The Global Data Analytics Market Size accounted for USD 31.8 Billion in 2021 and is projected to occupy a market size of USD 329.8 Billion by 2030 growing at a CAGR of 29.9% from 2022 to 2030.
Data analytics is a collection of tools, technologies, procedures, and methodologies that an organization uses to maximize financial gain from data. Every day, businesses all over the world produce enormous amounts of data in the form of files, transactional data, web servers, and data pertaining to customers. The generation of such a large amount of data makes it challenging for experts to manually analyze the data. As a result, data analytics is employed, which can analyze vast amounts of data and assist organizations in making crucial business decisions. Some of the key trends of data analytics industry include decision intelligence, data stories, augmented analytics, data cloud services, edge computing, and blockchain for data among others.
Data Analytics Market Report Statistics
- Global data analytics market revenue is projected to reach USD 329.8 Billion by 2030 with a CAGR of 29.9% from 2022 to 2030
- As per our predictions, the big data industry is expected to generate more than USD 473 billion revenue by 2030
- According to recent statistics, 2.5 quintillion bytes worth of data is generated each day globally
- Current assumptions tell that there is over 44 zetabytes of data present in the world
- North America data analytics market share generated over US$ 14.6 billion in revenue in 2021
- Asia-Pacific data analytics market growth will record CAGR of around 33% from 2022 to 2030
- Based on type, the big data analytics sub-segment achieved USD 11.4 billion revenue in 2021
- Among industry vertical, the BFSI sub-segment occupied US$ 8.3 billion income in 2021
- Growing adoption of social media analytics is a prominent data analytics market trend that drives the industry demand
Global Data Analytics Market Dynamics
Market Drivers
- Increasing data volume at exponential rate
- Growing application of big data analytics
- Digital transformation across industries
- Rising internet and smartphones penetration
Market Restraints
- Lack of skilled in-house resources
- Rising data security concerns
Market Opportunities
- Rapidly growing popularity of edge computing among big firms
- Expanding integration of artificial intelligence and machine learning
Data Analytics Market Report Coverage
| Market |
Data Analytics Market |
| Data Analytics Market Size 2021 |
USD 31.8 Billion |
| Data Analytics Market Forecast 2030 |
USD 329.8 Billion |
| Data Analytics Market CAGR During 2022 - 2030 |
29.9% |
| Data Analytics Market Analysis Period |
2018 - 2030 |
| Data Analytics Market Base Year |
2021 |
| Data Analytics Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Type, By Deployment, By Enterprise Size, By Industry Vertical, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Amazon Web Services Inc., Datameer Inc., IBM Corporation, Looker Data Sciences Inc., Microsoft, Mu Sigma, Oracle, SAP SE, SiSense Inc, Tableau Software LLC., ThoughtSpot Inc., and Zoho Corporation Pvt. Ltd.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Data Analytics Market Growth Factors
Data analytics is one of the most significant data science practices, involving everything from data collection and storage to data processing and the use of tools such as data visualizations and models to make sense of data sets. With the development of new data science technologies and the expansion of business intelligence (BI) goals at enterprises, the demand for the data analytics market is expanding rapidly. Learning more about current data and using past and current data to predict future planning is a very important data analytics software market trend that is fueling industry growth.
The adoption of data analytics is also raising on account of the rising number of social media users across the world. For instance, there has been a significant increase in the number of users on leading social media platforms such as Facebook (Meta), Instagram, and messaging apps such as WhatsApp and Snapchat. According to a recent study, over 500 million people worldwide use Instagram on a daily basis. Furthermore, WhatsApp is used by over 2 billion people in over 180 countries to chat and send images and videos.
Furthermore, the growing popularity of e-commerce websites is boosting the global data analytics software industry. For example, India's online shopper base, which was 180-190 million in 2021, is expected to grow to 400-450 million users by 2027. This high number of users can be attributed to the large populations of countries such as India and China. The growing population is directly proportional to the growing data on a daily basis, so the big data analytics market in developing countries will continue to grow.
Data Analytics Market Segmentation
The global data analytics market is segmented based on type, deployment, enterprise size, industry vertical, and geography.
