LONDON–(BUSINESS WIRE)–The big data services market is expected to grow by USD 64.27 billion, progressing at a CAGR of over 30% during the forecast period.
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The growing amount of data is one of the major factors propelling market growth. However, factors such as adhering to diverse client requirement will hamper the market growth.
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Big Data Services Market: End user Landscape
In the BFSI sector, big data services are opted to make respective models of trading, fund management, and risk control. With the growth of big data in terms of volume, variety, and complexity, big data analysis is useful for banks to generate useful insights leading to improved performance. Market growth in this segment will be slower than the growth of the market in the telecom and retail segment.
Big Data Services Market: Geographic Landscape
North America was the largest big data services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rise in data generation across various industries due to the increase in digital transformation such as the digitalization of workspace and access through mobile apps and websites will significantly drive big data services market growth in this region over the forecast period. 34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for big data services in North America. Market growth in this region will be slower than the growth of the market in APAC.
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Companies Covered:
- Accenture Plc
- Atos SE
- Datameer Inc.
- Deloitte Touche Tohmatsu Ltd.
- HP Inc.
- International Business Machines Corp.
- Microsoft Corp.
- PricewaterhouseCoopers LLP
- SAP SE
- Teradata Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- BFSI – Market size and forecast 2019-2024
- Telecom – Market size and forecast 2019-2024
- Retail – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Atos SE
- Datameer Inc.
- Deloitte Touche Tohmatsu Ltd.
- HP Inc.
- International Business Machines Corp.
- Microsoft Corp.
- PricewaterhouseCoopers LLP
- SAP SE
- Teradata Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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