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Global Big Data and Business Analytics Market to reach USD 441.90 billion by 2027

Global Big Data and Business Analytics Market Size study, by Component (Hardware, Software and Service), By Deployment Model (On-premises and Cloud), By Analytics Tools (Dashboard & Data Visualization, Data Mining & Warehousing, Self-service Tools, Reporting and Others, By Application( Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Spatial Analytics, Workforce Analytics, Risk & Credit Analytics , Transportation Analytics), By Industry Vertical(BFSI, Manufacturing, Healthcare, Government, Energy & Utilities, Transportation, Retail & E-commerce, IT &, Telecom, Education and others) and Regional Forecasts 2020-2027

Product Code: IACTBAC_96752935
Publish Date: 14-12-2020
Page: 200

Global Big Data and Business Analytics Market is valued approximately USD 193.14 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.90 % over the forecast period 2020-2027. Big Data and Business Analytics is a method by which companies examine large set of data for uncovering useful information to increase decision-making capability. In addition, it enables organizations to uncover useful information such as business analytics and big data market trends, discover hidden patterns, customer preference and various unknown facts from the data. Also, the organizations are adopting big data analytics to increase their analytics skills, enhance profit and to improve the risk management capability. Additional, big data analytics further helps businesses to better understand the information contained within the data and provide data that is important for enterprises. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the surge in adoption of big data analytics software by analyzing and acting upon information in a timely manner significantly towards the growth of the market. Also, increase in demand for cloud-based big data analytics software among medium and small enterprises positively impact the growth of the market. As per the New Vantage Partners, the number of firms investing more than $500 million annually in big data has grown from 12.7% in 2018 to 21.1% in 2019. Also, businesses are spending $187 billion on big data and analytics in 2019, according to the Worldwide Semi-annual Big Data and Analytics Spending Guide released by IDC. As in January 2019, Secova launched a new SaaS Benefits Administration platform named iPlan to support and streamline administering benefits for small to mid- sized organizations with a creative user interface. iPlan’s cloud based, Mobile friendly, employee-facing tool comes with a shopping cart style experience to enable an informed and educated benefits elections. However, high implementation cost and dearth of skilled workforce is hampering the growth of the market during the forecast period of 2020-2027.