Data Analytics Market By Type
- Business Analytics
- Big Data Analytics
- Customer Analytics
- Statistical Analysis
- Risk Analytics
- Others (Predictive Analytics, Prescriptive Analytics, and Text Analytics)
As per the data analytics industry analysis, the big data analytics sub-segment achieved a significant market share in 2021 and is expected to do so in the coming years. Big data analytics are increasingly being used in a variety of industries, which is a major factor in the market's expansion. The increasing integration of big data analytics with massively augmented technologies such as artificial intelligence (AI), deep learning, machine learning, and the Internet of Things (IoT) is significantly rising the big data analytics market share.
Data Analytics Market By Deployment
According to our data analytics market forecast, the cloud-based segment will grow at the fastest rate between 2022 and 2030. The increasing adoption of cloud-based solutions across various businesses is the primary factor driving segment growth. However, cloud-based solutions continue to lag in data privacy and security; as a result, on-premise deployment mode captures the maximum market size in 2021 and will maintain its dominance in the coming years.
Data Analytics Market By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
Large enterprises accounted for a sizable market share in 2021, owing to the presence of vast amounts of customer data, limited budget constraints, and the presence of highly skilled data analysts and data scientists. Meanwhile, in the midst of intense competition, small and medium-sized enterprises (SMEs) emerge as a very profitable segment that is constantly increasing its market size. The rapidly increasing number of SMEs, as well as their distinct strategies for collaborating with industry experts, will give them an advantage in the future scenario.
Data Analytics Market By Industry Vertical
- BFSI
- IT & Telecommunication
- Healthcare
- Government
- Military & Defense
- Others
Among all the verticals, BFSI acquired the utmost market shares in 2021 and is likely to do so during the forecasted period from 2022 to 2030. The constant adoption of data analytics for detecting fraudulent transactions, optimizing processes, and managing data risks can be attributed to the segment's growth. Additionally, the IT & telecommunication segment also occupied a noteworthy market share in the recent past. The growing demand for collaboration tools such as video conferencing and web conferencing can be attributed to the segment's growth.
Data Analytics Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Data Analytics Market Regional Analysis
As per our data analytics regional analysis, North America dominated the market with major shares. This is due to technological advancements and the significant presence of market players, particularly in the United States. Furthermore, venture capitalists funding for new entrants are expected to reduce market competition. Over the forecast period, Asia-Pacific is predicted to have the highest CAGR. The regional market's rapid growth can be attributed to the increased deployment and adoption of advanced predictive analytics solutions. Furthermore, the region's market is expected to be driven by increased focus and investment in emerging technologies such as artificial intelligence, machine learning, and IoT.
Data Analytics Market Players
Some of the leading data analytics companies include Amazon Web Services Inc., Datameer Inc., IBM Corporation, Looker Data Sciences Inc., Microsoft, Mu Sigma, Oracle, SAP SE, SiSense Inc, Tableau Software LLC., ThoughtSpot Inc., and Zoho Corporation Pvt. Ltd.
CHAPTER 1. Industry Overview of Data Analytics Market
1.1. Definition and Scope
1.1.1. Definition of Data Analytics
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Data Analytics Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Data Analytics Market By Type
1.2.3. Data Analytics Market By Deployment
1.2.4. Data Analytics Market By Enterprise size
1.2.5. Data Analytics Market By Industry Vertical
1.2.6. Data Analytics Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Data Analytics Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Data Analytics Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Data Analytics Market By Type
4.1. Introduction
4.2. Data Analytics Market Revenue By Type
4.2.1. Data Analytics Market Revenue (USD Billion) and Forecast, By Type, 2018-2030
4.2.2. Big Data Analytics
4.2.2.1. Big Data Analytics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Business Analytics
4.2.3.1. Business Analytics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.4. Customer Analytics
4.2.4.1. Customer Analytics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.5. Risk Analytics
4.2.5.1. Risk Analytics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.6. Statistical Analysis
4.2.6.1. Statistical Analysis Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.7. Others (Predictive Analytics, Text Analytics, and Prescriptive Analytics)
4.2.7.1. Others (Predictive Analytics, Text Analytics, and Prescriptive Analytics) Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Data Analytics Market By Deployment
5.1. Introduction
5.2. Data Analytics Market Revenue By Deployment
5.2.1. Data Analytics Market Revenue (USD Billion) and Forecast, By Deployment, 2018-2030
5.2.2. Cloud-Based
5.2.2.1. Cloud-Based Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. On-Premise
5.2.3.1. On-Premise Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Data Analytics Market By Enterprise size
6.1. Introduction
6.2. Data Analytics Market Revenue By Enterprise size
6.2.1. Data Analytics Market Revenue (USD Billion) and Forecast, By Enterprise size, 2018-2030
6.2.2. Large Enterprises
6.2.2.1. Large Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. SMEs
6.2.3.1. SMEs Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. Data Analytics Market By Industry Vertical
7.1. Introduction
7.2. Data Analytics Market Revenue By Industry Vertical
7.2.1. Data Analytics Market Revenue (USD Billion) and Forecast, By Industry Vertical, 2018-2030
7.2.2. BFSI
7.2.2.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.3. IT & Telecommunication
7.2.3.1. IT & Telecommunication Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.4. Healthcare
7.2.4.1. Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.5. Government
7.2.5.1. Government Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.6. Military & Defense
7.2.6.1. Military & Defense Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.7. Others
7.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 8. North America Data Analytics Market By Country
