North America Big Data Analytics Market Forecast to 2028

North America Big Data Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Analytics Tool (Dashboard and Data Visualization, Data Mining and Warehousing, Self-Service Tool, Reporting, and Others), Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, and Others), and End Use Industry (Pharmaceutical, Semiconductor, Battery Manufacturing, Electronics, and Others)

Report Code : BMIRE00025552 | Region : North America | Industry : Technology, Media and Telecommunications | Published Date : 10/Aug/2022

The North America big data analytics market is expected to grow from US$ 113.01 million in 2022 to US$ 253.55 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2022 to 2028.

The rising digital solutions are exponentially growing data across several industries, including education, BFSI, retail, agriculture, healthcare, IT, and telecommunications. For example, artificial intelligence (AI) has revolutionized precision farming, risk management, and pest control in the agricultural sector. Big data analytics are used in the agriculture industry to examine large amounts of structured and unstructured data sets, such as natural trends, advanced supply tracks, optimal crops, and risk assessment collected through sensors, smart machinery, GPS-equipped tractors, and soil sensors. Medical companies can still not meet the information needs of patients, physicians, administrators, and policymakers. Big data analytics can enable personalized and precise treatment based on unique data, supplied in real-time and adapted to patients. Further, systems that can quickly learn about the data provided by people in clinical treatment and everyday life must be implemented. This will allow data-driven decision-making and better personalized prognosis and treatment response predictions. Corporations are using bots to modernize and automate their work environments. Furthermore, Amazon Alexa, Apple Siri, Google Assistant, and many virtual assistants generate important data. Technological advancements have boosted the number of social media users in network access and smartphone technologies. Various data sources, such as YouTube videos, Snapchat, Instagram, Facebook, and WhatsApp chats, generate massive amounts of data. As a result of technological advancements in industries, smart applications, and social media platforms, the industrial revolution is predicted to create huge databases. Thus, the growing database across various industries drives the growth of the big data analytics market in North America.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America big data analytics market in the coming years . The market is expected to grow at a good CAGR during the forecast period.

North America Big Data Analytics Market Revenue and Forecast to 2028 (US$ Million)

North America Big Data Analytics Market Segmentation

The North America big data analytics market is segmented on the basis of component, analytics tool, application, end use industry, and country. Based on component, the market is bifurcated into software and services. The software segment dominated the market in 2022, whereas the market for the services segment is expected to grow at a higher rate during the forecast period. Based on analytics tool, the North America big data analytics market is segmented into dashboard and data visualization, data mining and warehousing, self-service tool, reporting, and others. The dashboard and data visualization segment dominated the market in 2022. However, the market for the reporting segment is expected to expand at a faster rate during the forecast period. Based on application, the North America big data analytics market is segmented into customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and others. The customer analytics segment dominated the market in 2022, whereas the market for the pricing analytics segment is expected to grow at a higher rate during the forecast period. Based on end use industry, the North America big data analytics market is segmented into pharmaceutical, semiconductor, battery manufacturing, electronics, and others. The others segment dominated the market in 2022. On the other side, the pharmaceutical segment is expected to grow at a higher rate during the forecast period. Based on country, the North America big data analytics market is segmented into the US, Canada, and Mexico.

Amazon Web Services, FICO, Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata, and TIBCO Software Inc. are among the leading companies in the North America big data analytics market.

At 14.4% CAGR, the North America Big Data Analytics Market is speculated to be worth US$ 253.55 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America big data analytics market was valued at US$ 113.01 million in 2022 and is expected to reach US$ 253.55 million by 2028, registering an annual growth rate of 14.4% from 2022 to 2028. Rising adoption of big data analytics in supply chain management and growing database across industries are the critical factors attributed to the market expansion.

