Big Data Market

Oracle (US) and SAS Institute (US) are leading players in Big Data Market

MarketsandMarkets forecasts the global big data market size to grow from USD 138.9 billion in 2020 to USD 229.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major growth factors of the big data market include the increasing awareness of Internet of Things (IoT) devices among organizations, increasing availability of data across the organization to gain deeper insights to remain competitive, and increasing government investments in various regions for enhancing digital technologies.

The major big data vendors include Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), Adobe (US), Talend (US), Qlik (US), TIBCO Software (US), Alteryx (US), Sisense (US), Informatica (US), Cloudera (US), Splunk (US), Palantir Technologies (US), 1010data (US), Hitachi Vantara (US), Fusionex (Malaysia), Information Builders (US), AWS (US), SAP (Germany), Salesforce (US), Micro Focus (UK), HPE (US), MicroStrategy (US), ThoughtSpot (US), and Yellowfin (Australia). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global big data market. Partnerships, new product launches, acquisitions, and product enhancements have been the dominating strategies adopted by the major players from 2018 to 2020, which has helped them innovate on their offerings and broaden their customer base.

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Oracle (US) caters to delivering a broad spectrum of products, solutions, and services that are designed to meet the requirements of corporate Information Technology (IT) environments, such as platforms, applications, and infrastructure. The company is best known for its Oracle database software that is a relational database management system. The company product portfolio comprises autonomous database, developer tools, engineering systems, IT infrastructure, Java, and middleware. It operates through three business segments: cloud and license, hardware, and services. In December 2019, Oracle and Microsoft extended their existing partnership across Canada to help their customers run their mission-critical workloads across Oracle Cloud and Microsoft Azure platforms.

SAS Institute (US) offers various technology solutions, including advanced analytics, Artificial Intelligence (AI), and Machine Learning (ML), cloud computing, data management, and risk management. The company offers a wide range of products and services to various industry verticals, such as banking, manufacturing, healthcare and life sciences, retail, and education. SAS offers a cost-effective cloud-based platform for its clients, which helps them fulfil business needs and achieve business goals. The company has various offerings, which include cloud analytics, Business Intelligence (BI), in-memory analytics, data management, decision management, and risk and compliance management solutions. The valuable customers of SAS Institute include Honda, Orlando Magic, Interamerican, Nestle, HSBC, and Lufthansa. In the big data market, the company offers various solutions, such as Advanced Analytics solutions, Data Management solutions, IoT Analytics solutions, and Operationalizing solutions. In March 2019, SAS Institute announced an investment of USD 1 billion in AI over the next 3 years that will focus on three main areas, including software innovation, education, and expert services.

Related Reports:

Big Data Market by Component, Deployment Mode, Organization Size, Business Function (Operations, Finance, and Marketing and Sales), Industry Vertical (BFSI, Manufacturing, and Healthcare and Life Sciences), and Region - Global Forecast to 2025

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Report Code
TC 1521
RI Published ON
3/4/2020
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