Global Big Data Market 2020-2024
Technavio has been monitoring the global big data market and it is poised to grow by USD 142.5 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. Our reports on big data market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by Growing Investment in Smart City Initiatives. In addition, adoption of blockchain solutions through big data implementation is anticipated to boost the growth of the big data market as well.
Technavio’s global big data market is segmented as below:
- North America
- South America
Key Trends for big data market growth
This study identifies adoption of blockchain solutions through big data implementation as the prime reasons driving the big data market growth during the next few years.
Prominent vendors in big data market
We provide a detailed analysis of around 25 vendors operating in the big data market, including some of the vendors such as Alphabet Inc., Amazon.com Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, SAS Institute Inc. and Splunk Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.