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Big Data Services Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44961
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The big data services market share is expected to increase by USD 99.39 bn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 34.52%.

This big data services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers big data services market segmentation by end-user (BFSI, telecom, retail, and others), deployment (on-premise, cloud-based, and hybrid), and geography (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA). The big data services market report also offers information on several market vendors, including Accenture Plc, Atos SE, Datameer Inc., Deloitte Touche Tohmatsu Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., PricewaterhouseCoopers LLP, SAP SE, and Teradata Corp. among others.

What will the Big Data Services Market Size be During the Forecast Period?

Big Data Services Market Size

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Big Data Services Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing amount of data is notably driving the big data services market growth, although factors such as adhering to diverse client requirement may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the big data services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Big Data Services Market Driver

The growing amount of data is one of the key factors driving the growth of the big data services market. Enterprise applications are generating large volumes of data, and this will keep continuing throughout the forecast period and beyond. With the growing volume, variety, veracity, and velocity of data, which is referred to as 4Vs, organizations are facing difficulties to analyze and manage large databases efficiently. The increasing volume of data generated in organizations through various channels and sources has compelled organizations to implement big data analytics and save a significant amount of cost for the organizations. Big data analytics has helped organizations transform unstructured and semi-structured data into structured and meaningful data. Big data analytics retrieved and analyzed data to discover significant weaknesses, develop indicator patterns to identify opportunities and threats and optimize business decisions. Since the demand for big data analytics is growing, there is a need for big services such as big data project-based services and big data outsourcing services to manage big data analytics applications to ensure security, agility, and performance.

Key Big Data Services Market Trend

The big data in blockchain technology will fuel the global big data services market growth. Blockchain technology is gaining popularity in the financial sector. JPMorgan, Citi, Wells Fargo, US Bancorp, PNC, Fifth Third Bank, and Signature Bank are some of the banks that use blockchain technology. It is replacing the current centralized business model of financial services. Blockchain technology, also called a ledger framework, is a distributed network of digital databases that maintains records and manages transactions. It uses advanced cryptography to keep transactions secure and manage approvals. All transaction details are then registered in the database. Moreover, the big data blockchain technology has databases that are scalable, have query languages, and accurate blockchains. The big data blockchain database is decentralized; hence, the control can be shared with appropriate authorities. Big data blockchain technology helps in collecting and interpreting huge amounts of information and supports organizations in decision-making processes. This increases operational efficiency and improves security. The technology also overhauls and improves security and highlights where action needs to be taken before and after a hack. However, shifting to a decentralized database network will require educating end-users and operators and integrating it into the current working process.

Key Big Data Services Market Challenge

Adhering to diverse client requirements is a major challenge for global big data services market growth. Several industries lack policies or frameworks to store the high volume of data, which leads to difficulties in the effective performance of big data. This, in turn, affects the market penetration of big data service providers as their quality of service deteriorates. Big data service providers need to continuously develop and offer innovative solutions in step with changing customer requirements. This is a complex and cost-consuming process as it involves high degrees of uncertainty, and failure in understanding the requirements of customers leads to potential loss of time and money. Most of the clients expect business results but are wary about spending. Thus, the lack of a forward-looking policy makes it difficult for vendors to calculate and track ROI. This may hinder the value additions from service providers challenging the development of the big data services market. Therefore, it is important for vendors to understand the current market need and accordingly offer tailored solutions to clients for sustainable growth.

This big data services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The global big data services market is a part of the global IT consulting and other services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the big data services market during the forecast period.

Who are the Major Big Data Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Atos SE
  • Datameer Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • HP Inc.
  • International Business Machines Corp.
  • Microsoft Corp.
  • PricewaterhouseCoopers LLP
  • SAP SE
  • Teradata Corp.

 

This statistical study of the big data services market encompasses successful business strategies deployed by the key vendors. The big data services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Accenture Plc - The company offers big data services for different types of industries such as all communication and media, software and platform, banking, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The big data services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Big Data Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the big data services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global IT consulting and other services market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Big Data Services Market?

