Brazil Big Data Analytics Market to Witness 12.5% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
Feb 09, 2024
Market Overview: Brazil Big Data Analytics Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Brazil Big Data Analytics Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Brazil Big Data Analytics Market Insights 2024-30
The Brazil Big Data Analytics Market is estimated to grow at a CAGR of around 12.5% during the forecast period 2024-30.
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Driving Innovation: Exploring the Brazil Big Data Analytics Market and its Key Drivers
Brazil Big Data Analytics Market Driver: Growth of E-Commerce in Brazil Catalyzing the demand for Big Data Analytics
The increased accessibility of the internet and the widespread adoption of smartphones in Brazil have made online shopping more accessible to a larger portion of the population. Furthermore, improvements in the country’s logistics and transportation infrastructure have reduced delivery times and made it easier to deliver products across the nation. As a result, e-commerce has seen substantial growth in Brazil. According to the International Trade Administration, Brazil experienced a significant surge in e-commerce in 2021, with a remarkable 16% year-over-year increase.
Additionally, cross-border e-commerce transactions originating from Brazil grew by 21% in the same year. This rapid expansion of e-commerce has led to the generation of vast amounts of data, including information about customer behavior, transaction details, website interactions, and more. This data comes in various formats, such as text, images, and structured data. Therefore, the effective utilization of Big Data Analytics techniques has become imperative for processing, analyzing, and extracting valuable insights from this wealth of information.
Top Players in the Brazil Big Data Analytics Market:
Amazon Web Services, Inc., Splunk Inc., Tableau Software, LLC, Cortex Intelligence Tecnologia S.A., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Teradata, Cloudera Inc., Others
Brazil Big Data Analytics Industry Recent Development:
- 2023: Amazon Web Services (AWS) collaborated with the Government of Pará, Brazil, to develop and implement SeloVerde (Green Seal), an advanced tool aimed at tackling climate change challenges and enhancing traceability in supply chains vulnerable to deforestation. SeloVerde employs geospatial big data and AI/ML technologies to monitor deforestation within supply chains, benefiting from the powerful capabilities provided by AWS.
- 2023: Splunk Inc. has revealed that Qmulos, an automation provider specializing in compliance, security, and risk management, has become its Regional Partner of the Year. Also, Qmulos announced that it will continue leveraging the big data power of Splunk.
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Segmentation Analysis of Brazil Big Data Analytics Market
Brazil Big Data Analytics Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
- Predictive Analytics has witnessed a notable surge in demand, primarily driven by its extensive adoption in sectors such as energy and utilities, telecommunications, and more.
By Analytics Tool
-Dashboard and Data Visualization Tools
-Data Mining and Warehousing Tools
-Self-Service Analytics Tools
-Risk and Fraud Detection
-Supply Chain Analytics
-Operations & Logistics Analysis
-Others (Pricing Analytics, Financial Analytics, etc.)
-Energy & Utility
-Others (Transport & Logistics, Media & Entertainment, etc.)
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A Comprehensive Geographical Analysis:
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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