Big Data Support Services Market size is forecast to reach $27.2 billion by 2025, growing at a CAGR 35.4% from 2020 to 2025. The convergence of big data analytics and cloud computing systems has resulted in the growth of big data support services. Big Data Support Services provide analysis over the Internet or as cloud-hosted applications (including hybrid cloud and private cloud) with large and complex data sets. The increasing need for organized analytical data that helps organizations achieve goals, combined with the growing number of social media channels and users accessing open multimedia content on the Internet, such as images, audio and text are anticipated to drive the market growth over the forecast period. The rising data mining and warehousing applications will present significant rise in applications for the Big Data Support Services Industry. Growing knowledge among organizations of Internet of Things (IoT) technology, growing the availability of data across the enterprise to gain deeper insights to stay competitive, and increasing government spending in different regions to improve digital technologies are the key factors expected to contribute to the growth of Big Data Support Services market.

Key Takeaways

The rising need for structured analytical data that helps organizations achieve goals, combined with the increasing number of social media platforms and users consuming open multimedia content on the Web, is expected to drive market growth over the forecast period.

Data Analytics as a service is mostly used by small and medium-sized organizations as a low-cost alternative which is set to drive the market.

The hybrid cloud segment is expected to grow over the forecast period due to the cost-efficiency, scalability, flexibility and security benefits it provides.

North America is projected to account for the largest market share during the forecast period due to the presence of large numbers of Big Data Support Services vendors.

The adoption of Data Driven Decision Making (DDDM) has provided organizations with clarity and accountability in taking informed decisions, Data-Based Decision Making (DDDM) helps solve the unstructured data processing problem and allows businesses to make better and more accountable decisions.

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Drivers – Big Data Support Services Market:

1. Increasing adoption of Data Driven Decision Making (DDDM)
2. Growing adoption of social media analytics

Market Landscape : Big Data Support Services Market is expected to be dominated by major companies such as Microsoft, Teradata, IBM, Oracle, SAS Institute, Google, Adobe, Talend, Qlik, TIBCO Software.

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