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Data Analytics Market

ID: MRFR/ICT/1157-CR
110 Pages
Shubham Munde
October 2022

Data Analytics Market Research Report Information By Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, and Customer Analytics), By Solution (Data Management, Fraud & Security Intelligence, Data Mining, and Data Monitoring), By Application (Enterprise Resource Planning, Supply Chain Management, Human Resource Management, and Database Management), By Deployment (Cloud, and On-Premises), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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Data Analytics Market Summary

As per MRFR analysis, the Data Analytics Market was estimated at 89.7 USD Billion in 2024. The Data Analytics industry is projected to grow from 114.46 USD Billion in 2025 to 1309.67 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 27.6 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Data Analytics Market is experiencing robust growth driven by technological advancements and increasing demand for data-driven insights.

  • North America remains the largest market for data analytics, showcasing a strong preference for cloud-based solutions.
  • Asia-Pacific is emerging as the fastest-growing region, with a notable emphasis on predictive analytics.
  • Predictive analytics continues to dominate the market, while prescriptive analytics is rapidly gaining traction.
  • The rising demand for real-time analytics and the integration of artificial intelligence are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 89.7 (USD Billion)
2035 Market Size 1309.67 (USD Billion)
CAGR (2025 - 2035) 27.6%

Major Players

IBM (US), Microsoft (US), SAS (US), Oracle (US), SAP (DE), Tableau (US), Qlik (US), Alteryx (US), Domo (US)

Data Analytics Market Trends

The Data Analytics Market is currently experiencing a transformative phase, characterized by rapid advancements in technology and an increasing demand for data-driven decision-making across various sectors. Organizations are recognizing the value of harnessing vast amounts of data to gain insights that can enhance operational efficiency, improve customer experiences, and drive innovation. As businesses strive to remain competitive, the integration of advanced analytics tools and techniques is becoming essential. This shift is not merely a trend but appears to be a fundamental change in how organizations operate, with data analytics becoming a core component of strategic planning and execution. Moreover, the Data Analytics Market is witnessing a growing emphasis on real-time analytics, which allows companies to respond swiftly to market changes and consumer behavior. The rise of artificial intelligence and machine learning technologies is further propelling this market forward, enabling more sophisticated data processing and predictive analytics capabilities. As organizations continue to invest in these technologies, the landscape of the Data Analytics Market is likely to evolve, presenting new opportunities and challenges for stakeholders. The focus on data privacy and ethical considerations is also becoming increasingly prominent, suggesting that future developments will need to balance innovation with responsible data management practices.

Increased Adoption of Cloud-Based Solutions

Organizations are increasingly migrating their data analytics operations to cloud platforms. This shift allows for greater scalability, flexibility, and cost-effectiveness. Cloud-based solutions facilitate collaboration and enable businesses to access advanced analytics tools without the need for extensive on-premises infrastructure.

Emphasis on Predictive Analytics

There is a notable trend towards predictive analytics, where organizations leverage historical data to forecast future outcomes. This approach empowers businesses to make proactive decisions, optimize processes, and enhance customer engagement by anticipating needs and preferences.

Focus on Data Governance and Compliance

As data privacy regulations become more stringent, organizations are prioritizing data governance frameworks. This trend highlights the importance of ensuring data quality, security, and compliance with legal standards, thereby fostering trust among consumers and stakeholders.

Data Analytics Market Drivers

Expansion of Internet of Things (IoT)

The expansion of the Internet of Things (IoT) is significantly impacting the Data Analytics Market. As more devices become interconnected, the volume of data generated is increasing exponentially. This surge in data presents both challenges and opportunities for organizations seeking to harness insights from IoT-generated information. Recent projections indicate that the number of connected IoT devices could reach 75 billion by 2025, leading to a substantial increase in data analytics requirements. Companies are leveraging advanced analytics tools to process and analyze this vast amount of data, enabling them to optimize operations and enhance customer experiences. The integration of IoT with data analytics is likely to drive innovation across various sectors, including manufacturing, healthcare, and smart cities, thereby shaping the future of the Data Analytics Market.

Rising Demand for Real-Time Analytics

The Data Analytics Market is experiencing a notable surge in demand for real-time analytics solutions. Organizations are increasingly recognizing the value of immediate insights derived from data, which can enhance decision-making processes. According to recent estimates, the real-time analytics segment is projected to grow at a compound annual growth rate of over 30% through 2026. This growth is driven by the need for businesses to respond swiftly to market changes and customer preferences. As a result, companies are investing in advanced technologies that facilitate real-time data processing and analysis. This trend not only improves operational efficiency but also fosters a competitive edge in various sectors, including retail, finance, and healthcare. The emphasis on real-time analytics is likely to shape the future landscape of the Data Analytics Market.

