Global big data market is expected to grow at a CAGR over16% from 2017 to 2025 Segmented by Component (Software, Big data analytics, Data management), Type, Deployment Model, Industry Vertical and Geography.
Portland, OR -- (SBWIRE) -- 06/13/2018 -- Global big data market is expected to grow at a CAGR of 16% from 2017 to 2025. Big data is about utilization of advanced analytics techniques including predictive analysis, machine learning, and data mining to analyze different types and sizes of data. These data types include structured and unstructured, while sizes include terabytes to zettabytes. Data sets in the organizations are growing rapidly and collected with the help of various sources such as mobile devices, cameras, microphones, RFID readers, and wireless networks. This data needs to be analyzed and insights should be offered to organizations to help in taking necessary steps to grow business and increase profitability. Big data helps them in gaining insights from large set of data and achieving success along with building sustainable business.
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Market Drivers and Restraints:
The global big data market is driven by rise in fraudulent activities, switch from analog to digital, and rise in adoption of IoT technologies. On the other hand, rise in concerns regarding security-related issues and lack of awareness regarding benefits of big data hinder growth in the market.
Big data analytics
Data discovery & visualization
Consulting & system integration
Training and support
By Deployment Model
By Industry Vertical
Banking, Financial Services, and Insurance (BFSI)
Government & Defense
Healthcare & Life Sciences
Retail & Consumer Goods
Media & Entertainment
Energy & Utility
IT & Telecommunication
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key Market Players:
Key market players operating in the global big data industry are analyzed in the report to assist leading players and startups gain information on competitive intensity and steps to be adopted to acquire leadership in the global market. Market players explored in the research are International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle, SAP SE, Hewlett-Packard Enterprises, SAS Institute, Amazon Web Services, Teradata, Dell Incorporation, and Splunk. They have adopted strategies such as expansion, partnerships, joint ventures, collaborations, mergers & acquisitions, and others to strengthen their position in the industry.
Key Takeaways from the Report:
The research provides a comprehensive analysis of the global big data market based on current market scenario and projections are provided for the forecast period, 2017–2025.
The report offers insights on changing market trends to help market players determine market conditions and feasibility for investment.
The study offers an in-depth analysis of drivers, restraints, and opportunities along with factors responsible to influence the market worldwide.
The research on the global big data market provides a comprehensive analysis for the historic period and the forecast period along with strategies to be taken to gain leadership position in the market.
Porter's Five Forces analysis provides information on competitive intensity of the market and highlights potency of suppliers and buyers.