Big Data Services Market Market segmentation by region

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34% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for big data services market in North America. Market growth in this region will be faster than the growth of the market in regions.

The growing amount of data will facilitate the big data services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The economy of countries in North America had come to a complete halt owing to COVID-19-induced lockdowns. In the US, the Centers for Disease Control and Prevention (CDC) used data analytics tools to control the spread of COVID-19 and map the number of cases. The tools run in collaboration with the state, local, and territorial health departments, public health, commercial and clinical laboratories, and healthcare providers. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market growth during the forecast period.

What are the Revenue-generating End-User Segments in the Big Data Services Market?

Big Data Services Market Segmentation

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The big data services market share growth by the BFSI segment will be significant during the forecast period. In the BFSI sector, big data services are opted to make respective models of trading, fund management, and risk control. With the growth of big data in terms of volume, variety, and complexity, big data analysis is useful for banks to generate useful insights leading to improved performance. This report provides an accurate prediction of the contribution of all the segments to the growth of the big data services market size.

This report provides an accurate prediction of the contribution of all the segments to the growth of the big data services market size and actionable market insights on post COVID-19 impact on each segment.

 

Big Data Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 34.52%

Market growth 2021-2025

$99.39 billion

Market structure

Fragmented

YoY growth (%)

26.24

Regional analysis

North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, China, Germany, Canada, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Atos SE, Datameer Inc., Deloitte Touche Tohmatsu Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., PricewaterhouseCoopers LLP, SAP SE, and Teradata Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Big Data Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive big data services market growth during the next five years
  • Precise estimation of the big data services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the big data services industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of big data services market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: IT consulting and other services market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis 2020 & 2025
      • 4.2 Bargaining power of buyers
        • Exhibit 08: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 09: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 10: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 11: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 12: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 13: Market condition - Five forces 2020

      5 Market Segmentation by End-user

      • 5.1 Market segments
        • Exhibit 14: End-user - Market share 2020-2025 (%)
      • 5.2 Comparison by End-user
        • Exhibit 15: Comparison by End-user
      • 5.3 BFSI - Market size and forecast 2020-2025
        • Exhibit 16: BFSI - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 17: BFSI - Year-over-year growth 2020-2025 (%)
      • 5.4 Telecom - Market size and forecast 2020-2025
        • Exhibit 18: Telecom - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 19: Telecom - Year-over-year growth 2020-2025 (%)
      • 5.5 Retail - Market size and forecast 2020-2025
        • Exhibit 20: Retail - Market size and forecast 2020-2025 ($ billion)
      • 5.6 Others - Market size and forecast 2020-2025
        • Exhibit 21: Others - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
      • 5.7 Market opportunity by End-user
        • Exhibit 23: Market opportunity by End-user

