The big data and artificial intelligence market is projected to grow from $385.89 billion in 2024 to $884.42 billion in 2029, driven by increased data generation and AI investments. Key players include Amazon, Microsoft, and Intel. Key trends involve ethical AI, cloud adoption, and strategic tech collaborations.
Big Data and Artificial Intelligence Market
Dublin, Sept. 02, 2025 (GLOBE NEWSWIRE) -- The "Big Data and Artificial Intelligence Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The big data and artificial intelligence market size has grown rapidly in recent years. It will grow from $385.89 billion in 2024 to $456.35 billion in 2025 at a compound annual growth rate (CAGR) of 18.3%.
The growth observed during the historic period can be attributed to several factors, including an increasing focus on ethical artificial intelligence, rising demand for data-driven decision-making, greater adoption of artificial intelligence, heightened efforts by tech giants, and a growing demand for automation.
The big data and artificial intelligence market size is expected to see rapid growth in the next few years. It will grow to $884.42 billion in 2029 at a compound annual growth rate (CAGR) of 18%. The growth projected for the forecast period can be attributed to several factors, including the increasing generation of data across industries, greater adoption of cloud computing, rising investments in artificial intelligence, growing cybersecurity threats, and the escalating volume of data generated.
Key trends during this period include the rise of edge computing, investments in advanced big data tools, technological advancements, strategic collaborations, and the expansion of artificial intelligence in cybersecurity.
The growth of the big data and artificial intelligence market is expected to be driven by the increasing volume of data generated. The amount of data is growing rapidly due to the rise of internet of things (IoT) devices, social media, digital transactions, high-resolution media, and real-time analytics. Big data and artificial intelligence play a crucial role in managing this data by automating data collection, improving real-time processing, and extracting insights from various digital sources.
This integration allows businesses to optimize decision-making, enhance efficiency, and foster innovation across different industries. For example, in September 2023, the International Telecommunication Union reported that 67% of the global population, or 5.4 billion people, had internet access in 2022, marking a 4.7% increase from 2021. This growth in internet access is contributing to the rise in data generation, driving the expansion of the big data and artificial intelligence market.
Companies in the big data and artificial intelligence market are focusing on developing services such as AI-driven retrieval systems to maintain their competitive edge. These intelligent systems use artificial intelligence to extract, organize, and present relevant information from both structured and unstructured data sources. For instance, in February 2025, Snowflake Inc., a US-based cloud data storage company, introduced Cortex Agents, a retrieval service designed to enhance AI-driven data access and decision-making for businesses. The agents help retrieve structured data from Snowflake tables and unstructured data from object storage such as PDFs. Additionally, Cortex Search improves the retrieval of unstructured data and claims to outperform OpenAI's embedding models by at least 11% across various benchmarks. These innovations enable businesses to analyze large datasets more efficiently, improving AI-driven decision-making and governance.
In August 2024, Advanced Micro Devices Inc. (AMD), a US-based semiconductor company, acquired Silo AI for $665 million. This acquisition aims to accelerate the development and deployment of artificial intelligence (AI) models on AMD hardware, enhancing the company's AI capabilities and expanding its position in the AI-driven computing market. Silo AI, based in Finland, specializes in providing AI services and utilizes big data to create customized AI-driven solutions.
Major players in the big data and artificial intelligence market are Amazon Web Services Inc., Microsoft Corporation, Dell Technologies, Intel, IBM, Cisco Systems, Oracle, Google, SAP, Hewlett Packard Enterprise Company, NVIDIA Corporation, Salesforce Inc., Adobe Inc., Infosys Limited, SAS Institute Inc., LTI Mindtree Ltd., Teradata Corporation, QlikTech International AB, ScienceSoft USA Corporation, Yalantis, Cyfuture India Pvt. Ltd., Feathersoft Info Solutions Pvt Ltd., and Addepto.
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