Big Data Support Services Market - Forecast(2022 - 2027)

Report Code: ITR 0104 Report Format: PDF + Excel

Big Data Support Services Market Overview

Big Data Support Services Market size is forecast to reach $28.4 billion by 2027, growing at a CAGR 33.7% from 2022 to 2027. The convergence of big data analytics and cloud computing systems has resulted in the growth of big data support services. Big Data Support Services provide analysis over the Internet or as cloud-hosted applications (including hybrid cloud and private cloud) with large and complex data sets to enable data driven decision making. The increasing need for organized analytical data that helps organizations achieve goals, combined with the growing number of social media channels and users accessing open multimedia content on the Internet, such as images, audio and text is anticipated to drive the market growth over the forecast period. The rising data mining and warehousing applications will present significant rise in applications for the Big Data Support Services Industry. Growing knowledge among organizations of Internet of Things (IoT) technology, cloud computing and big data analytics, growing the availability of data across the enterprise to gain deeper insights to stay competitive, and increasing government spending in different regions to improve digital technologies are the key factors expected to contribute to the growth of Big Data Support Services market. 

Report Coverage

The report: “Big Data Support Services Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of Big Data Support Services Market Report.

By Component: Hadoop as a service (HDaaS), Data Analytics as a Service (DAaaS), Others.
By Deployment Type: Public Cloud, Hybrid Cloud, Private Cloud.
By Enterprise: Small and Medium-sized Business (SMEs), Large Enterprise.
By End-User: Banking Financial Services and Insurance (BFSI), Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Goods, Media and Entertainment, Telecommunication and IT, Transportation and Logistics, Others (Real Estate, Energy and Utilities, Travel and Hospitality, Education and Research)
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

  • The rising need for structured analytical data that helps organizations achieve goals, combined with the increasing number of social media platforms and users consuming open multimedia content on the Web, is expected to drive market growth over the forecast period.
  • Data Analytics as a service is mostly used by small and medium-sized organizations as a low-cost alternative which is set to drive the market.
  • The hybrid cloud segment is expected to grow over the forecast period due to the cost-efficiency, scalability, flexibility and security benefits it provides.
  • North America is projected to account for the largest market share during the forecast period due to the presence of large numbers of Big Data Support Services vendors.
  • The adoption of Data Driven Decision Making (DDDM) has provided organizations with clarity and accountability in taking informed decisions, Data-Based Decision Making (DDDM) helps solve the unstructured data processing problem and allows businesses to make better and more accountable decisions.

 Big Data Support Services Market, By Region, 2021 (%)

Big Data Support Services Market

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Big Data Support Services Market Segment Analysis - By Deployment Type

The Hybrid Cloud Segment is expected to grow at a higher CAGR of 44.7% during the forecast period 2022-2027 Demand for hybrid cloud is growing in particular due to advantages such as cost efficiency, scalability, versatility and security. Hybrid cloud helps organizations transfer their workloads to the public cloud and retain necessary requirements for confidential data. Big data solutions based on the cloud are preferred by companies as they support their regional, cross-regional or cross-country data recovery strategies. It helps them to guarantee stability in the case of a disaster. Hybrid cloud helps companies to leverage both private and public cloud benefits because it provides cost-effectiveness and improved security and thus it is expected to boost the market growth. 

Big Data Support Services Market Segment Analysis - By Enterprise

During the forecast period the Large Enterprise segment is expected to grow at a CAGR of 32.6% during 2022-2027. The adoption among large enterprises of Big Data Support Services is high as in today's highly competitive world, large enterprises leave no stone unturned to capture a higher market share. These organizations have generally distributed the scattered data across different departments. To gain valuable insights from this clustered data, large corporations are deploying on-demand services to leverage the benefits of cloud-based big data analysis. Large companies use cloud-based analytics to merge their external and internal information and derive useful insights from it. Big data analytics allow organizations to access their data more quickly. They therefore spend substantial amount on becoming technologically competent, owing to which the adoption of Big Data Support Services among large enterprises is higher compared to small and medium-sized enterprises (SMEs). 

Big Data Support Services Market Segment Analysis - By Geography

North America currently dominates the global Big Data Support Services market with a share of more than 38.4% in 2021. Due to the presence of large numbers of Big Data Support Services vendors, North America is projected to account for the largest market share during the forecast period. American businesses are increasingly inclined to exploit emerging technologies such as data analytics, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and cloud to improve Big Data Support Services. Increasing growth in e-commerce, coupled with increased government funding to support large-scale data projects in the U.S is a main factor in market growth. The region is experiencing major developments in the big data industry due to the growing adoption of IoT devices by various companies in the region. Organizations have started using big data solutions, especially in the US, to produce data insights to make strategic business decisions and stay competitive in the market.

