Top 11 Companies Powering the Global Big Data Market

IBM Corporation, Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, SAS Institute Inc., Amazon Web Services, Accenture Plc, Adverity, Alteryx, Inc., Novipro, and Splunk Inc., among others, are the major players in the global big data market.

The global big data market reached a value of about USD 271.3 billion in 2022. The market is further expected to grow at a CAGR of about 14.9% in the forecast period of 2023-2028 to reach a value of USD 624.27 billion by 2028. As per the analysis by Expert Market Research, the market is expected to be driven by rising applications in various end use sectors.

Big data is defined as the process of collecting and storing large volumes of data. It deals with complex data sets and efficiently manages data coming from new sources. Big data enables data mining using machine learning, artificial intelligence, and various other advanced analytical systems. It is a system which helps the clients gain comprehensive answers to queries owing to the information it procures by manipulating the data. It also improves data handling in organisations which enhances problem tackling abilities. Hence, the increasing adoption of big data across enterprises and various end use sectors is driving the global big data market.  

Additionally, big data improves the customer experience and bolsters decision making which makes it applicable across various sectors including manufacturing, government, gaming, and healthcare, among others. Increasing investments in automation in these sectors to optimise production and tools, regulate maintenance, facilitate impeccable quality checks, and to augment supply chain management, are expected to add to the big data market. 

The heightened adoption of digital gadgets enabled with internet, such as smartphones and laptops, across enterprises, healthcare units, and large organisations is expected to fuel the market growth for big data in the forecast period. In hospitals and ambulatory surgical centres, big data is used to organise patient data for enhanced security and efficient geriatric monitoring. 

Over the forecast period, the increasing technological advancements in the military and defence sector are expected to garner the big data market growth. This can be attributed to the growing need for enhanced intelligence gathering and error-free evaluation of intrusion risks or foreign attacks. Furthermore, the increasing application of big data solutions in the gaming sector, to facilitate the performance of trials for smooth launches of games, is another crucial factor driving the market growth.

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Top 11 players in the Global Big Data Market

IBM Corporation

IBM Corporation is a leading technology company which provides innovative big data analytical solutions to leverage big data execution in order to analyse the volume, velocity, and variety of data for better insights. The product portfolio of IBM Corporation includes IBM-Cloudera solutions, IBM Db2 Big SQL, and Big Replicate for Hadoop. The company aims at providing high-end big data analytical solutions to improve decision making while providing a positive impact on the customers.

Oracle Corporation

Oracle Corporation is a leading computer software technology company which provides high-quality big data analytics services to assist data professionals and organisations in the management, cataloguing, and manipulation of raw data. The complete and integrated big data analytics solutions offered by Oracle are easy to manage and access, and caters to the diverse demands of the end use sectors. Oracle Corporation also provides expertise in the field of artificial intelligence, BI, machine learning, and cloud applications, among others.

Microsoft Corporation

Microsoft Corporation is a leading technology corporation which provides efficient cloud big data analytics solutions with increased deployment rates, better insights, and greater security. The company also provides real-time and advanced analytics which are deployed across various end use sectors. Microsoft Corporation provides expertise related to artificial intelligence, databases, hybrid + multicloud, media, and Internet of Things (IoT), among others. The cloud-based systems offered by the company are widely adopted across enterprises and organisations.

Hewlett Packard Enterprise Development LP

Hewlett Packard Enterprise Development LP is a leading information technology company which provides advanced big data analytics solutions to enable organisations to get vital insights in order to digitally transform their businesses. This company also provides data storage services, high performance computing, networking, and cloud and on-premise software. It also claims to be a big data powerhouse owing to its efficient storage, servers, and converged systems. The company caters to the data management demands of various end use sectors.

SAS Institute Inc.

SAS Institute Inc. is a renowned software company which produces and markets analytics software and artificial intelligence services, enabling end users to access, manage, and analyse data for improved operational efficiency. The SAS Data Governance solutions offered by this company enhances the efficiency of data storage, allowing faster data mining and improving business output. The data management platforms offered by this company further bolsters the decision making capacity of the users.

Amazon Web Services

Amazon Web Services provide analytics solutions, business applications, databases, developer tools, machine learning services, networking and content delivery, security and compliance, and management and governance, among others. Amazon Web Services also provides expertise in the fields of gaming, Internet of Things, artificial intelligence, robotics, quantum technology, and satellite technology, among others. The big data analytics software and services offered by the company are applied across diverse natured industries across the world.

Accenture Plc

Accenture Plc is a leading information technology company which is also a major consulting and outsourcing company that provides world-class technology services to various end users. The company operates across 120 countries. Data, analytics, and artificial intelligence powered solutions developed by this company are applied across enterprises which expand business growth opportunities. Accenture Plc enhances the data migration, data platform modernisation, and scaled AI and machine learning capabilities through their advanced software and solutions.

Adverity

Adverity is a software company which caters to the demands of various sectors including CPG and retail, telecom, e-commerce, technology, and media and entertainment, among others. This company focuses on automating data integration to cater to the rising data penetration across agencies and enterprises. It also automates interconnectivity, facilitates digital transformation, and governs scalability of data. Adverity also enhances marketing performance for companies, relying on Software as a Service to improve their client reach. 

Alteryx, Inc.

Alteryx, Inc. is a leading analytics automation company which prioritises transparency, inclusion, and breakthroughs. It delivers end-to-end data automation, engineering, analytics, reporting, machine learning, and data science solutions which allows end use organisations to improve their working efficiency. The product portfolio of this company includes designer cloud, intelligence suite, auto insights solutions, and predictive models, among others. Alteryx, Inc. also provides expertise in supply chain management, marketing, human resources, operational analytics, and customer analytics, among others. 

Novipro

Novipro is a computer consultancy company which focusses on business solutions, technological solutions, and cloud business platforms, to improvise networking capabilities. The company also offers personalised solutions to clients along with thought-out recommendations. The critical services provided by this company include business consulting, enterprise software packages, analytics, AI and big data, specialised business building solutions, IT/OT convergence, and internet of things (IoT) analytics, among others. The company also provides storage, hyperconvergence, and convergence. 

Splunk Inc.

Splunk Inc. is a leading software company which provides advanced big data solutions offering advanced threat detection, modernisation of applications, cloud migration, and various cloud-based services which cater to the demands of the aerospace and defence, energy and utility, financial services, healthcare, education, and public sectors, among others. The company also provides big data solutions which enable a company to manage structured, semi-structured, and unstructured data for greater output.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.