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Europe Big Data Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Analytics Tool, Application, and End Use Industry

Europe Big Data Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Analytics Tool, Application, and End Use Industry

  • August 2022
  • 163 pages
  • ID: 6316734
  • Format: PDF
  • The Insight Partners

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The Europe big data analytics market is expected to grow from US$ 63.89 million in 2022 to US$ 153.92 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.

Firms can access, store, and process huge amounts of data due to advances in information technologies.Organizations analyze data sets and generate significant insights to apply to their operations, thereby demonstrating the importance of big data in several industries.

Due to the broad adoption of digital technology, big data analytics (BDA) has emerged as a vital business competency for firms seeking to extract value from an ever-increasing volume of data to achieve a competitive advantage.BDA in logistics and supply chain management (LSCM) has gotten tremendous attention due to its complexity and the important role of LSCM in improving overall business performance.

Delayed shipments, rise in fuel costs, inconsistent suppliers, and ever-increasing customer expectations are among the significant challenges in LSCM, resulting in inefficiency and wastage in supply chains.Businesses of all sizes, from financial services to automobile manufacturing, healthcare, and nonprofits, recognize the importance of data.

It is becoming increasingly important to use big data analytics in a supply chain to get meaningful insights. In many omnichannel operations, the retail sector streams a tremendous quantity of data across its supply chains and customer touchpoints. Infosys Limited launched a tailored medication solution for the pharmaceutical industry in June 2020. Pharmaceutical firms can use the SAP C/4HANA suite, SAP S/4HANA, SCI platform, and SAP Analytics Cloud solutions to meet regulatory and business requirements while providing individualized patient experiences. SAP SE announced other products and access to its technology in April 2020 to help companies combat the infection spread of novel coronavirus that causes COVID-19. The Qualtrics Supply Continuity Pulse solution and Planning as a Service (PaaS) with the SAP Integrated Business Planning for Supply Chain solution are untied options. Moreover, Deloitte and SAS announced an agreement in July 2018 to manage complicated risk and regulatory calculations at scale, turning compliance into an opportunity. Thus, the increasing adoption of big data analytics in supply chain management drives the big data analytics market growth in Europe.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets.This factor is likely to drive the Europe big data analytics market in the coming years .

The market is expected to grow at a good CAGR during the forecast period.

Europe Big Data Analytics Market Revenue and Forecast to 2028 (US$ Million)

Europe Big Data Analytics Market Segmentation

The Europe big data analytics market is segmented based on component, analytics tool, application, end use industry, and country.Based on component, the market is bifurcated into software and services.

The software dominated the market in 2022 and services segment is expected to be fastest growing during forecast period.Based on analytics tool, the market is segmented into dashboard and data visualization, data mining and warehousing, self-service tool, reporting, and others.

The dashboard and data visualization dominated the market in 2022 and reporting segment is expected to be fastest growing during forecast period.Based on application, the market is segmented into customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and others.

The customer analytics dominated the market in 2022 and pricing analytics segment is expected to be fastest growing during forecast period. Based on end use industry, the market is segmented into pharmaceutical, semiconductor, battery manufacturing, electronics, and others. The others dominated the market in 2022 and pharmaceutical segment is expected to be fastest growing during forecast period. Based on country, the Europe big data analytics market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe.

Amazon Web Services, FICO, Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Teradata, TIBCO Software Inc. are among the leading companies in the Europe big data analytics market.

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