Increased Focus on Data-Driven Decision Making

The increased focus on data-driven decision making is a pivotal driver in the Data Analytics Market. Organizations are increasingly recognizing the necessity of leveraging data to inform strategic choices and operational improvements. This shift is supported by the growing availability of advanced analytics tools that facilitate data interpretation and visualization. Recent surveys indicate that over 70% of executives believe that data-driven insights are essential for achieving competitive advantage. As businesses strive to enhance their agility and responsiveness, the demand for data analytics solutions is expected to rise. This trend underscores the importance of cultivating a data-centric culture within organizations, which is likely to propel the growth of the Data Analytics Market in the coming years.

Growing Importance of Data Privacy and Security

In the Data Analytics Market, the growing importance of data privacy and security is becoming a critical driver. With the increasing volume of data being generated, organizations are under pressure to ensure that sensitive information is protected. Regulatory frameworks, such as the General Data Protection Regulation (GDPR), have heightened awareness regarding data governance. As a result, companies are investing in robust security measures and compliance strategies to safeguard their data assets. Recent statistics indicate that the global spending on data security solutions is projected to exceed 150 billion dollars by 2025. This focus on data privacy not only helps organizations avoid legal repercussions but also builds trust with customers. Consequently, the emphasis on data security is likely to influence the strategies and technologies adopted within the Data Analytics Market.

Integration of Artificial Intelligence and Machine Learning

The integration of artificial intelligence (AI) and machine learning (ML) into the Data Analytics Market is transforming how organizations analyze and interpret data. AI and ML technologies enable businesses to automate complex data analysis tasks, uncover hidden patterns, and generate predictive insights. Recent data suggests that the AI-driven analytics market is expected to reach a valuation of approximately 40 billion dollars by 2025. This integration allows for more sophisticated data modeling and enhances the accuracy of forecasts. As organizations increasingly adopt AI and ML capabilities, they are likely to improve their operational efficiencies and drive innovation. The synergy between these technologies and data analytics is anticipated to create new opportunities and challenges within the Data Analytics Market, pushing the boundaries of what is possible in data-driven decision-making.

Market Segment Insights

Data Analytics Market Type Insights

Based on Type, the Data Analytics Market segmentation includes Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, and Customer Analytics. The predictive analytics segment held the majority share in 2022, contributing most of the Data Analytics Market revenue. The expansion of this segment can be attributed to the increase in the usage of social media sites and the rise of virtual businesses that generate large amounts of data. Additionally, the evolution of SaaS-based data analytics helps simplify automated installations and creates powerful analytical models using a self-service paradigm.

Big data solution providers have been urged to increase their spending on cloud technologies to gain a competitive advantage to meet the growing demand for big data analytics solutions.

Data Analytics Market Solution Insights

The solution has bifurcated the Data Analytics Market data into Data Management, Fraud & Security Intelligence, Data Mining, and Data Monitoring. Fraud & Security Intelligence has a considerable share of the market. The segment's growth can be attributed to the increasing adoption of advanced analytics to identify fraudulent transactions, optimize processes, and address data risks. Furthermore, increasing the Deployment of BI software to enable continuous access to customer databases, secure transactions, and enhanced customer experience is also expected to drive the growth of this segment over the forecast period.

Figure 2: Data Analytics Market by Solution, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Data Analytics Market Application Insights

The Data Analytics industry has been segmented based on Application into Enterprise Resource Planning, Supply Chain Management, Human Resource Management, and Database Management. Database management accounts for the largest share of the Data Analytics Market because it allows these companies to personalize their offerings to each customer's needs and identify their most valuable customers.

Data Analytics Market Deployment Insights

Based on Deployment, the Data Analytics industry has been segmented into Cloud and On-Premises. The on-Premises segment is expected to contribute a higher market share. On-premises installations give businesses more control over how their IT infrastructure is customized, reducing reliance on the network and protecting sensitive company information from theft and fraud. These advantages are expected to convince large enterprises to opt for on-premises deployments.

Get more detailed insights about Data Analytics Market

Regional Insights

North America : Data Analytics Market Powerhouse

North America is the largest market for data analytics, holding approximately 45% of the global share. The region's growth is driven by rapid technological advancements, increasing demand for data-driven decision-making, and supportive regulatory frameworks. The U.S. government has been promoting data analytics through various initiatives, enhancing the market's growth potential. The United States and Canada are the leading countries in this region, with major players like IBM, Microsoft, and Oracle headquartered in the U.S. The competitive landscape is robust, with numerous startups and established firms innovating in analytics solutions. The presence of key players ensures a dynamic market environment, fostering continuous growth and development.

