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The Big Data Technology and Service Market can be segmented by Delivery Mode (On-premise, Cloud), End-user Vertical (Telecom & IT, Energy & Power, BFSI, Retail, Manufacturing, Transportation & Logistics, Aerospace & Defense, Media & Entertainment, Engineering & Construction, Healthcare & Pharmaceuticals), and Geography.
Fastest Growing Market:
The big data technology and service market was valued at USD 23.1 billion in 2018 and is expected to reach a value of USD 79.5 billion by 2024, at an estimated CAGR of 25.4 % over the forecast period 2019 - 2024. Across the world, people are exchanging information which is going to increase in the coming years. Domo Inc estimated that 1.7MB of data will be created every second for every person on earth by 2020 end.
Not knowing the best way to read, understand, and apply data can actually cost a business lost revenue opportunities, lower efficiency and productivity and quality issues. Big data is a term that describes the large volume of data (both structured and unstructured). With the rapid growth in analytic capabilities on cloud platforms, users leveraged large cloud vendors more prominently for analytical software in 2018.
|By Delivery Mode|
|By End-user Vertical|
|Telecom & IT|
|Energy & Power|
|Aerospace & Defense|
|Engineering & Construction|
|Healthcare & Pharmaceuticals|
|Other End -user Verticals (Transportation & Logistics, Media & Entertainment)|
|Rest of the World|
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The market is concentrated with major legacy players dominating the market like IBM, Microsoft and SAP. Since companies are concerned regarding the privacy and management of their employee/customer data, they trust established vendors more rather than new entrants.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Adoption of Data Discovery and Visualization Tools is Expanding the Market Growth
4.4 Market Restraints
4.4.1 Hacking and Tampering of Generated Data by Insiders or Third Party is Challenging the Market Growth
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Delivery Mode
5.2 By End-user Vertical
5.2.1 Telecom & IT
5.2.2 Energy & Power
5.2.6 Aerospace & Defense
5.2.7 Engineering & Construction
5.2.8 Healthcare & Pharmaceuticals
5.2.9 Other End -user Verticals (Transportation & Logistics, Media & Entertainment)
5.3.1 North America
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Microsoft Corporation
6.1.3 Oracle Corporation
6.1.4 SAP SE
6.1.5 Hewlett-Packard Company
6.1.6 Cisco Systems Inc.
6.1.7 SAS Institute
6.1.8 Information Builders Inc.
6.1.9 MicroStrategy Incorporated
6.1.10 Accenture PLC
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS