Big Data Consulting Market - Forecast(2021 - 2026)

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Big Data Consulting Market Overview

The market for Big Data Consulting is forecast to reach $4.2billion by 2026, growing at a CAGR of 32.3% from 2021 to 2026 due to rapid increase in consumer and machine data developments. Big Data is referred as the collection of data sets so large and complex that it is not possible to process it in traditional way. In Big Data Consulting, companies collects the data from respective clients to analyze the data for identification of the business problem where data strategist and data analyst analysis it to obtain the optimum solution and implementing the solution. The market is driven by rising consumer data, superior information security, and enhanced business efficiencies.

Big Data Consulting Market Report Coverage

The report: “Big Data Consulting Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Big Data Consulting Market.
By Type – Solutions, Services
By Deployment – Cloud, On-Premises, Hybrid
By Application– Data Strategy Consulting, Data Assessment, Analytics, Design and Architectural Consultation, Implementation, Capacity Planning, Performance and Opportunity Analysis, Customer Insights and Others
By Organization Size – SMEs and Large Enterprises
By End-Use Industry – BFSI, Transportation, Government and Defense, Healthcare and Life Sciences, Education and Research, IT and Telecom, Retail and Others  
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 expansion of the Internet of Things (IoT) has added numerous new sources of Big Data into the Data Management background and is one of the major trends in the forecast period.
  • Use of Business Intelligence (BI) from the cloud will increase, and the on-going advancement in improved data visualization models and self-service software will be seen in analytics. 
  • AI and Machine Learning technology are moving at a faster pace and helping businesses transform, through cases like real-time ads, pattern recognition, malfunction detection, etc. Working on traditional algorithm of machine learning will become faster and more accurate helping enterprises to make more appropriate decisions. This major change will help the market to continue its growth in the coming decade 

Big Data Consulting Market Segment Analysis - By Applications

The market is segmented into application segment includes Data Analytics, Data Management, Customer Insights, Performance and Opportunity Analysis, Design and Architectural consultation. The data analytics held the largest market revenue share in 2020, and expected to lead in coming years. Big data has brought boon as well as bane to Big data consulting enterprises. Non-expertise personal, non-awareness among SME’s, minimal Investment on data analytics by SME’s, infrastructure, non-positive response from clients and storage of data are some of the challenges that big data consulting enterprises are coming through.  

Big Data Consulting Market Segment Analysis - By End-Use Industry

Among all end-use industries, automotive is the leading segment due to growing adoption of high tech vehicles. Huge amounts of constantly changing data that is difficult to handle but is of enormous value on the analysis of which we can provide new and improved user experience is “big data.” In the automotive industry, this data can improve driver safety and experience, and in short provide better and safer vehicle services. Further, the increase of electronics and usage of different services, generates the data in large amount which is known as Big Data and these data cannot be stored or analyzed by traditional way so the Big Data consulting provides such services with analytical advice for the growth of business which will increase the demand of such service in near future.

Big Data Consulting Market Segment Analysis - By Geography

North America held the foremost market revenue share for big data consulting market since and is predicted to rule during forecast period growing at CAGR of 30.1%. The high adoption of analytics consulting across countries such as the U.S., Mexico and Canada has helped the market to grow exponentially. However, Asia-Pacific is expected to register the highest growth rate during the forecast period due to the increasing amount of data generation as well as high interest across the region.  

Big Data Consulting Market Drivers

Rising Consultancy surrounding development of Big Data Architecture

Big Data Consulting advices the organization about the Big Data, strategy, implementation and technology which best fit to the organization to manage the Data sets. Across the world many different Big Data projects were taken up to create many Big Data models, frameworks and new technologies to provide more storage capacity, real-time analysis and parallel processing of different large amount of data from heterogeneous source. Big Data consulting Market consist two main strategists such as Data Strategist/Architect and Data Scientist/Analyst whose role is to identify the business problems, defining the solution, optimizing the solution and implementing the solution.  This will drive the market. 

Rising Amount of Data Generated by Organizations

One of the current trends in the Big Data Consulting Market is it is widely popular and in-demand due to the rising storage capacity in terms of Terabyte and Petabyte of Big Data generated by the organizations. It is widely used because it can handle large amount of data and keep scaling to keep up growth and can provide input and output data to analytical tools for analysis. Big Data challenges include storage of data, capturing data and analyzing data. These can be done by few analytical tools such as Apache Hadoop, NoSQL, JAQL, Hive and others. Out of these tools Apache Hadoop is widely used and is in trend due to its storage capacity, Hadoop file storage system which can split data and can distribute across many nodes thus providing high availability. All these aspects are making Big Data consulting market face higher adoption and we can expect the growth of this market, as more and more organization are looking forward for alternative tool or cloud storage to store its generated data to analyze it and make corrective approach to generate revenue.

