    Market CapN/A
    Founded2009
    Thailand
    QOS Energy

    QOS Energy

    ICT

    Company Headquarters: France Founded: 2010 Workforce: ~250 Company Working: QOS Energy is an innovative independent software vendor specializing in data intelligence cloud solutions for renewable energies. It is a renewable energy asset performance management and monitoring software vendor for IPPs, renewable energy developers, O&M service providers, asset owners, and EPCs. With 12 GW of renewable energy, it helps its customers maximize profits at more than 8 000 facilities throughout the world. Quantum®, an IoT Analytics platform created to improve the performance of renewable plants and storage facilities, is powered by QOS Energy. The capacity of QOS Energy to provide energy firms with access to performance analytics, dashboards, KPIs, and machine learning tools by effortlessly retrieving data from any plant and system is one of the company's key successes reasons. The company specializes in Solar PV monitoring software, Energy Management Systems, System performance management, and Internet of Things data management.

    RevenueN/A
    Employees250
    Market CapN/A
    Founded2009
    France
    Genesis Ra

    Genesis Ray

    ICT

    Company Headquarters: Singapore Founded: 2017 Workforce: ~50-100 Company Working: Genesis Ray is a clean energy focused company provides location-based intelligence and analytics for renewable energy and gas sector. The company offers site suitable reports, data services, explorer, power market models, and GIS services to its consumer by partnering with ESRI and Sustainable Energy Association of Singapore (SEAS). Genesis Ray has strong operational presence in major Asian countries like India & Singapore.

    RevenueN/A
    Employees100
    Market CapN/A
    Founded2016
    Singapore
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    About the Author

    ICT Research Team

    ICT

    Wantstats' technology team put this together — analysts who track vendor roadmaps, standards bodies, and enterprise adoption curves for a living. The numbers reflect proprietary tracking data cross-referenced with executive interviews, reviewed internally before release.

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    Strategy & Business Development Director, Dogan Holding

    We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
    Noah Malgeri
    Noah Malgeri

    Co-Founder, Mojave Rail Fabrication Limited

    This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
    Michael Robert

    Manager, JavolVision

    Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
    Joseph Aguayo
    Joseph Aguayo

    Sales Operations & Pricing Manager, Intel

    Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
    Bong Lau

    Sales Leader, Bamberg

    We bought your "2025 report" in 2020. Everything is fine and very good.
    Peter Groot Koerkamp
    Peter Groot Koerkamp

    Account and Business Manager, EFS-Holland BV

    Thanks for sending the report it gives us a good global view of the Betaïne market.
    Younghwan Choi
    Younghwan Choi

    Senior Retail Manager, LG Chem

    We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
    Mark Irwin

    Management Consultant, Level 21

    I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
    Rob Kooiker

    Group Product Manager HVAC & Fire Protection GMA, Rockwool

    I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
    Jason Lee

    R&D Director, Seojin

    Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
    Akif Moroglu

    Strategy & Business Development Director, Dogan Holding

    We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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