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Big Data Services Market size is set to grow by USD 459.1 billion from 2024-2028, Growing amount of data to boost the market growth, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global big data services market  size is estimated to grow by USD 459.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 55.18%  during the forecast period.  growing amount of data is driving market growth, with a trend towards big data in blockchain technology. However, adhering to diverse client requirements  poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Alteryx Inc., Amazon.com Inc., Cloudera Inc., Datameer Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Enthought Inc., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, International Business Machines Corp., IRI, Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Qubole Inc., Salesforce Inc., SAP SE, SAS Institute Inc., and Teradata Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Solution and Services), End-user (BFSI, Telecom, Retail, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Alphabet Inc., Alteryx Inc., Amazon.com Inc., Cloudera Inc., Datameer Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Enthought Inc., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, International Business Machines Corp., IRI, Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Qubole Inc., Salesforce Inc., SAP SE, SAS Institute Inc., and Teradata Corp.

Key Market Trends Fueling Growth

Blockchain technology, a distributed network of digital databases, is revolutionizing the financial sector by replacing centralized business models. Traditional financial services rely on a central ledger, such as the Federal Reserve, to manage and secure transaction information. In contrast, blockchain technology offers a decentralized solution where each transaction is transparently registered in a shared cloud database, eliminating the need for intermediaries. Beyond finance, blockchain technology is also valuable in sectors like e-commerce, IT, and retail for secure and efficient transactions. While some firms, such as Goldman Sachs and Overstock.com, have already adopted this technology, others are conducting proof of concept. However, traditional blockchains have limitations, including less scalability and lack of query languages. Big data blockchain technology addresses these challenges by offering scalable databases, query languages, and accurate blockchains. Decentralized control of this technology enables organizations to share authority with appropriate parties. Big data blockchains facilitate the collection and interpretation of vast amounts of data, enhancing decision-making processes, increasing operational efficiency, and improving security. Fraud, hacking, and unauthorized data access can be identified and addressed through this technology, making it a crucial investment for businesses during the forecast period. 

The Big Data Services Market is experiencing significant growth as businesses and organizations across industries seek to harness the power of data for competitive advantage. Trends include the use of social media platforms for customer insights, governments and hospitals leveraging data for public services, and manufacturing, media and entertainment, IT and telecom, and healthcare sectors optimizing operations and customer experiences. Cloud solutions like public, private, and hybrid offer scalable infrastructure for handling large datasets. Advanced analytics, real-time processing, and machine learning algorithms enable predictive modeling and consumer behavior analysis. Untapped data sources such as social media data, IoT generated information, and unstructured data are being integrated and made interoperable for better decision making and revenue growth. The digital revolution brings opportunities for smart city development and smart nation initiatives, enhancing urban living through data-driven innovation. 

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Market Challenges

The effective implementation of big data services is hindered in various industries due to the absence of clear data storage policies. This challenge impacts the market presence of big data service providers, as subpar service quality ensues. Developing innovative solutions to meet evolving customer needs is a complex and costly process for vendors. Failure to grasp client requirements can result in wasted resources and time. Clients seek tangible business outcomes but are cautious about investments. The absence of a proactive policy complicates the calculation and monitoring of return on investment for vendors. These factors may impede the growth of the big data services market during the forecast period. To ensure sustainable growth, vendors must comprehend the current market demands and customize offerings to meet client needs.The Big Data Services Market is experiencing significant growth due to the digital revolution and the need for operational efficiency. Advanced analytics and real-time processing are key drivers, requiring scalable infrastructure to handle fragmented data landscapes. Integration and interoperability are challenges, as data comes from various sources like social media, IoT, and unstructured data. Scalability is crucial to handle the massive data generation. Machine learning algorithms and predictive modeling help businesses understand consumer behavior and preferences, driving revenue growth in sectors like online shopping and inventory management. Smart city development and public services also benefit from big data, with technology players collaborating to provide data analytics capabilities for resource allocation and urban living improvements. Economic growth is a significant outcome of these initiatives.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This big data services market report extensively covers market segmentation by

Component 1.1 Solution1.2 ServicesEnd-user 2.1 BFSI2.2 Telecom2.3 Retail2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Solution-  Businesses increasingly utilize big data and analytics to enhance their operations, leveraging an expanding range of consumer data from various sources. Big data solutions enable management to analyze consumer sentiment towards products or services, gain a comprehensive view of the customer journey across multiple channels, and act on these insights to enhance the customer experience. The term “big data” signifies the vast expansion and accessibility of structured and unstructured data. By examining consumer behaviors across numerous channels, firms can gain a deep understanding of their operations, leading to efficiency improvements, reduced costs, increased sales, and superior customer service. The intensifying competition among companies in various industries, fueled by the rising demand for convenience and customer satisfaction, will drive the expansion of the global big data services market throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Data-as-a-Service (DaaS) market is experiencing robust growth, driven by the increasing adoption of cloud-based services and big data analytics across industries. The healthcare analytics market in APAC is also witnessing significant expansion, fueled by the rising demand for advanced data analysis in healthcare to improve patient outcomes and operational efficiency. With key players investing heavily in these sectors, the DaaS market is projected to grow substantially, while the APAC healthcare analytics market is expected to see continued strong growth through 2028.

Research Analysis

The Big Data Services Market is experiencing exponential growth due to the increasing demand for data-driven insights across various industries. Social media platforms generate vast amounts of data every day, providing opportunities for businesses to gain valuable customer insights. Governments, hospitals, manufacturing, media and entertainment, healthcare, IT and telecom, and other sectors are leveraging Big Data to improve decision making, enhance customer experiences, and increase operational efficiency. The digital revolution has led to an explosion of information and datasets, requiring scalable infrastructure for real-time processing and advanced analytics. Public, private, and hybrid cloud solutions are transforming the way businesses store and analyze data. Big Data Services enable organizations to harness the power of data to gain a competitive edge, optimize operations, and deliver innovative solutions.

Market Research Overview

The Big Data Services Market is experiencing rapid growth as social media platforms, governments, hospitals, Manufacturing, Media and Entertainment, Healthcare, IT and Telecom, and other sectors increasingly rely on data to drive decision making, improve customer experiences, and achieve operational efficiency. The digital revolution has led to an explosion of data from various sources, including public and private clouds, hybrid clouds, data analytics, and untapped sources like social media data and IoT-generated information. This fragmented data landscape presents challenges in terms of integration and interoperability, but also opportunities for advanced analytics, real-time processing, and scalable infrastructure. Machine learning algorithms and predictive modeling are key tools for making sense of this data, enabling applications ranging from consumer behavior analysis and revenue growth to inventory management and demand forecasting. Technology players are collaborating to develop big data infrastructure and expand their data analytics capabilities, while governments and organizations are investing in smart city development and smart nation initiatives to improve public services and resource allocation. The economic growth potential of big data is significant, with applications spanning from urban living and online shopping to supply chain optimization and demand forecasting.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionServicesEnd-userBFSITelecomRetailOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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