Market Size (2017)
2017
—
Vertical: ICTBase Year: 20189 Sections
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
Big Data Market is a key focus area for market intelligence and strategic research.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansBig 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.
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View Subscription PlansThis 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+
Historical data (2017–2018) and forecast period (2018–2023)
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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Analytical insights on Big Data Market covering market dynamics, competitive landscape, and strategic outlook.
Big Data Market represents a significant market opportunity with multiple growth drivers across regions and segments.
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.
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.
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 Power Research, LLC
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.
Siemens Energy
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.
Applus+
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.
Renewable Energy Service Co., Ltd.
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.
QOS Energy
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.
Genesis Ray
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.
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Big Data Market