Firms like IT firms etc can access, store, and process huge amounts of data due to advances in information technologies. Organizations analyze data sets and generate significant insights to apply to their operations, thereby demonstrating the importance of big data in several industries. Due to the broad adoption of digital technology, big data analytics (BDA) has emerged as a vital business competency for firms seeking to extract value from an ever-increasing volume of data to achieve a competitive advantage. BDA in logistics and supply chain management (LSCM) has gotten tremendous attention because of its complexity and the important role of LSCM in improving overall business performance. LSCM experienced significant challenges, such as delayed shipments, rising fuel costs, inconsistent suppliers, and ever-increasing customer expectations, resulting in inefficiency and wastage in supply chains. Businesses of all sizes recognize the importance of data, from financial services to automobile manufacturing, healthcare, and non-profits. It is becoming increasingly important to use big data analytics in a supply chain to provide more meaningful insights. In many omnichannel operations, the retail sector streams a tremendous quantity of data across its supply chains and customer touchpoints. Infosys Limited launched a tailored medication solution for the pharmaceutical industry in June 2020. Pharmaceutical firms can use the SAP C/4HANA suite, SAP S/4HANA, SCI platform, and SAP Analytics Cloud solutions to meet regulatory and business requirements while providing individualized patient experiences. SAP SE announced other products and access to its technology in April 2020 to help companies combat the spread of COVID-19 infection. The Qualtrics Supply Continuity Pulse solution and Planning as a Service (PaaS) with the SAP Integrated Business Planning for Supply Chain solution are untied options. Moreover, Deloitte and SAS announced an agreement in July 2018 to manage complicated risk and regulatory calculations at scale, turning compliance into an opportunity. Thus, increasing the adoption of big data analytics in supply chain management are driving the big data analytics market growth.

On the contrary, stringent data security regulations and data security concerns hurdles the growth of North America big data analytics market.

Based on component, the North America big data analytics market is segmented into software and services. The software segment held 65.1% market share in 2022, amassing US$ 73.54 million. It is projected to garner US$ 158.14 million by 2028 to expand at 13.6% CAGR during 2022–2028. Based on analytics tool, the North America big data analytics market is segmented into dashboard and data visualization, data mining and warehousing, self-service tool, reporting, and others. The dashboard and data visualization segment held 42.8% market share in 2022, amassing US$ 43.35 million. It is projected to garner US$ 107.50 million by 2028 to expand at 14.2% CAGR during 2022–2028. Based on application, the North America big data analytics market is segmented into customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and others. The customer analytics segment held 38.9% market share in 2022, amassing US$ 43.98 million. It is projected to garner US$ 105.38 million by 2028 to expand at 15.7% CAGR during 2022–2028. Based on end use industry, the North America big data analytics market is segmented into pharmaceutical, semiconductor, battery manufacturing, electronics, and others. The others segment held 78.0% market share in 2022, amassing US$ 88.17 million. It is projected to garner US$ 197.00 million by 2028 to expand at 14.3% CAGR during 2022–2028. Based on country, the North America big data analytics market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.7% market share in 2022. It was assessed at US$ 91.16 million in 2022 and is likely to hit US$ 207.11 million by 2028, exhibiting a CAGR of 14.7% during the forecast period. Key players dominating the North America big data analytics market are Amazon Web Services, FICO, Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata, TIBCO Software Inc. among others.

In 2021, Amazon Web Services Inc. has announced the public availability of Amazon HealthLake, letting enterprises input, store, query, and analyse health data at scale. In 2020, Oracle has made the Oracle Cloud Data Science Platform available. Oracle Cloud Infrastructure Data Science is at the heart of the solution, assisting organisations in jointly building, training, managing, and deploying machine learning models to improve the effectiveness of data science initiatives.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Big Data Analytics Market – By Component

1.3.2 North America Big Data Analytics Market – By Analytics Tool

1.3.3 North America Big Data Analytics Market – By Application

1.3.4 North America Big Data Analytics Market – By End Use Industry

1.3.5 North America Big Data Analytics Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Big Data Analytics Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Big Data Analytics Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Adoption of Big Data Analytics in Supply Chain Management

