Big Data and Data
Market To Reach USD
144.12 Billion By 2027
www.reportsanddata.comThe Global Big Data And Data Engineering Services Market is forecast to reach USD 144.12 Billion by
2026, according to a new report by Reports and Data. The big data is a term that represented the large
volume of data where it can be both structured and unstructured data, which are mounted for information.
Further key findings from the report suggest
Among service types, the data integration services section is likely to attain the highest CAGR of 21.8% during the
forecast period, owing to an escalation in need for integrating data from diverse data sources across businesses.
Integration begins with the imbibing process and involves steps such as cleansing, extraction, transformation,
load (ETL) mapping, and transformation.
The increase in the demand for sales department and marketing to examine and monitor various sales and
marketing data for gaining insights on retainment and consumer acquisition. This agent is anticipated to drive the
growth of the marketing and sales business sector during the forecast period. The marketing and sales segment
held a market share of 29.2% in the year 2018.
The retail and eCommerce section is expected to experience the highest CAGR of 22.8% during the forecast
period, due to an increasing requirement for managing the growing data requirements from various customers,
maintaining their records, and analyzing data to obtain insights.
Market Size – USD 31.31 Billion in 2018, Market Growth - CAGR of 20.9%, Market Trends – The advent of
big data integration in social media.
Service Type Outlook (Revenue, USD Billion; 2016-2026)
• Data Modeling
• Data Integration
• Data Quality
Application Type Outlook (Revenue, USD Billion; 2016-2026)
• Marketing and Sales
Accenture, Genpact, Cognizant, Infosys, Capgemini, NTT DATA, Mphasis, L&T Technology