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Did you know that by 2025, more than 152,000 IoT devices will be connected per minute? The amount of data generated has increased tremendously with the increasing use of AI, ML, and IoT. Big data analytics is helpful in this situation. The technology, also called data analytics, is the foundation of contemporary edge computing. For unfamiliar people, edge computing is a system where processors are placed far closer to the data source or destination than clouds.
These factors will likely cause the big data analytics market to expand rapidly over the coming years. By 2030, this market's valuation might reach US$745.15 billion. Additionally, a CAGR of 13.5% is predicted for the market between 2022 and 2030. By 2023, the market, valued at US$271.83 billion in 2022, is anticipated to have grown to USD 307.52 billion. Here are the top 10 revolutionary big data analytics companies of 2023.
The New York-based IBM Corporation is a key provider of big data products and one of the top big data analytics firms globally. These include IBM Watson Studio, IBM Db2 Big SQL, IBM Big Replicate for Hadoop, and Cloudera Big Data. These products support ultralow latency data acquisition, processing, and management. Businesses can use these technologies to make decisions more quickly and effectively, lowering their data storage and analysis expenses.
The German IT behemoth SAP SE provides businesses with customer-focused goods and services that support data-driven decision-making. Data management tools, including SAP Data and Analytics Solutions, SAP Data Warehouse Cloud, SAP Master Data Governance, SAP Analytics Cloud, and SAP HANA Cloud, are among its products.
The Bill Gates-founded hardware and software services company Microsoft Corporation provides customers with tools that make storing and processing various data easy. This covers real-time, unstructured, and structured data. The IT major uses big data and analytics to gather, process, and analyze data.
The SAS Institute Inc., headquartered in North Caroline, North Carolina, creates a range of technology, including Hadoop, data mining, big data analytics, data management, in-memory analytics, predictive analytics, machine learning, text mining, and cloud computing, to extract the most helpful information.
FICO, called Fair Isaac Corporation, is a data analytics business headquartered in San Jose, California. The company supports firms in making smarter decisions to maximize profitability, uncover more significant development potential, and improve customer happiness. Customer growth, decision management and optimization, debt collection and recovery, scoring solutions, and fraud prevention compliance are just a few services the business provides.
With its global headquarters in Austin, Texas, Oracle Corporation is one of the top suppliers of comprehensive data services that assist businesses in obtaining, handling, sorting, and processing data. The company provides object storage and analysis using Oracle Cloud SQL and Hadoop-based data lakes. It ranks among the top big data analytics businesses worldwide.
To maximize the use of data, Salesforce Inc. specializes in providing advanced analytics solutions, such as CRM analytics. The company in San Francisco, California, offers powerful analytics and reporting tools that work together to analyze data and take action on it.
Equifax Inc., the leading data analytics solutions provider, enables knowledge transformation and enhanced decision-making. These tools assist businesses in making wiser decisions and moving in the direction of improvement.
Based in Chicago, TransUnion specializes in big data and analytics technologies that support analytical resources, improve analytical insights, and use analytical tools and specialists.
Big data analytics products from QlikTech International AB, including Hadoop Data Lake, big data consolidation, data replication, and CDC, are well-known for preparing data for processing and in-depth analysis.