      6 Customer landscape

      • 6.1 Overview
        • Exhibit 24: Customer landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 25: Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 26: Geographic comparison
      • 7.3 North America - Market size and forecast 2020-2025
        • Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
      • 7.4 Europe - Market size and forecast 2020-2025
        • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
      • 7.5 APAC - Market size and forecast 2020-2025
        • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
      • 7.6 South America - Market size and forecast 2020-2025
        • Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
      • 7.7 MEA - Market size and forecast 2020-2025
        • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 37: Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 38: Market opportunity by geography ($ billion)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 40: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • Exhibit 41: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 42: Landscape disruption
            • Exhibit 43: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 44: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 45: Market positioning of vendors
          • 10.3 Accenture Plc
            • Exhibit 46: Accenture Plc - Overview
            • Exhibit 47: Accenture Plc - Business segments
            • Exhibit 48: Accenture Plc - Key offerings
            • Exhibit 49: Accenture Plc - Segment focus
          • 10.4 Atos SE
            • Exhibit 50: Atos SE - Overview
            • Exhibit 51: Atos SE - Business segments
            • Exhibit 52: Atos SE - Key news
            • Exhibit 53: Atos SE - Key offerings
            • Exhibit 54: Atos SE - Segment focus
          • 10.5 Datameer Inc.
            • Exhibit 55: Datameer Inc. - Overview
            • Exhibit 56: Datameer Inc. - Product and service
            • Exhibit 57: Datameer Inc. - Key offerings
          • 10.6 Deloitte Touche Tohmatsu Ltd.
            • Exhibit 58: Deloitte Touche Tohmatsu Ltd. - Overview
            • Exhibit 59: Deloitte Touche Tohmatsu Ltd. - Business segments
            • Exhibit 60: Deloitte Touche Tohmatsu Ltd. - Key offerings
            • Exhibit 61: Deloitte Touche Tohmatsu Ltd. - Segment focus
          • 10.7 HP Inc.
            • Exhibit 62: HP Inc. - Overview
            • Exhibit 63: HP Inc. - Business segments
            • Exhibit 64: HP Inc. - Key news
            • Exhibit 65: HP Inc. - Key offerings
            • Exhibit 66: HP Inc. - Segment focus
          • 10.8 International Business Machines Corp.
            • Exhibit 67: International Business Machines Corp. - Overview
            • Exhibit 68: International Business Machines Corp. - Business segments
            • Exhibit 69: International Business Machines Corp. - Key offerings
            • Exhibit 70: International Business Machines Corp. - Segment focus
          • 10.9 Microsoft Corp.
            • Exhibit 71: Microsoft Corp. - Overview
            • Exhibit 72: Microsoft Corp. - Business segments
            • Exhibit 73: Microsoft Corp. - Key news
            • Exhibit 74: Microsoft Corp. - Key offerings
            • Exhibit 75: Microsoft Corp. - Segment focus
          • 10.10 PricewaterhouseCoopers LLP
            • Exhibit 76: PricewaterhouseCoopers LLP - Overview
            • Exhibit 77: PricewaterhouseCoopers LLP - Business segments
            • Exhibit 78: PricewaterhouseCoopers LLP - Key offerings
            • Exhibit 79: PricewaterhouseCoopers LLP - Segment focus
          • 10.11 SAP SE
            • Exhibit 80: SAP SE - Overview
            • Exhibit 81: SAP SE - Business segments
            • Exhibit 82: SAP SE - Key news
            • Exhibit 83: SAP SE - Key offerings
            • Exhibit 84: SAP SE - Segment focus
          • 10.12 Teradata Corp.
            • Exhibit 85: Teradata Corp. - Overview
            • Exhibit 86: Teradata Corp. - Business segments
            • Exhibit 87: Teradata Corp. - Key offerings
            • Exhibit 88: Teradata Corp. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 89: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 90: Research Methodology
              • Exhibit 91: Validation techniques employed for market sizing
              • Exhibit 92: Information sources
            • 11.4 List of abbreviations
              • Exhibit 93: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Big Data Services Market market growth will increase by $99.39 bn during 2021-2025.
            The big data services market market is expected to grow at a CAGR of 34.52% during 2021-2025.
            Technavio has segmented the big data services market market by end user (BFSI, telecom, retail, and others) ,deployment (on premise, cloud based, hybrid, South America, and MEA) , and geography (North America, Europe, APAC, South America, and MEA).
            Accenture Plc, Atos SE, Datameer Inc., Deloitte Touche Tohmatsu Ltd., HP Inc., International Business Machines Corp., Microsoft Corp., PricewaterhouseCoopers LLP, SAP SE, Teradata Corp. are a few of the key vendors in the big data services market market.
            North America will register the highest growth rate of 34% among the other regions. Therefore, the big data services market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the big data services market market growth are:
            • growing amount of data
            • Big data in blockchain technology
            The big data services market market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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