Market Size (2017)
2017
—
ICT
Big Data Market
By Segment, By Region, And Segment Forecasts, 2017 – 2023
Vertical: ICTBase Year: 20189 Sections
Executive Summary
Big Data Market — Snapshot
Projected (2023)
2023
—
CAGR (2017–2023)
N/A
Key Players
100+
Big data refers to a framework that allows the analysis and management of a larger amount of data than the traditional data processing technologies. Big data supposes a change from the traditional techniques in three different ways: the amount of data, the rate of data generation and transmission, and the types of structured and unstructured data. The era of big data is producing unprecedented amounts of data points giving greater insights, which help in driving extensive research, better business decisions, and greater value for customers. The increasing adoption of the internet and the growing demand of e-commerce is boosting the demand for big data analytics as it helps organizations in collecting and managing a large amount of data. The use of big data analytics, for instance, in e-commerce, is to manage huge quantities of the transaction, click-stream, voice, and video data in e-commerce. A big data system usually contains an enormous amount of personal information and data privacy is the primary concern of big data security techniques. Enterprises have to maintain a strategic plan for ensuring the security of big data stored in on-premise and cloud servers.
Big data analytics is used across industries to drive customer traffic to gain a competitive advantage. The companies have a huge amount of used data analytics that helps to direct their strategy to maximize profits. The companies are using clouds and analytics that could help businesses to store, interpret, and process their big data. These data are further used to fulfill the customer’s requirement in the organizations. With the use of big data analytics, the business would be able to create data-driven applications and enhance business agility and productivity while reducing costs. The emerging technologies such as private, public, and hybrid cloud, are rapidly changing and are thus increasing the demand of big data in the market. It helps in determining a large amount of big data that can solve an organization’s business problems and align opportunities. The demand for cloud computing has witnessed a massive growth in a short span of time, which is expected to drive the growth of the big data analytics cloud-based services in the coming years.
The global big data market is expected to grow at a 13.35% CAGR during the forecast period, 2018–2023. In 2017, the market was led by North America with 45.0% share, followed by Europe, and Asia-Pacific with shares of 28.7% and 17.4% respectively. There has been significant growth in the adoption of cloud-based solutions and services in China, Japan, Germany, and the US.
The global big data market has been segmented based on component, technology, deployment, organization size, end users, and region. Among end users, IT segment accounted for the largest market share in 2017, with a market value of USD 7,639.4 million, which is projected to grow at a CAGR of 13.69% during the forecast period. Based on organization size, SMEs accounted for the largest market in 2017, with a market value of USD 23,106.4 million, whereas, the large enterprises segment is projected to grow at a CAGR of 12.07%.
Market Size
· 2017: USD 38,754.2 Million
· 2023: USD 81,543.0 Million
CAGR
13.3%
Key Geographies CAGR, 2018-2023 (%)
· Asia-Pacific: 16.7%
· North America: 12.4%
· Europe: 13.6%
· Rest of the World: 9.6%
Key Leading Countries/Region
· US
· UK
· China
· Middle East & Africa
Key Market Drivers
Increasing variety and volume of business data generated from various sources
Rising need for business data to improve efficiency
Key Market Opportunities
Demand for a common unified platform for information storage
Key Vendors
IBM Corporation
Splunk Inc
Dell Inc
Oracle Corporation
Amazon Web Services
Key Insight
Big Data Market is a key focus area for market intelligence and strategic research.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This report provides global coverage with region-level breakdowns.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2017 to 2023.
- Competitive Landscape: 100 leading companies are profiled, covering market positioning, strategies, and recent developments.
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View Subscription PlansMarket Overview
Big Data Market — Growth Trajectory
Big data refers to a collection of data sets that are considerably large and complex in nature. It is one of the most disruptive technologies of this decade and is widely being adopted across different end-use verticals. The implementation of big data solutions and services has had a great impact on the digital transformation of operations. The volume of data generated globally is growing each day. This growth can be attributed to the increasing use of the Internet and rising adoption of smartphones. Moreover, the increasing popularity of social networking is responsible for generating high volumes of data.
Market Share by Application
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View Subscription PlansMarket Dimensions
How this market is segmented
- Segmentation The Big Data Market market is analyzed across multiple dimensions with regional breakdowns.
Geographic Analysis
Regional market breakdown
Research Methodology
Big Data Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2023
Primary Interviews
150+
Research Process
Historical data (2017–2018) and forecast period (2018–2023)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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Analytics
Big Data Market — Key Findings
Analytical insights on Big Data Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
Big Data Market represents a significant market opportunity with multiple growth drivers across regions and segments.
