Press Release

Saudi Arabia Big Data Analytics Market to Register a high CAGR until 2028

The rising advent of machine learning and Artificial Intelligence (AI) and the rising penetration of social networking platforms are expected to increase the growth of Saudi Arabia Big Data Analytics Market during the forecast period of 2024-2028.

According to TechSci Research report, “Saudi Arabia Big Data Analytics Market - By Region, Competition Forecast & Opportunities, 2018–2028,” the Saudi Arabia Big Data Analytics Market is anticipated to register a robust growth during the forecast period, 2024-2028”.

The primary factors driving the expansion of the Internet of Things infrastructure, expanding enterprise networks, increasing data complexity, and advancements in data analytics solutions are what will drive the Saudi Arabia Big Data Analytics Market. Large amounts of data produced by dispersed devices across industrial, commercial, and residential infrastructures are referred to as "big data.

Additionally, the Saudi Arabian Big Data Analytics Market is expanding as a result of a movement in consumer preference toward the use of distributed processing across clusters of computing devices utilizing straightforward programming. Big data is expected to grow dramatically in the upcoming years due to rising process complexity across several organizations and a developing IT ecosystem. During the forecast period, this is predicted to drive Saudi Arabia Big Data Analytics Market's growth.

Additionally, the Kingdom is developing a big data ecosystem that is hospitable to AI through supporting NEOM and other smart city initiatives. All of these are in line with Saudi Vision 2030, which sets forth the Kingdom's goals for transforming its towns into smart ones by employing contemporary technology and municipal data. A contract supporting international AI cooperation was signed in 2020 between the Saudi Data and Artificial Intelligence Authority (SDAIA) and the UN's International Telecommunication Union (ITU). Additionally, Saudi Arabia promised to work with the International Telecommunication Union (ITU) to create projects, activities, and initiatives that would encourage more multi-stakeholder participation, international cooperation, and knowledge-sharing to hasten the achievement of the Sustainable Development Goals of the United Nations (SDGs). Given increased government support, a competitive sector with a sizable number of regional businesses, and expectations that it will the Saudi Arabia Big Data Analytics Market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Big Data Analytics Market "

Saudi Arabia Big Data Analytics Market is segmented into deployment mode, application, component, organization size, analytics type, end use industry, region, and competitive landscape.

On the basis of deployment mode, the on- premises expected to dominate the Saudi Arabia Big Data Analytics Market because businesses may configure their IT infrastructure more freely and effectively with on-premises installations, which also reduce their reliance on the internet and protect confidential company data from fraud and theft. These benefits are anticipated to influence major businesses to opt for on-premises deployment. Businesses in the BFSI sector also prefer the on-premises approach due to growing concerns over frauds such new account fraud and account takeovers. Businesses that operate on-site are less vulnerable to these frauds, which supports the segment's growth.

On the basis of Organization Size, Large Enterprises are anticipated to predominate in Saudi Arabia Big Data Analytics Market. The growth in the usage of sophisticated analytics tools, such as business analytics and customer analytics, for managing massive databases of assets and customers in large businesses is what will drive the Saudi Arabia Big Data Analytics Market in 2022. In addition, a lot of large companies are putting big data analytics to use to increase sales, expand analytics knowledge, and improve risk management skills. Additionally, big data analytics aids in the better understanding of the data by organizations and the distribution of vital information to people in need.

Major market players operating in the Saudi Arabia Big Data Analytics Market are:

  • HData Systems
  • Quant Data & Analytics
  • Comprehensive Technology Company (CompTechCo)
  • Oracle Corporation
  • Midis Group
  • Sadeem Knowledge
  • Environmental Systems Research Institute, Inc.
  • SAS Institute Inc.
  • Teradata Corporation
  • Microsoft Corporation
  • Amazon Web Services Inc.
  • SAP SE

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“Developing nations are aware of the advantages of new technologies for increasing economic value. One of these emerging nations, Saudi Arabia is investing in cutting-edge technology to achieve its 2030 national vision. One of the newer technologies in Saudi Arabia, particularly in the educational sector, is big data analytics. This technology has the potential to increase businesses' ability to realize value. Furthermore, by utilizing big data analytics technologies, the Saudi government has improved decision-making.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Saudi Arabia Big Data Analytics Market By Deployment Mode (On-Premise, Cloud and Hybrid), By Application (Risk & Fraud Analytics, Enterprise Data Warehouse Optimization, Internet of Things, Customer Analytics, Operational Analytics, Security Intelligence and Others), By Component (Solutions and Services), By Organization Size (Large Enterprises and SMEs), By Analytics Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics), By End Use Industry (BFSI, Healthcare, Government, IT & Telecom, Manufacturing, Retail and Others), By Region, Competition   Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Saudi Arabia Big Data Analytics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Big Data Analytics Market.


Mr. Ken Mathews

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