Big Data Infrastructure Global Market Report 2024

The big data infrastructure market size has grown exponentially in recent years. It will grow from $171.96 billion in 2023 to $209.04 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The expansion observed during the historic period can be ascribed to various factors including the proliferation of data, growing demands for business intelligence, adherence to regulatory requirements, the emergence of machine learning and artificial intelligence (AI), and heightened connectivity among others.

The big data infrastructure market size is expected to see exponential growth in the next few years. It will grow to $452.5 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The anticipated growth in the forecast period can be credited to ongoing data expansion, the rise of edge computing, bolstered security measures, integration of AI into infrastructure management, and the introduction of industry-specific solutions. Significant trends expected during this period comprise advancements in technology, increased adoption of cloud computing, the uptake of hybrid and multi-cloud approaches, adoption of containerization and microservices architecture, as well as customization tailored to specific industries.

The surging adoption of cloud computing is poised to drive the expansion of the big data infrastructure market in the foreseeable future. Cloud computing, characterized by the delivery of computing services over the Internet to provide convenient, on-demand access to a shared pool of configurable resources, has gained traction owing to the escalating demand for data backup solutions, scalability, and rapid deployment of new services and applications. Big data infrastructure plays a pivotal role in cloud computing, facilitating the processing and analysis of large and intricate datasets, and enabling the analysis of vast volumes of data. This is made possible by leveraging the scalability, cost-effectiveness, and flexibility inherent in cloud environments. Recent reports from AAG IT Services highlight a significant increase in cloud service utilization, with 63% of respondents reporting heavy usage in 2022, up from 59% in 2021 and 53% in 2020, underscoring the driving force of cloud computing in propelling the growth of the big data infrastructure market.

Key players within the big data infrastructure realm are embracing a strategic partnership approach to deliver innovative and cost-effective solutions to their clients. Strategic partnerships play a crucial role in catalyzing the adoption and evolution of big data infrastructure, enabling enterprises to leverage data for competitive advantage and organizational growth. For instance, NetApp Inc., a US-based intelligent data infrastructure company, collaborated with Ducati Corse, an Italy-based manufacturer of sport-inspired motorcycles, in October 2023, to introduce a co-engineered data management and insights solution. This partnership aims to revolutionize Ducati's data infrastructure, facilitating accelerated data analysis for elite motorcycle racing, thereby enabling near-real-time data sharing and analytics to enhance software development, design, and engineering processes at Ducati. The co-engineered solution from NetApp and Ducati Corse harnesses data management principles that may encompass big data infrastructure concepts, given the potential volume and complexity of the data involved, thus exemplifying the transformative potential of strategic partnerships in driving innovation within the big data landscape.

In June 2021, Cloudera Inc., a US-based data cloud company, successfully acquired Datacoral Inc. for an undisclosed sum. The primary goal of this acquisition is to facilitate Cloudera's transition into a new era of low-code, no-code self-service analytics. By automating complex operations, the focus shifts towards delivering value from data rather than managing infrastructure. Datacoral Inc., a US-based data infrastructure company, specializes in providing Hadoop big data analytics services and offers cloud-based, no-code data integration. The acquisition aligns with Cloudera's strategic vision of advancing analytics solutions and simplifying the data management process for users.

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.

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. The countries covered in the big data infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Big data infrastructure encompasses the foundational framework or structure meticulously crafted to efficiently store, process, manage, and analyze extensive volumes of both structured and unstructured data. Its primary objective is to furnish scalable and reliable storage solutions, proficient data processing capabilities, and cutting-edge analytics tools, facilitating the extraction of valuable insights and knowledge from vast datasets.

The principal components of big data infrastructure include storage, servers, and networking. Storage involves the act of securely housing goods in a repository or designated space, along with the actual space where items are housed, or the condition of being stored. It can be implemented across various modes, such as cloud-based, on-premises, and hybrid setups, catering to diverse organizations ranging from small and medium-sized enterprises (SMEs) to large-scale enterprises. Additionally, storage finds utility across a spectrum of end-user domains, including banking, financial services, and insurance (BFSI), government and defense sectors, healthcare and life sciences industries, information technology (IT) and telecommunications sectors, among others.

The big data infrastructure market research report is one of a series of new reports that provides big data infrastructure market statistics, including big data infrastructure industry global market size, regional shares, competitors with a big data infrastructure market share, detailed big data infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the big data infrastructure industry. This big data infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The big data infrastructure market consists of revenues earned by entities providing services such as data warehousing services, machine learning services, orchestration services, governance services, visualization services, and logging services and security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The big data infrastructure market also includes sales of storage systems, distributed file systems, data integration tools, data management systems, and cluster management systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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