Big Data Infrastructure Market Size, Product Trends, Key Drivers, Share Analysis And Forecast To 2033
Posted by Sushmitha on May 21st, 2024
Overview and Scope
Big data infrastructure refers to the underlying framework or architecture designed to efficiently store, process, manage, and analyze large volumes of structured and unstructured data. The aim of big data infrastructure is to provide scalable and dependable storage solutions, effective data processing capabilities, and advanced analytics tools for extracting useful insights and knowledge from large datasets.
Sizing and Forecast
The big data infrastructure market size has grown exponentially in recent years. It will grow from 1.96 billion in 2023 to 9.04 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 2.50 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The big data infrastructure market report table of contents includes:
1. Executive Summary
2. Big Data Infrastructure Market Characteristics
3. Big Data Infrastructure Market Trends And Strategies
4. Big Data Infrastructure Market - Macro Economic Scenario
5. Global Big Data Infrastructure Market Size and Growth
....
32. Global Big Data Infrastructure Market Competitive Benchmarking
33. Global Big Data Infrastructure Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Big Data Infrastructure Market
35. Big Data Infrastructure Market Future Outlook and Potential Analysis
36. Appendix