Europe : Emerging Analytics Hub

Europe is witnessing significant growth in the data analytics market, accounting for about 30% of the global share. The region's demand is fueled by increasing investments in digital transformation and a strong emphasis on data privacy regulations, such as GDPR. Countries like Germany and the UK are leading this growth, supported by government initiatives aimed at enhancing data capabilities. Germany, the UK, and France are at the forefront of this market, with a competitive landscape featuring both established firms and innovative startups. Key players like SAP and Tableau are making substantial contributions to the market. The European market is characterized by a strong focus on compliance and ethical data usage, which shapes the competitive dynamics.

Asia-Pacific : Rapidly Growing Analytics Sector

Asia-Pacific is rapidly emerging as a significant player in the data analytics market, holding around 20% of the global share. The region's growth is driven by increasing internet penetration, a surge in mobile device usage, and a growing emphasis on big data analytics across various sectors. Countries like China and India are leading this growth, supported by favorable government policies and investments in technology. China and India are the primary markets in this region, with a competitive landscape that includes both local and international players. Companies like Alteryx and Domo are expanding their presence, catering to the growing demand for analytics solutions. The region's diverse industries are increasingly adopting data analytics to enhance operational efficiency and customer engagement.

Middle East and Africa : Emerging Analytics Frontier

The Middle East and Africa region is at the nascent stage of the data analytics market, holding approximately 5% of the global share. However, the potential for growth is substantial, driven by increasing investments in technology and a growing awareness of data-driven decision-making. Countries like South Africa and the UAE are leading the charge, with government initiatives aimed at fostering innovation in analytics. South Africa and the UAE are the key players in this region, with a competitive landscape that is gradually evolving. Local firms are beginning to emerge, while international players are also establishing a foothold. The region's unique challenges and opportunities present a dynamic environment for data analytics, paving the way for future growth.

Data Analytics Market Regional Image

Key Players and Competitive Insights

The Data Analytics Market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and an increasing demand for data-driven decision-making across various sectors. Major players such as IBM (US), Microsoft (US), and Oracle (US) are strategically positioning themselves through innovation and partnerships, thereby enhancing their operational focus. IBM (US) emphasizes its commitment to artificial intelligence and machine learning, while Microsoft (US) leverages its cloud capabilities to provide comprehensive analytics solutions. Oracle (US) continues to expand its offerings through acquisitions, which collectively shape a competitive environment that is increasingly reliant on advanced analytics capabilities and integrated solutions.

The market structure appears moderately fragmented, with a mix of established players and emerging startups. Key business tactics such as localizing services and optimizing supply chains are prevalent among these companies, allowing them to cater to regional demands effectively. The collective influence of these major players fosters a competitive atmosphere where innovation and customer-centric solutions are paramount, driving the market forward.

In September 2025, IBM (US) announced a strategic partnership with a leading healthcare provider to enhance predictive analytics capabilities in patient care. This collaboration is significant as it not only showcases IBM's commitment to leveraging data analytics in the healthcare sector but also positions the company as a leader in providing tailored solutions that address specific industry challenges. Such partnerships are likely to enhance IBM's market share and reinforce its reputation as a pioneer in the field.

In August 2025, Microsoft (US) launched a new suite of analytics tools integrated with its Azure cloud platform, aimed at small to medium-sized enterprises. This move is crucial as it democratizes access to advanced analytics, enabling smaller businesses to harness the power of data without substantial investment. By focusing on this segment, Microsoft (US) is likely to capture a growing market that seeks affordable yet powerful analytics solutions, thereby solidifying its competitive edge.

In July 2025, Oracle (US) completed the acquisition of a prominent data visualization company, enhancing its analytics portfolio. This acquisition is strategically important as it allows Oracle (US) to offer more comprehensive and user-friendly analytics solutions, catering to a broader audience. The integration of advanced visualization tools is expected to attract new customers and retain existing ones, further strengthening Oracle's position in the market.

As of October 2025, current competitive trends in the Data Analytics Market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are increasingly shaping the landscape, as companies recognize the value of collaboration in driving innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, reliability in supply chains, and the ability to deliver customized solutions that meet the unique needs of diverse industries.

