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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..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

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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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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