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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 Big Data Services Market - 2021-2025

The big data services market size is expected to reach a value of USD 99.39 billion, at a CAGR of 34.52% during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the growing amount of data are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Big Data Services Market Size

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Big Data Services Market Segments

Navigate through market segmentation by end-user (BFSI, telecom, retail, and others) and geography (North America, Europe, APAC, South America, and MEA) in this big data services market report to pursue growth opportunities.

Get actionable insights on the big data services market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic big data services market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Big Data Services Market Vendors and Competitive Analysis

The big data services market is fragmented and the vendors are deploying growth strategies such as launching products and services in developing economies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full big data services market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Big Data Services Market Vendors

Big Data Services Market - Region Opportunities 2021-2025

34% of the big data services market growth will originate from North America during the forecast period. The US and Canada are the key markets for big data services in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Big Data Services Market Share by Geography

North America has been exhibiting a significant growth rate for big data services market vendors. Factors such as the increase in data generation across various industries, such as retail, BFSI, healthcare, and public sectors are accelerating the big data services market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The big data services market share growth in North America will be faster than the growth of the market in APAC, MEA, and South America. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Big Data Services Market Insights by End-user

Big Data Services Market Share by End-user

To gain further insights on the market contribution of various segments Request for a FREE Sample!

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.

From the big data services market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Big Data Services Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding big data services market growth is adhering to diverse client requirements. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The growing amount of data will fuel the growth of the big data services market size. 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.

This big data services market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Big Data Services Market Report Outlook

  • 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 market across 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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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
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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
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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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The big data services market growth will increase by $64277.63 million during 2019-2024.
The big data services market is expected to grow at a CAGR of 30.40% during 2019-2024.
Technavio has segmented the big data services market by end user (BFSI, Telecom, Retail, and Others) and geographic (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.
North America will register the highest growth rate of 34.25% among the other regions. Therefore, the big data services 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 growth are:
  • Growing amount of data
  • Big data in blockchain technology
The big data services market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
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