The regional analysis of global Big Data and Business Analytics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the surge in demand for digital transformation across numerous end users and increase in convergence of different technologies, such as artificial intelligence (AI) and big data & analytic. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Amazon Web Services
Fair Isaac Corporation
IBM Corporation
Microsoft Corporation
Oracle Corporation
Hewlett Packard Enterprise Development LP
SAP SE
SAS Institute Inc.
TIBCO Software Inc.
Teradata Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software
Service
By Deployment Model:
On-premise
Cloud
By Analytics Tools:
Dashboard & Data Visualization
Data Mining & Warehousing
Self-service Tools
Reporting
Others
By Application:
Customer Analytics
Supply Chain Analytics
Marketing Analytics
Pricing Analytics
Spatial Analytics
Workforce Analytics
Risk & Credit Analytics
Transportation Analytics
By Industry Vertical:
BFSI
Manufacturing
Healthcare
Government
Energy & Utilities
Transportation
Retail & E-commerce
IT & Telecom
Education
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Big Data and Business Analytics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Big Data and Business Analytics Market, by Region, 2018-2027 (USD Billion)
1.2.2. Big Data and Business Analytics Market, by Component 2018-2027 (USD Billion)
1.2.3. Big Data and Business Analytics Market, by deployment model 2018-2027 (USD Billion)
1.2.4. Big Data and Business Analytics Market, by Analytics Tool 2018-2027 (USD Billion)
1.2.5. Big Data and Business Analytics Market, by Industry Vertical 2018-2027 (USD Billion)
1.2.6. Big Data and Business Analytics Market, by Application 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Big Data and Business Analytics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Big Data and Business Analytics Market Dynamics
3.1. Big Data and Business Analytics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Big Data and Business Analytics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Big Data and Business Analytics Market, by Component
5.1. Market Snapshot
5.2. Global Big Data and Business Analytics Market by Component , Performance – Potential Analysis
5.3. Global Big Data and Business Analytics Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Big Data and Business Analytics Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Service
Chapter 6. Global Big Data and Business Analytics Market, by Deployment Model
6.1. Market Snapshot
6.2. Global Big Data and Business Analytics Market by Deployment Model, Performance – Potential Analysis
6.3. Global Big Data and Business Analytics Market Estimates & Forecasts by Deployment Model 2017 -2027 (USD Billion)
6.4. Big Data and Business Analytics Market, Sub Segment Analysis
6.4.1. On-premise
6.4.2. Cloud
Chapter 7. Global Big Data and Business Analytics Market, by Analytics Tools
7.1. Market Snapshot
7.2. Global Big Data and Business Analytics Market by Analytics Tools , Performance – Potential Analysis
7.3. Global Big Data and Business Analytics Market Estimates & Forecasts by Analytics Tools 2017 -2027 (USD Billion)
7.4. Big Data and Business Analytics Market, Sub Segment Analysis
7.4.1. Dashboard & Data Visualization
7.4.2. Data Mining & Warehousing
7.4.3. Self-service Tools
7.4.4. Reporting
7.4.5. Others
Chapter 8. Global Big Data and Business Analytics Market, by Application
8.1. Market Snapshot
8.2. Global Big Data and Business Analytics Market by Application , Performance – Potential Analysis
8.3. Global Big Data and Business Analytics Market Estimates & Forecasts by Application 2017 -2027 (USD Billion)
8.4. Big Data and Business Analytics Market, Sub Segment Analysis
8.4.1. Customer Analytics
8.4.2. Supply Chain Analytics
8.4.3. Marketing Analytics
8.4.4. Pricing Analytics
8.4.5. Spatial Analytics
8.4.6. Workforce Analytics
8.4.7. Risk & Credit Analytics
8.4.8. Transportation Analytics
Chapter 9. Global Big Data and Business Analytics Market, by Industry Vertical
9.1. Market Snapshot
9.2. Global Big Data and Business Analytics Market by Industry Vertical , Performance – Potential Analysis
9.3. Global Big Data and Business Analytics Market Estimates & Forecasts by Industry Vertical 2017 -2027 (USD Billion)
9.4. Big Data and Business Analytics Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. Manufacturing
9.4.3. Healthcare
9.4.4. Government
9.4.5. Energy & Utilities
9.4.6. Transportation
9.4.7. Retail & E-commerce
9.4.8. IT & Telecom
9.4.9. Education
9.4.10. Others
Chapter 10. Global Big Data and Business Analytics Market, Regional Analysis
10.1. Big Data and Business Analytics Market, Regional Market Snapshot
10.2. North America Big Data and Business Analytics Market
10.2.1. U.S. Big Data and Business Analytics Market
10.2.1.1. Component breakdown estimates & forecasts, 2017-2027
10.2.1.2. Deployment Model breakdown estimates & forecasts, 2017-2027
10.2.1.3. Analytic Tool breakdown estimates & forecasts, 2017-2027
10.2.1.4. Industry Vertical breakdown estimates & forecasts, 2017-2027
10.2.1.5. Application breakdown estimates & forecasts, 2017-2027
10.2.2. Canada Big Data and Business Analytics Market
10.3. Europe Big Data and Business Analytics Market Snapshot
10.3.1. U.K. Big Data and Business Analytics Market
10.3.2. Germany Big Data and Business Analytics Market
10.3.3. France Big Data and Business Analytics Market
10.3.4. Spain Big Data and Business Analytics Market
10.3.5. Italy Big Data and Business Analytics Market
10.3.6. Rest of Europe Big Data and Business Analytics Market
10.4. Asia-Pacific Big Data and Business Analytics Market Snapshot
10.4.1. China Big Data and Business Analytics Market
10.4.2. India Big Data and Business Analytics Market
10.4.3. Japan Big Data and Business Analytics Market
10.4.4. Australia Big Data and Business Analytics Market
10.4.5. South Korea Big Data and Business Analytics Market
10.4.6. Rest of Asia Pacific Big Data and Business Analytics Market
10.5. Latin America Big Data and Business Analytics Market Snapshot
10.5.1. Brazil Big Data and Business Analytics Market
10.5.2. Mexico Big Data and Business Analytics Market
10.6. Rest of The World Big Data and Business Analytics Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Amazon Web Services
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Fair Isaac Corporation
11.2.3. IBM Corporation
11.2.4. Microsoft Corporation
11.2.5. Oracle Corporation
11.2.6. Hewlett Packard Enterprise Development LP
11.2.7. SAP SE
11.2.8. SAS Institute Inc.
11.2.9. TIBCO Software Inc.
11.2.10. Teradata Corporation
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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