Report ID: SQMIG45A2211
Report ID:
SQMIG45A2211 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|
Tables:
132 |
Figures:
77
North America dominates the market with a revenue share of 34.7% in 2022. The region is home to leading companies from all industries, and heavy users of software e.g., Facebook, Twitter and Instagram collect profile users about their preferences through data analytics. The availability of infrastructure supporting data analytics and increasing use of advanced technologies such as AI and machine learning are driving the market growth in North America.
Despite a significant CAGR of 34.2% due to the expansion in retail, BFSI, healthcare, automotive, and other sectors in Asia-Pacific during the forecast period. The adoption of social media platforms, internet and smartphones, the growth in communication technologies and digitization are both expected to increase the big data analytics market share. Many Asian countries, including China and Japan, apply features of data-intensive AI and ML technologies in various industries into the market, leading to increased usage of data analytics. The increased usage of data analytics tools and solutions will also boost market growth.
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Report ID: SQMIG45A2211