Data and Analytics Market Size, Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2027

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Data & Analytics Market Overview

The global Data & Analytics market size was pegged at more than $100 billion in 2022. The market is expected to grow at a CAGR of more than 12% during the forecast period (2022-2027). The data & analytics market will be driven by increasing digitization across all spheres of life, creating data at an unprecedented level. Enterprises are increasingly becoming aware of the benefits of unlocking insights from the data that can provide to their organization thus becoming a crucial investment area.

Data & Analytics Market Outlook, 2022-2027 ($ Billion)

Data & Analytics Market Outlook, 2022-2027 ($ Billion)

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The ‘Data & Analytics Market’ research report provides an executive-level overview of the current data & analytics market worldwide, with detailed forecasts of key indicators up to 2027. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small, and medium enterprise (MSME) markets, review of key data & analytics market trends, and the technological developments that are shaping the data & analytics landscape.

Market Size 2022 >$100 billion
CAGR >12%
Forecast Period 2022-2027
Product/Service Types ·       Data and Content Management

·       Business Intelligence and Data Discovery Tools

·       Big Data Platforms

Key Industry Verticals ·       BFSI

·       Manufacturing

·       Information Technology

·       Retail

·       Government

Enterprise Size Band ·       MSME

·       Large Enterprises

Key Regions ·       Asia Pacific

·       North America

·       Western Europe

·       Middle East and Africa

·       South and Central America

·       Central and Eastern Europe

Leading Companies ·       Microsoft

·       IBM

·       Accenture

·       AWS

·       Oracle

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Data & Analytics Market Segmentation by Product/Service Types

The global Data & Analytics market is divided across ten product/service types namely:

  • Data and Content Management
  • Business Intelligence and Data Discovery Tools
  • Big Data Platforms

Data & Analytics Market Share by Product/Service Types, 2022 (%)

Data & Analytics Market Share by Product/Service Types, 2022 (%)

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Data and Content Management Represents the Largest Contributor to the Total Data & Analytics Market Value

  • Data and Content Management

Data and content management accounted for more than $45 billion in 2022, about 44.8% of the total Data & Analytics market value estimated for the year. Data and content management has become the largest market segment as it can tackle a wide range of content types and can be used across multiple enterprise functional areas and lines of business. Data and content management solutions often encompass document management, file management, records management, or case management.

Data & Analytics Market Segmentation by Vertical

The BFSI sector is the largest end-use market for Data & Analytics. The report analyzes the Data & Analytics market across several industry verticals, including:

  • BFSI
  • Manufacturing
  • Information Technology
  • Retail
  • Government

Data & Analytics Market Share by Vertical, 2022 (%)

Data & Analytics Market Share by Vertical, 2022 (%)

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Data & Analytics Market Segmentation by Regions

The report also analyzes the Enterprise Data & Analytics market across the following six regions:

  • Asia Pacific
  • North America
  • Western Europe
  • Middle East & Africa
  • South & Central America
  • Central & Eastern Europe

Data & Analytics Market Share by Region, 2022 (%)

Data & Analytics Market Share by Region, 2022 (%)

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According to GlobalData’s analysis, Asia-Pacific was the leading regional market, with revenue estimated at more than $34 billion, in 2022. The data & analytics market in Asia-Pacific will grow at a CAGR greater than 14% over the forecast period (2022-2027).

Data & Analytics Market – Drivers, Trends and Challenges

Data & Analytics Market – Drivers, Trends and Challenges

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Data & Analytics Market - Competitive Landscape

The global enterprise Data & Analytics vendor landscape is dominated by prominent international players such as Microsoft, IBM, Accenture, AWS, and Oracle.

Leading Data & Analytics Companies

Leading Data & Analytics Companies

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Scope

The market intelligence report provides an in-depth analysis of the following:

  • Data & Analytics market outlook by product/service type: Analysis as well as historical figures and forecasts of revenue opportunities from the data & analytics product/service type.
  • Data & Analytics market outlook by enterprise size band: Analysis as well as historical figures and forecasts of revenue opportunities from the enterprise size band perspective.
  • Data & Analytics market outlook by regions: Analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
  • Data & Analytics market outlook by revenue opportunity: Analysis as well as historical figures and forecasts of revenue opportunities from a regional perspective.
  • The vendor landscape: An examination of the positioning of leading players in the data & analytics market.
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of global data & analytics solution providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
  • Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the global data & analytics market.
  • The report highlights key vertical industries (BFSI, Manufacturing, Information Technology, Retail, Government, etc.), enterprise size bands (Micro, small, medium, large, and very large), and key regions (Asia Pacific, North America, Western Europe, Middle East & Africa, Central & Eastern Europe, and South & Central America)
  • With charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in the global data & analytics market.
  • The broad perspective of the report coupled with comprehensive, actionable detail will help security hardware & software vendors, service providers, and other communications and collaboration players succeed in the growing data & analytics market worldwide.

Microsoft
IBM
Accenture
AWS
Oracle

Table of Contents

Executive Summary

Market Overview

Market and Technology Trends

Market Growth Drivers

Market Growth Inhibitors/Challenges

Key Product/Services Market Snapshot

Key Regional Market Snapshot

Key Vertical Market Snapshot

Competitive Landscape

Appendix

Frequently asked questions

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