As per the report by Fortune Business Insights, the global Big Data Analytics Market size is projected to reach USD 745.15 billion by 2030, at a CAGR of 13.5% during the forecast period.
Pune,India, April 28, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global big data analytics market size was valued at USD 271.83 billion in 2022 and is projected to grow from USD 307.52 billion in 2023 to USD 745.15 billion by 2030, exhibiting a CAGR of 13.5% during the forecast period.
Big data analytics analyzes structured and unstructured databases to recognize and supply insights primarily based on hidden patterns, correlation, converting marketplace trends, and more, leading the sector's awareness of using analytical gear to accumulate client insights via evolving enterprise intelligence.
Key Industry Development:
Salesforce launched CRM Analytics in all sectors. CRM Analytics is an AI-powered analytics and facts platform that lets in Salesforce clients throughout each area to provide predictive insights and additionally allows clients to position any facts in the middle of CRM.
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Key Takeaways:
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Big Data Analytics Market is expected to flourish & reach USD 745.15 Billion in 2030
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The amount of linked IoT devices has increased as a result of the Internet of Things (IoT), machine learning (ML) algorithms, and artificial intelligence (AI) technologies' rapid adoption.
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Data is greatly increased by the expanding use of digital solutions across corporate sectors, including banking, healthcare, BFSI, retail, agriculture, and telecom/media.
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During the projected period, the data discovery and visualisation segment is anticipated to obtain the largest segment share.
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Big Data Analytics Market Size in North America was USD 101.06 Billion 2022
Discover the Leading Players Featured in the Report:
IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), SAS Institute Inc. (U.S.), Fair Isaac Corporation (U.S.), Oracle Corporation (U.S.), Salesforce Inc. (U.S.), Equifax, Inc. (U.S.), TransUnion (U.S.), QlikTech International AB (U.S.)
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 13.5% |
| 2030 Value Projection | USD 745.15 Billion |
| Base Year | 2022 |
| Big Data Analytics Market Size in 2022 | USD 271.83 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 150 |
| Segments covered | Component, Enterprise, Application, Vertical, Regional |
Browse Complete Report Details: https://www.fortunebusinessinsights.com/big-data-analytics-market-106179