Did you know that by 2025, more than 152,000 Internet of Things gadgets could join every minute? With more AI, ML, and IoT being used, the amount of data being made has grown tremendously. This is where statistics for big data come in. The technology is the core of current edge computing. It is also called “data analytics.” For those who don’t know, “edge computing” is a system in which computers, not clouds, are much closer to the source or location of the data.
The market for big data analytics is expected to grow quickly over the next few years because of these reasons. Fortune Business InsightsTM thinks that by 2030, the value of this market could hit USD 745.15 billion. Between 2022 and 2030, the market is expected to grow at a CAGR of 13.5%. In 2022, the market was worth USD 271.83 billion. By 2023, it is projected to be worth USD 307.52 billion.
Fortune Business InsightsTM Lists the 10 Big Data Analytics Companies with the Most Recognisable Names in the World
1. IBM Corporation
Top Big Data Analytics Businesses Around the WorldIBM Corporation, a major tech company based in New York, is a leader in big data services and one of the world’s best big data analytics companies. Cloudera Big Data, IBM Big Replicate for Hadoop, IBM Db2 Big SQL, and IBM Watson Studio are some of these. These tools allow you to quickly get, handle, and control data. Businesses can use these tools to make decisions faster and better, which helps them save money on the costs of storing and analyzing large amounts of data.
In July 2022, IBM bought an AI company called Databand.ai to improve the IT system as a whole.
2. SAP SE
Top Big Data Analytics Businesses Around the WorldThe German IT giant SAP SE makes goods and services that focus on the customer and help businesses make decisions based on data. Its services include data management solutions like SAP data and analytics solutions, SAP Data warehouse cloud, SAP master data governance, SAP analytics cloud, and SAP HANA cloud.
SAP SE bought the search-driven analytics company Askdata in July 2022. With this purchase, SAP wants to improve AI-powered natural language searches so businesses can make better choices.
3. Microsoft Corporation
Top Big Data Analytics Businesses Around the WorldBill Gates started Microsoft Corporation, a hardware and software services business. It offers solutions that make storing and handling a wide range of data easy for users. This includes real-time, organized, and unstructured data. The tech major collects, processes, and looks at data using big data and analytics.
In April 2021, Microsoft Corporation finished buying Nuance Communications, Inc., a company that makes software, so it could offer a cloud plan for healthcare and a workplace AI experience.
4. SAS Institute Inc.
Top Big Data Analytics Businesses Around the WorldSAS Institute Inc., which is based in North Carolina, U.S., creates different kinds of technology, such as Hadoop, data mining, big data analytics, data management, in-memory analytics, predictive analytics, machine learning, text mining, and cloud computing, to find the best information.
In June 2022, SAS Institute Inc. bought Hawaii’s Kamakura Corp. to add to its financial services and tools for managing financial risk.
5. Fair Isaac Corporation
Top Big Data Analytics Businesses Around the World Isaac Corporation, also known as FICO, is a company based in San Jose, California, that analyses data. The company helps businesses make better choices to grow faster, make more money, and make their customers happier. The company’s services include customer growth, decision management and optimization, debt collection and recovery, score systems, and scam protection compliance.
Fair Isaac Corporation released the FICO Platform in April 2021. Customers can use this product to make decisions based on data and win awards in the technology market.
6. Oracle Corporation
Top Big Data Analytics Businesses Around the WorldOracle Corporation, based in Austin, Texas, is one of the world’s top providers of a wide range of data services that help businesses get, handle, sort, and process data. The company has Hadoop-based data pools for finding information, analyzing it with Oracle Cloud SQL, and storing objects. It is one of the best companies in the world for analyzing big amounts of data.
In March 2021, Oracle Corporation updated its first self-sufficient cloud data warehouse for its Autonomous Data Warehouse. With the new update, you can use tools that don’t require you to write code to do things that used to require data scientists and programmers.
7. Salesforce Inc.
Top Big Data Analytics Businesses Around the WorldSalesforce Inc. focuses on giving customers advanced analytics tools, such as CRM analytics, to help them get the most out of their data. The company is based in San Francisco, California, and offers powerful analytics and reporting tools that work together to look at data and decide what to do with it.
In September 2022, Salesforce Inc. released Salesforce Genie, a new data engine. Salesforce wants to use the platform to run its customer 360 systems, which will help businesses give their customers better experiences.
8. Equifax Inc.
Top Big Data Analytics Businesses Around the WorldEquifax Inc. is a leading company that offers data analytics tools that help people learn more and make better choices. These tools allow businesses to make better choices and move in the right direction. In September 2022, Equifax Inc. released the TotalVerify data hub. This lets users protect data hubs by making it easier to create new products for growing businesses.
9. TransUnion
Top Big Data Analytics Businesses Around the WorldTransUnion is a company based in Chicago, Illinois, focusing on big data and analytics tools. These tools help boost analytical resources and improve analytical findings so that analytical tools and experts can be used to their fullest potential.
In June 2022, TransUnion opened a “clean room” for analytics and marketing to change the data-driven metrics into a world that puts privacy first. The answer makes it possible for privacy-enhanced tools to protect data privacy and prevent data loss.
10. QlikTech International AB
Top Big Data Analytics Businesses Around the WorldQlikTech International AB is known for its big data analytics tools, such as big data input, data replication and CDC, storage tools, and big data consolidation, which uses Hadoop Data Lake to prepare data for processing and deep analysis.
In January 2022, QlikTech said it would offer new advising services to help businesses do well. With these tools, companies can improve their data skills and get the most value out of their data.
Even though COVID-19 and its effects were terrible, healthcare, industry, retail, and other key end-use areas went to digital change. KPMG polled digital transformation strategy leaders in 12 industries and 10 countries in July 2020. Findings showed that more than 67% of companies stepped up their plans for digital change. Also, about 63% of companies increased their budgets for digital change.
AI and IoT were used in industry to speed up automation. On the other hand, the healthcare industry uses AI in the form of electronic health records, healthcare business intelligence, and other tools. Digital options are becoming increasingly important as more people move to work-from-home methods. Uncertainty about COVID-19, the slump is still going on, and the fact that the mix and work-from-home trends are still going strong could help the market.
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