Big Data Consulting Market Challenges

Concerns Regarding Data Privacy

The biggest challenge with Big Data is the sensitive issue of data privacy and security, which most organizations are facing. With the implementation of GDPR regulations, consumer data privacy issues have been put to the forefront.  Privacy concerns are cropping up as companies feed more and more consumer and vendor data into advanced, AI-fuelled algorithms to create new bits of sensitive information, unbeknownst to affected consumers and employees. This is especially prevalent in the BFSI sector, where consumer data collection has been at the forefront in terms of big data challenges. These data privacy concerns will hinder the adoption of Big Data consulting solutions.

Big Data Consulting Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Big Data Consulting Market. Accenture, Amazon Web Service, Dell, HP, IBM, Oracle, SAP, Teradata Corporation and others are considered to be the key players of the Big Data Consulting Market.

Acquisitions/Technology Launches/Partnerships

  • Amazon Web Services is positioning in marketplace of big data consulting in helping enterprises to leverage more business value. Hadoop, DynamoDB and Elastic MapReduce are in major platforms used and AWS is making it easier for companies to manage, store and analyze their data. 
  • Accenture acquired Byte Prophecy, an automated insights and big data analytics company from India. The acquisition will help Accenture 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 Consulting Market - Overview
1.1. Definitions and Scope
2. Big Data Consulting 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 Consulting 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 Consulting Market – Startup companies Scenario 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 Consulting Market – Industry Market Entry Scenario 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 Consulting 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 Consulting 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 Consulting Market – By Deployment (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Introduction
8.3.2. On Premises
8.3.3. On Cloud Private Cloud Public Cloud Hybrid Cloud
8.3.4. Hybrid
9. Big Data Consulting Market – By Solution (Market Size -$Million / $Billion)
9.1. Identification of problem
9.2. Defining the solution
9.3. Optimization of solution
9.4. Implementing the solution
10. Big Data Consulting Market – By Service (Market Size -$Million / $Billion)
10.1. Introduction
10.2. Data Analytics as a Service
10.3. Data As a Services
10.4. Others
11. Big Data Consulting Market – By Storage (Market Size -$Million / $Billion)
11.1. Apache Hadoop
11.2. Microsoft HDInsight
11.3. NoSQL
11.4. JAQL
11.5. Hive
11.6. Sqoop
11.7. Presto
11.8. Others
12. Big Data Consulting Market – By Application (Market Size -$Million / $Billion)
12.1. Introduction
12.2. Retail
12.3. Banking and Financial
12.4. Healthcare
12.5. Media and Entertainment
12.6. Manufacturing
12.7. Travel
12.8. Telecommunication
12.12. Government monitoring
12.10. Electronics
12.11. Aviation
12.12. Automotive
12.13. Others
13. Big Data Consulting - By Geography (Market Size -$Million / $Billion)
13.1. Big Data Consulting Market - North America Segment Research
13.2. North America Market Research (Million / $Billion)
13.2.1. Segment type Size and Market Size Analysis 
13.2.2. Revenue and Trends
13.2.3. Application Revenue and Trends by type of Application
13.2.4. Company Revenue and Product Analysis
13.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
13.3. Big Data Consulting - South America Segment Research
13.4. South America Market Research (Market Size -$Million / $Billion)
13.4.1. Segment type Size and Market Size Analysis 
13.4.2. Revenue and Trends
13.4.3. Application Revenue and Trends by type of Application
13.4.4. Company Revenue and Product Analysis
13.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
13.5. Big Data Consulting - Europe Segment Research
13.6. Europe Market Research (Market Size -$Million / $Billion)
13.6.1. Segment type Size and Market Size Analysis 
13.6.2. Revenue and Trends
13.6.3. Application Revenue and Trends by type of Application
13.6.4. Company Revenue and Product Analysis
13.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
13.7. Big Data Consulting – APAC Segment Research
13.8. APAC Market Research (Market Size -$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 China Australia Japan South Korea India Taiwan Malaysia
14. Big Data Consulting Market - Entropy
14.1. New product launches
14.2. M&A's, collaborations, JVs and partnerships
15. Big Data Consulting Market – Industry / Segment Competition landscape 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 Consulting Market – Key Company List by Country Premium
17. Big Data Consulting 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 and More
"*Financials would be provided on a best efforts basis for private companies"
18. Big Data Consulting Market -Appendix
18.1. Abbreviations
18.2. Sources
19. Big Data Consulting Market -Methodology Premium
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
19.1.11. Supply and Demand Trends