North America Big Data Market Size, Share & Industry Trends Analysis Report By Component, By Business Function, By Deployment Type, By Organization Size, By Vertical By Country and Growth Forecast, 2021 - 2027
The North America Big Data Market would witness market growth of 9.4% CAGR during the forecast period (2021-2027).
Big data analytics is a critical component of businesses since it enables them to handle, process, and simplify massive datasets in real-time while also improving their decision-making capabilities. Furthermore, the primary goal of big data and business analytics is to assist enterprises in better understanding their customers and narrowing down their target population, hence boosting marketing campaigns. Furthermore, big data and business analytics are being used by a variety of businesses to examine huge amounts of data created by offline and online commerce. Furthermore, thanks to the emergence of cloud-based big data and business analytics, customers may now access all of their data from anywhere on the planet. This allows various big data service providers to enhance their cloud technology investment and get a competitive advantage over their competitors.
The advent of big data technologies has provided a plethora of options for a variety of enterprises to manage and translate rich data streams into actionable information. The regional market demand is expected to be driven by high usage in the retail and healthcare sectors. In addition, utilizing data in both the public and private sectors opens up a slew of new business opportunities. Most of the significant vendors in the market are based in the United States, and adoption of Big Data services is very high in the regional discrete manufacturing, banking, process manufacturing, professional services, and federal/central government sectors, so the US is expected to dominate the regional and Big Data market over the forecast period
The US market dominated the North America Big Data Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $75,161.7 million by 2027. The Canada market is exhibiting a CAGR of 11.9% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 10.9% during (2021 - 2027).
Based on Component, the market is segmented into Solution (Data Discovery, Big Data Analytics, Data Visualization, and Data Management) and Services. Based on Business Function, the market is segmented into Marketing & Sales, Finance, Human Resources, Operations, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud (Public, Private, and Hybrid). Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Retail & Consumer Goods, Telecom & IT, Government & Defense, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Google LLC, Oracle Corporation, Microsoft Corporation, SAS Institute, Inc., SAP SE, Alteryx, Inc., Teradata Corporation, Salesforce.com, Inc., and TIBCO Software, Inc.
Scope of the Study
Market Segments covered in the Report:
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