5.1.2 Growing Database across Various Industries

5.2 Market Restraints

5.2.1 Stringent Data Security Regulations and Data Security Concerns

5.3 Market Opportunities

5.3.1 Growing Edge Computing Trend to Boost Analytics Tool Demand

5.4 Future Trends

5.4.1 Technological Advancement in Big Data Analytics

5.5 Impact Analysis of Drivers and Restraints

6. Big Data Analytics Market – North America Analysis

6.1 North America Big Data Analytics Market Overview

6.2 North America Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

7. North America Big Data Analytics Market Analysis – by Component

7.1 Overview

7.2 Software

7.2.1 Overview

7.2.2 Software: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

7.3 Services

7.3.1 Overview

7.3.2 Service: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

8. North America Big Data Analytics Market Analysis – by Analytics Tools

8.1 Overview

8.2 Dashboard and Data Visualisation

8.2.1 Overview

8.2.2 Dashboard and Data Visualization: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

8.3 Data Mining and Warehousing

8.3.1 Overview

8.3.2 Data Mining and Warehousing: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

8.4 Self-Services Tools

8.4.1 Overview

8.4.2 Self-Service Tool: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

8.5 Reporting

8.5.1 Overview

8.5.2 Reporting: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

8.6 Others

8.6.1 Overview

8.6.2 Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9. North America Big Data Analytics Market Analysis – by Application

9.1 Overview

9.2 Customer Analytics

9.2.1 Overview

9.2.2 Customer Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9.3 Supply Chain Analytics

9.3.1 Overview

9.3.2 Supply Chain Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9.4 Marketing Analytics

9.4.1 Overview

9.4.2 Marketing Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9.5 Pricing Analytics

9.5.1 Overview

9.5.2 Pricing Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9.6 Workforce Analytics

9.6.1 Overview

9.6.2 Workforce Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

9.7 Others

9.7.1 Overview

9.7.2 Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

10. North America Big Data Analytics Market Analysis – by End Use Industry

10.1 Overview

10.2 Pharmaceuticals

10.2.1 Overview

10.2.2 Pharmaceuticals: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

10.3 Semiconductor

10.3.1 Overview

10.3.2 Semiconductor: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

10.4 Battery Manufacturing

10.4.1 Overview

10.4.2 Battery Manufacturing: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

10.5 Electronics

10.5.1 Overview

10.5.2 Electronics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

10.6 Others

10.6.1 Overview

10.6.2 Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

11. North America Big Data Analytics Market – Country Analysis

11.1 Overview

11.1.1 North America Big Data Analytics Market Breakdown, by Country

11.1.1.1 US Big Data Analytics Market, Revenue and Forecast to 2028

11.1.1.1.1 US Big Data Analytics Market Breakdown, By Component

11.1.1.1.2 US Big Data Analytics Market Breakdown, By Analytics Tool

11.1.1.1.3 US Big Data Analytics Market Breakdown, By Application

11.1.1.1.4 US Big Data Analytics Market Breakdown, By End Use Industry

11.1.1.2 Canada Big Data Analytics Market, Revenue and Forecast to 2028

11.1.1.2.1 Canada Big Data Analytics Market Breakdown, By Component

11.1.1.2.2 Canada Big Data Analytics Market Breakdown, By Analytics Tool

11.1.1.2.3 Canada Big Data Analytics Market Breakdown, By Application

11.1.1.2.4 Canada Big Data Analytics Market Breakdown, By End Use Industry

11.1.1.3 Mexico Big Data Analytics Market, Revenue and Forecast to 2028

11.1.1.3.1 Mexico Big Data Analytics Market Breakdown, By Component

11.1.1.3.2 Mexico Big Data Analytics Market Breakdown, By Analytics Tool

11.1.1.3.3 Mexico Big Data Analytics Market Breakdown, By Application

11.1.1.3.4 Mexico Big Data Analytics Market Breakdown, By End Use Industry

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 Amazon Web Services

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 FICO

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Hewlett Packard Enterprise Development LP (HPE)

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 IBM Corporation

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Microsoft Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Oracle Corporation