Big Data Support Services Market Drivers

Increasing adoption of Data Driven Decision Making (DDDM)

The growing adoption of Data Driven Decision Making (DDDM) has provided organizations with transparency and accountability in taking informed decisions. Data driven decision taking provides various advantages over traditional techniques, such as association mining and clustering data sets. Data-Driven Decision Making (DDDM) helps solve the unstructured data processing issue and encourages companies to make more informed decisions with clarity and accountability. It also provides increased capacity for changes in size and versatility in, among other items, modeling change scenarios. Google has developed a People Analytics Team that provides the company with fact-based data when making decisions. Google has developed a community in this department called the Knowledge Lab which includes social scientists performing groundbreaking work that has changed the organizational practice within the business and that will help in the market growth of big data support services. Such developments are set to rise during the forecast period. 

Growing adoption of social media analytics

The growing adoption of social media analytics to track customer preferences and deliver personalized insights is anticipated to fuel market growth over the forecast period. In addition, the growing value of sentiment analysis has also caused businesses to incorporate social media into their business processes. It has resulted in large amounts of data being stored by companies, and it is anticipated to boost the market growth of big data support services. 

Big Data Support Services Market Challenges

Data inconsistency and incompleteness, scalability, timeliness, and security

Big Data analytics challenges include data inconsistency and incompleteness, scalability, timeliness and security. Data needs to be well constructed before analyzing. Nonetheless, taking into account the variety of data sets in big data, the efficient representation, access and analysis of unstructured or semi structured data remains challenging. The protection of outsourced data is of significant concern. Recently, several scandals have exposed how some security agencies use person generated data without permission for their own benefit. This is anticipated to hinder the market growth of big data support services. 

Big Data Support Services Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Big Data Support Services top 10 companies include:

  1.  Microsoft
  2. Teradata
  3. IBM
  4. Oracle
  5. SAS Institute
  6. Google
  7. Adobe
  8. Talend
  9. Qlik
  10. TIBCO Software 

Recent Developments

  • In Jan 2020, Intelligent Planning Software solution from SAS Institute incorporated Artificial Intelligence (AI) and cloud agility capabilities to improve the customer experience. The multi-cloud approach will help IT retailers predict consumer demand and improve customer experience.
  • In May 2020 Accenture acquired Byte Prophecy, an automated insights and big data analytics company from India. The acquisition will help Accenture to meet what it sees as growing demand for enterprise-scale AI and digital analytics solutions across the region. As part of the deal, nearly 50 data science and data engineer experts will join Accenture Applied Intelligence, the global IT consulting firm’s team and service for artificial intelligence, data, analytics and automation.

