Big Data and Business Analytics Market Size is Projected to Reach USD 512.04 Billion by 2026 - Valuates Reports

Big Data and Business Analytics Market Size is Projected to Reach USD 512.04 Billion by 2026 - Valuates Reports

PR Newswire

BANGALORE, India, June 3, 2020

BANGALORE, India, June 3, 2020 /PRNewswire/ -- In many organisations, business analytics focuses on one core metric, and that is the organization's financial and operational analytics. On the other hand, 'Big Data' helps in storage, retrieval and analysis of large and complex data there by automating business analytics by identifying trends from a wider variety of data coming in from all directions and letting the organization make better data driven decisions.

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The global Big Data and Business Analytics Market size was valued at $171.39 Billion in 2018 and is projected to reach $512.04 Billion by 2026, growing at a CAGR of 14.80 percent between 2019 and 2026.

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TRENDS INFLUENCING THE BIG DATA AND BUSINESS ANALYTICS MARKET SIZE

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Big Data And Business Analytics Market Share Analysis

BIG DATA AND BUSINESS ANALYTICS KEY MARKET SEGMENTS:

By Component

By Deployment Mode

By Analytics Tools

By Application

By Industry Vertical

By Region

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Key Market Players

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SIMILAR REPORTS

The big data market's major growth drivers include growing awareness among organizations for the Internet of Things ( IoT) application, growing the availability of data across the enterprise to obtain deeper insights, and increasing government investments in different regions to improve digital technologies.

Continued use of big data will impact the way business intelligence is perceived and used by organizations. Some big data trends involve new concepts, while others mix and merge different Big Data-based technologies. For example, machine learning is being merged with analytics and voice responses while working in real-time. Another example is combining blockchain with the internet of things (IoT).

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The Global Big Data Protection Market size was USD 14.540 Billion in 2019 and is projected to hit USD 27.790 Billion by the end of 2026, with a CAGR of 9.6 percent in 2021-2026.

This report focuses on the global status of Big Data Security, future projections, opportunities for growth, key market, and key players. The purpose of this study is to present the growth of Big Data Protection in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

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With over more than a quarter of the total Big Data in Oil and Gas Market share, North America is expected to be the dominant region during the forecast period. Europe is also expected to see significant demand over the forecast period as the administrative and government sectors are increasingly focused on scaling up operational performance and rising utilization.

The Asia Pacific is expected to be one of the fastest-growing big data markets in light of various developments in emerging economies like India and China, which are expected to turn to big data for making any kind of strategic decisions.

This report studies the size of the global Big Data market in oil and gas, the status and prediction of the industry, the competitive landscape, and the opportunities for growth. This research report categorizes the global oil and gas Big Data market by companies, country, size, and end-use industries.

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In 2017, the global Big Data Analytics in Healthcare Market size was US$ 11.900 Billion and was projected to hit US$ 48.500 Billion by the end of 2025, with a CAGR of 19.2 percent in 2018-2025.

Technological advancements and the widespread usage of cloud computing systems led to the acceptance of big data analytics in North America's healthcare industry. Increasing the adoption of big data analytics for healthcare-related applications, such as cost-effective medication, population health insurance planning, and diagnostic approaches in the

Asia-Pacific region, has also encouraged vendors to invest in big data analytics in the healthcare market for product development.

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Global big data as a service market size in 2018 was estimated at USD 4.99 Billion and is expected to hit USD 61.42 Billion by 2026, representing a 36.9 percent CAGR from 2019 to 2026.

Big Data as a Service (BDaaS) is a cloud-based platform that provides organizations with end-to-end big data solutions on their request. BDaaS can be specified as the combined structure of Hadoop-as-a-Service (HaaS), Data-as-a-Service ( DaaS), and Data Analytics-as-a-Service ( DAaaS).

As cloud-based data analytics tools are increasingly used, the global Big Data as a Service (BDaaS) market is expected to see significant growth in the coming years.

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This study focuses on the status of Cloud-based Big Data Market size, future outlook, growth potential, key industry, and key players. The objective of the analysis is to present the software products of the Cloud-based Big Data Market in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

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This study focuses on the global status of big data for small and medium-sized enterprises, future projections, growth potential, key industry, and key players. The aims of the study are to present the growth of SME Big Data in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

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