Key Companies in the Data Analytics Market market include

Industry Developments

  • September 2023 – Oracle Fusion Data Intelligence Platform is a new revolutionary platform for data, analytics, and AI that was introduced by Oracle. This capability enables users of Oracle Fusion Cloud Applications to improve their business performance by combining judgment and actions with insights derived from data analysis.
  • August 2023 – Synthetic, a startup that focuses on space and air sensors data analytics through artificial intelligence, has just inked a deal with Microsoft with five years of collaboration. The AI tool known as the Rapid Automatic Image Categorization (RAIC) was created using the Microsoft Azure cloud ecosystem by Synthetic. Under this scenario, Microsoft provided Synthetaic with the availability of sufficient cloud computing resources which amounted to around one million hours.
  • May 2023 – Microsoft introduced a novel data and analytical solution known as the Microsoft Fabric. This solution offers a multi-cloud data lake called OneLake and embedded SaaS. Fabric is a robust analytical solution that meets all the analytics needs of a business organization. The data in Fabric is provided with a competent and effective arrangement in an easy-to-use data hub and cataloged automatically for effective sharing, searching, compliance, and governance.
  • February 2023 - Recent reports indicate that IBM, together with NASA Marshall Space Flight Center, has recently announced a partnership where IBM Artificial Intelligence technology will be utilized to help achieve significant breakthroughs within the vast range of geospatial and Earth science data that are held by NASA. In this cooperation, for the first time, computer vision technology incorporating foundation model AI will be applied to the data coming from NASA Earth-observing satellites.
  • May 2023 - From reports sourced from the company's site, IBM Databricks provides a variety of AI-based models. Recently, Databricks, a United States company based in the city of San Francisco is reported to have opened its first office in the country of Israel. The office can also assist the company in developing its business in this region and also take advantage of the locally available skilled potential human resources.
  • May 2023: Dell Technologies partnered with NeuroBlade to improve data analytics, and this solution is targeted at providing customers with security, reliability and the architecture of the first processor that has been tested in the industry in supporting high throughput data analytics workloads. Through the partnership, NeuroBlade bolsters its market strategy and increases demand for the development of more advanced solutions.
  • January 2023: Atos announced that it was chosen by AVL List GmbH in Austria in order to provide a new high-performance computing cluster based on BullSequanaXH2000 servers and five years of maintenance services. This significance, the company being a mobility technology provider for the development and testing of automotive industries, would utilize the supercomputer from Atos More Complex and Powerful Simulations, which were optimized for energy consumption.

Future Outlook

Data Analytics Market Future Outlook

The Data Analytics Market is projected to grow at a 27.6% CAGR from 2024 to 2035, driven by advancements in AI, increased data generation, and demand for real-time insights.

New opportunities lie in:

  • Development of AI-driven predictive analytics tools for retail optimization.
  • Integration of data analytics in supply chain management for enhanced efficiency.
  • Creation of customized analytics solutions for small and medium enterprises.

By 2035, the Data Analytics Market is expected to be a cornerstone of strategic decision-making across industries.

Market Segmentation

Data Analytics Market Type Outlook

  • Predictive Analytics
  • Prescriptive Analytics
  • Descriptive Analytics
  • Customer Analytics

Data Analytics Market Solution Outlook

  • Data Management
  • Fraud & Security Intelligence
  • Data Mining
  • Data Monitoring

Data Analytics Market Deployment Outlook

  • Cloud
  • On-Premises

Data Analytics Market Application Outlook

  • Enterprise Resource Planning
  • Supply Chain Management
  • Human Resource Management
  • Database Management

Report Scope

MARKET SIZE 2024 89.7(USD Billion)
MARKET SIZE 2025 114.46(USD Billion)
MARKET SIZE 2035 1309.67(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 27.6% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Market analysis in progress
Segments Covered Market segmentation analysis in progress
Key Market Opportunities Integration of artificial intelligence enhances predictive analytics capabilities in the Data Analytics Market.
Key Market Dynamics Rising demand for real-time data insights drives technological advancements and competitive dynamics in the Data Analytics Market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Shubham Munde
Research Analyst Level II

With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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FAQs

What is the current valuation of the Data Analytics Market in 2025?

The Data Analytics Market is valued at 89.7 USD Billion in 2024 and is projected to grow significantly in the coming years.

What is the expected CAGR for the Data Analytics Market from 2025 to 2035?

The expected CAGR for the Data Analytics Market during the forecast period 2025 - 2035 is 27.6%.

Which companies are considered key players in the Data Analytics Market?

Key players in the Data Analytics Market include IBM, Microsoft, SAS, Oracle, SAP, Tableau, Qlik, Alteryx, and Domo.

What are the main segments of the Data Analytics Market?

The main segments of the Data Analytics Market include Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, and Customer Analytics.

How does the valuation of Predictive Analytics compare to other segments?

Predictive Analytics was valued at 20.0 USD Billion in 2024 and is projected to reach 300.0 USD Billion by 2035.

What is the projected valuation for the Data Management segment by 2035?

The Data Management segment is expected to grow from 20.0 USD Billion in 2024 to 300.0 USD Billion by 2035.

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