Market Dynamics
Big data refers to a collection of data sets that are considerably large and complex in nature. It is one of the most disruptive technologies of this decade and is widely being adopted across different end-use verticals. The implementation of big data solutions and services has had a great impact on the digital transformation of operations. The volume of data generated globally is growing each day. This growth can be attributed to the increasing use of the Internet and rising adoption of smartphones. Moreover, the increasing popularity of social networking is responsible for generating high volumes of data.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Companies
Key companies profiled in Big Data Market
Profiles of 100 companies operating in the Big Data Market market, including revenue, employee count, and market positioning where available.
Showing 100 of 100 companies
Siemens En
Siemens Energy
ICT
Company Headquarters: Munich, Germany Founded: 1866 Workforce: ~ 91,000 Company Working: Siemens Energy is a global leader in energy technology and solutions. The company focuses on providing innovative products, services, and solutions across the entire energy value chain. Siemens Energy specializes in various areas, including power generation, transmission, and distribution. Its diverse portfolio encompasses gas and steam turbines, wind turbines, generators, transformers, grid solutions, and energy storage systems. The company is committed to sustainable energy solutions and aims to play a crucial role in the global energy transition towards a low-carbon future. With a strong emphasis on digitalization and decarburization, Siemens Energy actively develops advanced technologies such as AI, IoT, and digital twins to enhance energy efficiency and operational performance. The company collaborates with customers, partners, and stakeholders to deliver reliable, efficient, and environmentally friendly solutions to meet the world's evolving energy needs.
Revenue$29.7B
Employees91,000
Market CapN/A
Founded1865
Munich, Germany
Applus+
Applus+
ICT
Company Headquarters: Madrid Founded: 1996 Workforce: ~ 25,000 Company Working: Applus+ is a leader in the testing, inspection, and certification sector. Applus+ is a trusted partner, enhancing the quality and safety of clients’ assets and infrastructures while safeguarding their operations and improving their environmental performance. Its innovative approach, technical capabilities, and highly skilled and motivated workforce assure operational excellence across multiple sectors in more than 70 countries. Applus+ offers a complete portfolio of solutions that address a range of needs, from asset integrity management to statutory compliance-based inspections. It places a strong emphasis on technological development, digitalization, and innovation, as well as having the latest knowledge of regulatory requirements.
Revenue$0.0B
Employees25,000
Market CapN/A
Founded1995
Madrid
Vestas
Vestas
ICT
Company Headquarters: Denmark Founded: 1945 Workforce: ~28,438 Company Working: Vestas is a manufacturer, seller, installer, and servicer of wind turbines. The company mainly operates in two segments including power solutions and services. The power solutions include offshore & onshore wind power plant, turbines, development sites, and others and services segment consist of spare parts, service contracts and others. Vestas sustainable energy solutions have averted 1.5 billion tonnes3 of CO2 emissions into the environment and assisted in creating a more sustainable energy system, with +164 GW of wind turbines built in 88 countries.
Revenue$0.0B
Employees28,438
Market CapN/A
Founded1944
Denmark
TUV SUD
TUV SUD
ICT
Company Headquarters: Germany Founded: 1866 Workforce: ~26,000 Company Working: TUV SUD is a global testing, inspection & certification provider company. TUV SUD divided its operations into three segments including industry, mobility, and certification. Further, it offers auditing & system certification, testing services, product certification, inspection, technical advisory, global market access, training, risk management services for chemical & process, manufacturing, retail, consumer goods, energy, mobility & automotive, infrastructure & rail industries globally. TUV SUD provided more than 605,000 certificates to approximately 1,000 locations worldwide.
Revenue$0.0B
Employees26,000
Market CapN/A
Founded1865
Germany
Vaisala
Vaisala
ICT
Company Headquarters: Finland Founded: 1936 Workforce: ~2,200 Company Working: Vaisala is an industrial instrument and environmental product and services provider company. Vaisala offers sensors and monitoring products for its clientele. It also provides calibration, maintenance & upgrade, remote & digital, technical support, project and training services to different industrial sectors such as automotive, chemical, energy & utilities, healthcare & life science, food & beverages, and others. The company has its wide geographic presence in in more than 17 countries and is operating through more than 25 offices globally.
Revenue$0.0B
Employees2,200
Market CapN/A
Founded1935
Finland
Bureau Ver
Bureau Veritas
ICT
Company Headquarters: France Founded: 1828 Workforce: ~82,000 Company Working: Bureau Veritas is a global laboratory testing, inspection, and certification services provider. Bureau Veritas assists its 400,000 clients in improving their performance by providing services and innovative solutions to ensure that their assets, products, infrastructure, and processes meet quality, health and safety, environmental protection, and social responsibility standards and regulations. The company provides solutions and services to the agri-food, automotive & transport, buildings & infrastructure, consumer products & retail, cybersecurity, commodities, cross-market services, marine & offshore, oil & gas, power & utilities. The group is actively working with approximately 1,600 offices and laboratories across the world.
Revenue$0.0B
Employees82,000
Market CapN/A
Founded1827
France
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Big Data Market
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