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1. Big Data Support Services Market - Overview
    1.1. Definitions and Scope
2. Big Data Support Services Market - Executive summary
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by type of Application
    2.3. Key Trends segmented by Geography
3. Big Data Support Services Market 
    3.1. Comparative analysis
        3.1.1. Product Benchmarking - Top 10 companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value split by Top 10 companies
        3.1.4. Patent Analysis - Top 10 companies
        3.1.5. Pricing Analysis 
4. Big Data Support Services Market – Startup companies Scenario Premium Premium Premium
    4.1. Top 10 startup company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Big Data Support Services Market – Industry Market Entry Scenario Premium Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
    5.4. Customer Analysis – Top 10 companies
6. Big Data Support Services Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porters five force model
        6.4.1. Bargaining power of suppliers
        6.4.2. Bargaining powers of customers
        6.4.3. Threat of new entrants
        6.4.4. Rivalry among existing players
        6.4.5. Threat of substitutes 
7. Big Data Support Services Market -Strategic analysis
    7.1. Value chain analysis
    7.2. Opportunities analysis
    7.3. Product life cycle
    7.4. Suppliers and distributors Market Share
8. Big Data Support Services Market – By Deployment (Market Size -$Million / $Billion)
    8.1. Market Size and Market Share Analysis 
    8.2. Application Revenue and Trend Research
    8.3. Product Segment Analysis
        8.3.1. Introduction
        8.3.2. Public Cloud
        8.3.3. Private Cloud
        8.3.4. Hybrid Cloud
9. Big Data Support Services Market – By Enterprise Size (Market Size -$Million / $Billion)
    9.1. Introduction
    9.2. SME
    9.3. Large Enterprises
10. Big Data Support Services Market – By Component (Market Size -$Million / $Billion)
    10.1. Introduction
    10.2. Hadoop as a service (HDaaS)
    10.3. Data Analytics as a Service (DAaaS)
    10.4. Others
11. Big Data Support Services Market – By End User (Market Size -$Million / $Billion)
    11.1. BFSI
    11.2. Government and Defense
    11.3. Healthcare and Life Sciences
    11.4. Manufacturing
    11.5. Telecom and IT
    11.6. Transportation and Logistics
    11.7. Retail and Consumer Goods
    11.8. Media and Entertainment
    11.9. Others
13. Big Data Enterprise - By Geography (Market Size -$Million / $Billion)
    13.1. Big Data Support Services Market - North America Segment Research
    13.2. North America Market Research (Million / $Billion)
        13.2.1. Segment type Size and Market Size Analysis 
        13.2.2. Revenue and Trends
        13.2.3. Application Revenue and Trends by type of Application
        13.2.4. Company Revenue and Product Analysis
        13.2.5. North America Product type and Application Market Size
            13.2.5.1. U.S.
            13.2.5.2. Canada 
            13.2.5.3. Mexico 
            13.2.5.4. Rest of North America
    13.3. Big Data Support Services- South America Segment Research
    13.4. South America Market Research (Market Size -$Million / $Billion)
        13.4.1. Segment type Size and Market Size Analysis 
        13.4.2. Revenue and Trends
        13.4.3. Application Revenue and Trends by type of Application
        13.4.4. Company Revenue and Product Analysis
        13.4.5. South America Product type and Application Market Size
            13.4.5.1. Brazil  
            13.4.5.2. Venezuela
            13.4.5.3. Argentina
            13.4.5.4. Ecuador
            13.4.5.5. Peru
            13.4.5.6. Colombia 
            13.4.5.7. Costa Rica
            13.4.5.8. Rest of South America
    13.5. Big Data Support Services - Europe Segment Research
    13.6. Europe Market Research (Market Size -$Million / $Billion)
        13.6.1. Segment type Size and Market Size Analysis 
        13.6.2. Revenue and Trends
        13.6.3. Application Revenue and Trends by type of Application
        13.6.4. Company Revenue and Product Analysis
        13.6.5. Europe Segment Product type and Application Market Size
            13.6.5.1. U.K  
            13.6.5.2. Germany 
            13.6.5.3. Italy 
            13.6.5.4. France
            13.6.5.5. Netherlands
            13.6.5.6. Belgium
            13.6.5.7. Spain
            13.6.5.8. Denmark
            13.6.5.9. Rest of Europe
    13.7. Big Data Support Services – APAC Segment Research
    13.8. APAC Market Research (Market Size -$Million / $Billion)
        13.8.1. Segment type Size and Market Size Analysis 
        13.8.2. Revenue and Trends
        13.8.3. Application Revenue and Trends by type of Application
        13.8.4. Company Revenue and Product Analysis
        13.8.5. APAC Segment – Product type and Application Market Size
            13.8.5.1. China 
            13.8.5.2. Australia
            13.8.5.3. Japan 
            13.8.5.4. South Korea
            13.8.5.5. India
            13.8.5.6. Taiwan
            13.8.5.7. Malaysia
    13.7. Big Data Support Services – RoW Segment Research
    13.8. RoW Market Research (Market Size -$Million / $Billion)
        13.8.1. Segment type Size and Market Size Analysis 
        13.8.2. Revenue and Trends
        13.8.3. Application Revenue and Trends by type of Application
        13.8.4. Company Revenue and Product Analysis
        13.8.5. RoW Segment – Product type and Application Market Size
            13.8.5.1. Middle East 
            13.8.5.2. Africa
14. Big Data Support Services Market - Entropy
    14.1. New product launches
    14.2. M&A's, collaborations, JVs and partnerships
15. Big Data Support Services Market – Industry / Segment Competition landscape Premium Premium Premium
    15.1. Market Share Analysis
        15.1.1. Market Share by Country- Top companies
        15.1.2. Market Share by Region- Top 10 companies
        15.1.3. Market Share by type of Application – Top 10 companies
        15.1.4. Market Share by type of Product / Product category- Top 10 companies
        15.1.5. Market Share at global level- Top 10 companies
        15.1.6. Best Practises for companies
16. Big Data Support Services Market – Key Company List by Country Premium Premium Premium
17. Big Data Support Services Market Company Analysis
    17.1. Market Share, Company Revenue, Products, M&A, Developments
    17.2. Company 1
    17.3. Company 2
    17.4. Company 3
    17.5. Company 4
    17.6. Company 5
    17.7. Company 6
    17.8. Company 7
    17.9. Company 8
    17.10. Company 9
    17.11. Company 10