Latin America Big Data Analytics Industry Market Share

Market Share of Latin America Big Data Analytics Industry

The Latin American big data analytics market is characterized by moderate product differentiation, growing levels of product penetration, and high levels of competition. Generally, the solutions are offered as a package solution. Industry players focus on expanding their market share by innovating with faster and more secure technologies, while others are involved in acquisitions that are helping them maintain market dominance. Some players include Qliktech International AB, Splunk Inc., TIBCO Software Inc., Tableau Software LLC (Salesforce Inc.), and Microsoft Corporation.

• July 2023 - Splunk Inc. and Microsoft Corp. partnered to build Splunk's enterprise security and observability offerings on Microsoft Azure, fueling the market growth for the company in Latin America because of the expansion of Microsoft Azure cloud infrastructure in the Latin American region. Additionally, for the first time, Splunk solutions would be available on the Microsoft Azure Marketplace, supporting its market presence in the big data analytics market.
• June 2023 - Moody's Corporation and Microsoft announced a new strategic partnership to deliver next-generation data, analytics, research, collaboration, and risk solutions for financial services. The partnership would create innovative offerings that enhance insights into corporate intelligence and risk assessment, powered by Microsoft AI and anchored by Moody's proprietary data, analytics, and research.

Latin America Big Data Analytics Industry Leaders

1. Qliktech International AB

2. Splunk Inc.

3. TIBCO Software Inc.

4. Tableau Software LLC (Salesforce Inc.)

5. Microsoft Corporation

*Disclaimer: Major Players sorted in no particular order