The big data infrastructure global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Big Data Infrastructure Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The big data infrastructure market size has grown exponentially in recent years. It will grow from $171.96 billion in 2023 to $209.04 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to data explosion, business intelligence needs, regulatory compliance, rise of machine learning and AI (artificial intelligence), increased connectivity.
The big data infrastructure market size is expected to see exponential growth in the next few years. It will grow to $452.50 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to continued data growth, edge computing, enhanced security measures, AI integration in infrastructure management, industry-specific solutions. Major trends in the forecast period include technology advancements, cloud adoption, hybrid and multi-cloud adoption, containerization and microservices architecture, industry-specific customization.
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Scope Of Big Data Infrastructure Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Big Data Infrastructure Market Overview
Market Drivers –
The increasing adoption of cloud computing is expected to propel the growth of the big data infrastructure market going forward. Cloud computing refers to the delivery of computing services, including storage, processing power, databases, networking, analytics, and software, over the Internet (the cloud) to provide convenient, on-demand access to a shared pool of configurable computing resources. The adoption of cloud computing arises because of the increasing demand for data backup solutions, scalability, and rapid deployment of new services and applications. Big data infrastructure is utilized in cloud computing to support the processing and analysis of large and complex datasets and analyze large volumes of data, benefiting from the scalability, cost-effectiveness, and flexibility provided by cloud environments. For instance, in September 2022, according to reports shared by AAG IT Services, a US-based digital transformation service provider, 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services in 2022. This marked an increase from 59% in 2021 to 53% in 2020. Therefore, the increasing adoption of cloud computing is driving the growth of the big data infrastructure market.
Market Trends –
Major companies operating in the big data infrastructure are adopting a strategic partnership approach to provide innovative and cost-effective solutions for their clients. Strategic partnerships are critical in driving the adoption and evolution of big data infrastructure, allowing enterprises to harness the power of data for competitive advantage and corporate growth. For instance, in October 2023, NetApp Inc., a US-based intelligent data infrastructure company, partnered with Ducati Corse, an Italy-based manufacturer of sport-inspired motorcycles, to introduce a co-engineered data management and insights solution. This partnership focuses on revolutionizing Ducati’s data infrastructure to accelerate elite motorcycle racing data analysis, ensuring near-real-time data sharing and analytics to enhance software development, design, and engineering processes at Ducati. The co-engineered solution from NetApp and Ducati Corse leverages data management principles that might touch upon big data infrastructure concepts because of the potential volume and complexity of the data involved.
The big data infrastructure market covered in this report is segmented –
1) By Type: Storage, Server, Networking
2) By Deployment: Cloud, On Premises, Hybrid
3) By Organization Size: Small And Medium Sized Enterprises (SMEs), Large Enterprises
4) By End-User: Banking Financial Services Insurance (BFSI), Government And Defense, Healthcare And Life Sciences, Information Technology And Telecommunications, Other End-Users
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Regional Insights –
North America was the largest region in the big data infrastructure market in 2023. The regions covered in the big data infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the big data infrastructure market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services (AWS), Hitachi Data Systems, Intel Corporation, International Business Machine Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise (HPE), Palantir Technologies, Teradata Corporation, Informatica LLC, Snowflake Inc., MongoDB Inc., Confluent Inc., Talend SA, Redis Ltd., Cloudera Inc., DataStax Inc., Couchbase Inc., Hortonworks Inc., Clustrix Inc., MapR Technologies India Pvt. Ltd., Syncsort Inc.
Table of Contents
1. Executive Summary
2. Big Data Infrastructure Market Report Structure
3. Big Data Infrastructure Market Trends And Strategies
4. Big Data Infrastructure Market – Macro Economic Scenario
5. Big Data Infrastructure Market Size And Growth
…..
27. Big Data Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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