Uploaded on Jan 5, 2021
The global big data software market is expected to grow at a CAGR of approximately 13% during the forecast period 2017-2023
Big Data Software Market
Market Highlights
The global big data software market is projected to witness a rapid growth during the forecast
period. High growth opportunities in the emerging economies and high adoption of analytics
software are the major factors driving the growth of this market. Moreover, increasing demand for
big data software across various industry verticals such media & entertainment, IT &
telecommunication, retail, e-commerce etc. is also fueling the growth of the global market.
The global big data software market is projected to reach USD 39 billion at a CAGR of over 13% by
the end of the forecast period 2017-2023.
Segmentation:
The global big data software market is segmented on the basis of by component, data type,
deployment and end-user. Based on the component segment, the market is bifurcated into software
and services. Based on deployment, the market is segmented into cloud and on-premise. And the
end-user segment, is bifurcated into BFSI, government and defense, healthcare and life sciences,
manufacturing, retail, media and entertainment, energy and utility, transportation, IT and
telecommunication and others.
Regional Analysis
The global big data software market, by geography, is segmented into North America, Europe, Asia
Pacific, and Rest of the World. As compared to other regions, the big data software market in North
America is expected to witness a significant growth and hold the largest market share during the
forecast period. The U.S. and Canada are anticipated to drive the growth of the North American big
data software market owing to the presence of a large number of established key players such IBM
(U.S.), Oracle (U.S.), Microsoft (U.S.), HPE (U.S.), SAP (Germany), Amazon Web Services (U.S.), SAS
Institute (U.S.), Dell Technologies (U.S.), Teradata (US), Splunk (U.S.), Palantir Technologies (U.S.), in
this region. Due to the high data generation by enterprises in the region, the market is likely to
show a modest growth in the coming future. Additionally, North America also has a well-
established infrastructure, which allows higher penetration of software devices and ultimately
provides better analysis.
In the global big data software market, Asia Pacific is anticipated to witness a relatively faster
adoption at the highest CAGR during the forecast period as compared to other regions owing to the
large volumes of data generated by BFSI and healthcare industry along with the emerging
economies and technological advancement in big data software in the region.
North America is estimated to account for the largest share of the market, whereas Asia Pacific
market is projected to grow at the fastest rate during the forecast period. The North American
market is witnessing rapid growth due to technological advancements and increasing demand for
mobile application development platforms across different industry verticals in this region. U.S.
holds a majority of the market share both in terms of revenue as well as adoption of digitized
platforms.
Key Players
Some of the prominent players in the global big data software market: IBM (U.S.), Oracle (U.S.),
Microsoft (U.S.), HPE (U.S.), SAP (Germany), Amazon Web Services (US), SAS Institute (U.S.), Dell
Technologies (U.S.), Teradata (US), Splunk (U.S.), Palantir Technologies (U.S.), Cloudera (U.S.),
Hitachi (Japan), Guavus (U.S.), 10data (U.S.) and others.
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