Big Data & Business Analytics
Big Data & Business Analytics Market by Component (Services, Solutions), Analytics Tools (Dashboard & Data Visualization, Data Mining & Warehousing, Reporting), Deployment Mode, Application, End User - Global Forecast 2024-2030
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the big data & business analytics market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[180 Pages Report] The Big Data & Business Analytics Market size was estimated at USD 341.84 billion in 2023 and expected to reach USD 397.45 billion in 2024, at a CAGR 16.36% to reach USD 987.49 billion by 2030.

Big data and business analytics are iterative, methodical explorations of an organization's structured, semi-structured, and unstructured data, underscoring statistical analysis. It is utilized by companies committed to data-driven decision-making to gain insights that inform business decisions and optimize and automate business processes. The exponential increase in data generated by digital activities and the advent of IoT and smart devices lead to a greater need for data analytics solutions. However, the increasing concerns regarding data privacy and security, with the growing risk of data breaches, hinder the adoption of big data and business analytics. Moreover, the development of enhanced data security measures, the creation of user-friendly analytics interfaces for non-technical users, the advancement of real-time analytics, and research into ethical AI and unbiased algorithms are anticipated to create lucrative opportunities for the big data and business analytics industry.
Big Data & Business Analytics Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the Big Data & Business Analytics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing need to analyze and harness vast amount of data
    • Increasing adoption of big data and business analytics among end use industries
  • Market Restraints
    • Dearth of skilled professionals and complicated associated with reporting and analyzing multiple systems
  • Market Opportunities
    • Expanding adoption by transportation and supply chain management industry
    • Integration with emerging social media analytics
  • Market Challenges
    • Concern associated with the security and privacy of data
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Big Data & Business Analytics Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Big Data & Business Analytics Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Big Data & Business Analytics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Big Data & Business Analytics Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Big Data & Business Analytics Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Big Data & Business Analytics Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Big Data & Business Analytics Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Big Data & Business Analytics Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Big Data & Business Analytics Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Big Data & Business Analytics Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Big Data & Business Analytics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Big Data & Business Analytics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Big Data & Business Analytics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Big Data & Business Analytics Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Acuvate, Adobe Inc., Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Dell Technologies Inc., Elinext IT Solutions Ltd., Fair Isaac Corporation, Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Hitachi, Ltd., International Business Machines Corporation, LTIMindtree Limited by Larsen & Toubro Ltd., Micro Focus International PLC by OpenText Corporation, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata Corporation, ThoughtSpot Inc., VMware, Inc., and Wipro Limited.

Big Data & Business Analytics Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Big Data & Business Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
    • Solutions
  • Analytics Tools
    • Dashboard & Data Visualization
    • Data Mining & Warehousing
    • Reporting
    • Self-Service Tools
  • Deployment Mode
    • On-Cloud
    • On-Premise
  • Application
    • Customer Analytics
    • Marketing Analytics
    • Pricing Analytics
    • Risk & Credit Analytics
    • Spatial Analytics
    • Supply Chain Analytics
    • Transportation Analytics
    • Workforce Analytics
  • End User
    • Academia & Research
    • Aerospace & Defense
    • Automotive, Logistics & Transportation
    • Banking, Financial Services & Insurance
    • Consumer Goods & Retail
    • Energy & Utility
    • Government & Public Sector
    • Healthcare & Life Sciences
    • IT & Telecommunication
    • Manufacturing
    • Media & Entertainment

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Big Data & Business Analytics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Big Data & Business Analytics Market, by Component
  7. Big Data & Business Analytics Market, by Analytics Tools
  8. Big Data & Business Analytics Market, by Deployment Mode
  9. Big Data & Business Analytics Market, by Application
  10. Big Data & Business Analytics Market, by End User
  11. Americas Big Data & Business Analytics Market
  12. Asia-Pacific Big Data & Business Analytics Market
  13. Europe, Middle East & Africa Big Data & Business Analytics Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 490]
  18. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Big Data & Business Analytics Market?
    Ans. The Global Big Data & Business Analytics Market size was estimated at USD 341.84 billion in 2023 and expected to reach USD 397.45 billion in 2024.
  2. What is the Big Data & Business Analytics Market growth?
    Ans. The Global Big Data & Business Analytics Market to grow USD 987.49 billion by 2030, at a CAGR of 16.36%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.