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 SAP SE

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 SAS Institute Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 TIBCO Software Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Teradata

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1.             North America Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Table 2.             North America Big Data Analytics Market, Revenue and Forecast To 2028 – By Country (US$ billion)

Table 3.             US Big Data Analytics Market, Revenue and Forecast to 2028 – By Component (US$ billion)

Table 4.             US Big Data Analytics Market, Revenue and Forecast to 2028 – By Analytics Tool (US$ billion)

Table 5.             US Big Data Analytics Market, Revenue and Forecast to 2028 – By Application (US$ billion)

Table 6.             US Big Data Analytics Market, Revenue and Forecast to 2028 – By End Use Industry (US$ billion)

Table 7.             Canada Big Data Analytics Market, Revenue and Forecast to 2028 – By Component (US$ billion)

Table 8.             Canada Big Data Analytics Market, Revenue and Forecast to 2028 – By Analytics Tool (US$ billion)

Table 9.             Canada Big Data Analytics Market, Revenue and Forecast to 2028 – By Application (US$ billion)

Table 10.          Canada Big Data Analytics Market, Revenue and Forecast to 2028 – By End Use Industry (US$ billion)

Table 11.          Mexico Big Data Analytics Market, Revenue and Forecast to 2028 – By Component (US$ billion)

Table 12.          Mexico Big Data Analytics Market, Revenue and Forecast to 2028 – By Analytics Tool (US$ billion)

Table 13.          Mexico Big Data Analytics Market, Revenue and Forecast to 2028 – By Application (US$ billion)

Table 14.          Mexico Big Data Analytics Market, Revenue and Forecast to 2028 – By End Use Industry (US$ billion)

Table 15.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           North America Big Data Analytics Market Segmentation

Figure 2.           North America Big Data Analytics Market Segmentation – By Country

Figure 3.           North America Big Data Analytics Market Overview

Figure 4.           North America Big Data Analytics Market, By Component

Figure 5.           North America Big Data Analytics Market, By Country

Figure 6.           North America: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           North America Big Data Analytics Market: Impact Analysis of Drivers and Restraints

Figure 9.           North America Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 10.        North America Big Data Analytics Market Revenue Share, by Component (2021 and 2028)

Figure 11.        North America Software: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 12.        North America Service: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 13.        North America Big Data Analytics Market Revenue Share, by Analytics Tools (2021 and 2028)

Figure 14.        North America Data and Data Visualization: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 15.        North America Data Mining and Warehousing: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16.        North America Self-Service Tool: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 17.        North America Reporting: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 18.        North America Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19.        North America Big Data Analytics Market Revenue Share, by Application (2021 and 2028)

Figure 20.        North America Customer Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        North America Supply Chain Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 22.        North America Marketing Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23.        North America Pricing Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24.        North America Workforce Analytics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 25.        North America Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26.        North America Big Data Analytics Market Revenue Share, by End User Industry (2021 and 2028)

Figure 27.        North America Pharmaceuticals: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 28.        North America Semiconductor: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 29.        North America Battery Manufacturing: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30.        North America Electronics: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 31.        North America Others: Big Data Analytics Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 32.        North America Big Data Analytics Market, by Key Country – Revenue (2021) (US$ Million)

Figure 33.        North America Big Data Analytics Market Breakdown, by Country, 2021 & 2028 (%)

Figure 34.        US Big Data Analytics Market, Revenue and Forecast to 2028 (US$ billion)

Figure 35.        Canada Big Data Analytics Market, Revenue and Forecast to 2028 (US$ billion)

Figure 36.        Mexico Big Data Analytics Market, Revenue and Forecast to 2028 (US$ billion)

The List of Companies - North America Big Data Analytics Market

● Amazon Web Services

● FICO

● Hewlett Packard Enterprise Development LP (HPE)

● IBM Corporation

● Microsoft Corporation

● Oracle Corporation

● SAP SE

● SAS Institute Inc.

● Teradata

● TIBCO Software Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America big data analytics market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America big data analytics market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the big data analytics market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TOP