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Big Data and Business Analytics Market Share

Report ID: GMI10169
Published Date: Jul 2024
Report Format: PDF

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Big Data and Business Analytics Market Share

IBM Corporation, SAS and Oracle Corporation are leading companies in the market, collectively commanding a significant revenue share of overall industry. Leaders in the big data market commonly employ strategies focused on innovation, scalability, and integration across their respective platforms. These companies emphasize the development of robust data analytics solutions that cater to diverse industry needs, from cloud-based data storage and processing to advanced analytics and AI-driven insights. They invest heavily in research and development to enhance their data management capabilities, ensuring reliability, security, and compliance with regulatory standards. Moreover, partnerships and acquisitions play a crucial role in expanding their market presence and integrating new technologies to meet evolving customer demands for efficient data-driven solutions.

Big Data and Business Analytics Market Companies

Major players operating in the market are:

AWS
Google
Hewlett packard enterprise company
IBM
Microsoft Corporation
Oracle
SAP
SAS
Teradata
TIBCO Software Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for big data and business analytics was worth USD 245.9 billion in 2023 and is projected to expand at 15% CAGR from 2024 to 2032, driven by the data-driven decision-making, technological advancements, and increasing adoption across various industries.

The software component segment in the big data and business analytics industry held 34% share in 2023 and is anticipated to expand at significant rate from 2024 to 2032, as they enable organizations to manage, analyze, and visualize large volumes of data efficiently.

The large enterprise organization segment in the big data and business analytics market accounted for 67% share in 2023 led by the rising need to gain competitive advantages, enhance operational efficiencies, and improve decision-making processes.

North America industry held 41% revenue share in 2023 and is estimated to grow at notable rate between 2024 and 2032, on account of the presence of advanced technological infrastructure, including robust IT capabilities and widespread adoption of cloud computing.