8.1. North America Data Analytics Market Overview
8.2. U.S.
8.2.1. U.S. Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
8.2.2. U.S. Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.2.3. U.S. Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.2.4. U.S. Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.3. Canada
8.3.1. Canada Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
8.3.2. Canada Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.3.3. Canada Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.3.4. Canada Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe Data Analytics Market By Country
9.1. Europe Data Analytics Market Overview
9.2. U.K.
9.2.1. U.K. Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.2.2. U.K. Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.2.3. U.K. Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.2.4. U.K. Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.3. Germany
9.3.1. Germany Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.3.2. Germany Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.3.3. Germany Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.3.4. Germany Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.4. France
9.4.1. France Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.4.2. France Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.4.3. France Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.4.4. France Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.5. Spain
9.5.1. Spain Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.5.2. Spain Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.5.3. Spain Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.5.4. Spain Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.6.2. Rest of Europe Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.6.3. Rest of Europe Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.6.4. Rest of Europe Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia-Pacific Data Analytics Market By Country
10.1. Asia-Pacific Data Analytics Market Overview
10.2. China
10.2.1. China Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.2.2. China Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.2.3. China Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.2.4. China Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.3. Japan
10.3.1. Japan Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.3.2. Japan Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.3.3. Japan Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.3.4. Japan Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.4. India
10.4.1. India Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.4.2. India Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.4.3. India Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.4.4. India Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.5. Australia
10.5.1. Australia Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.5.2. Australia Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.5.3. Australia Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.5.4. Australia Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.6. South Korea
10.6.1. South Korea Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.6.2. South Korea Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.6.3. South Korea Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.6.4. South Korea Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.7.2. Rest of Asia-Pacific Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.7.3. Rest of Asia-Pacific Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.7.4. Rest of Asia-Pacific Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.8. Asia-Pacific PEST Analysis
CHAPTER 11. Latin America Data Analytics Market By Country
11.1. Latin America Data Analytics Market Overview
11.2. Brazil
11.2.1. Brazil Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.2.2. Brazil Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.2.3. Brazil Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.2.4. Brazil Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.3. Mexico
11.3.1. Mexico Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.3.2. Mexico Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.3.3. Mexico Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.3.4. Mexico Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.4.2. Rest of Latin America Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.4.3. Rest of Latin America Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.4.4. Rest of Latin America Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Data Analytics Market By Country
12.1. Middle East & Africa Data Analytics Market Overview
12.2. GCC
12.2.1. GCC Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.2.2. GCC Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.2.3. GCC Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
12.2.4. GCC Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.3. South Africa
12.3.1. South Africa Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.3.2. South Africa Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.3.3. South Africa Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
12.3.4. South Africa Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Data Analytics Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.4.2. Rest of Middle East & Africa Data Analytics Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.4.3. Rest of Middle East & Africa Data Analytics Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
12.4.4. Rest of Middle East & Africa Data Analytics Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Data Analytics Market
13.1. Data Analytics Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Data Analytics Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Amazon Web Services Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2021
14.1.3.2. Amazon Web Services Inc. 2021 Data Analytics Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Datameer Inc.
14.3. IBM Corporation
14.4. Looker Data Sciences Inc.
14.5. Microsoft
14.6. Mu Sigma
14.7. Oracle
14.8. SAP SE
14.9. SiSense Inc
14.10. Tableau Software LLC.
14.11. ThoughtSpot Inc.
14.12. Zoho Corporation Pvt. Ltd
