The global big data technology & service market was valued at USD 21.19 billion in 2017, and is expected to reach a value of USD 77.58 billion by 2025, at an estimated CAGR of +24%,over the forecast period (2018-2025).
Pune, India -- (SBWIRE) -- 04/18/2018 -- The research report predicts the global Big Data Technologies and Services market to grow at a CAGR of +24% from 2018 to 2025.
The scope of the report is limited to software solutions and services offered by various vendors in the market. The rise in adoption of big data services in industries is one of the primary drivers for market growth. Big data services assist the organizations in making decisions in different work areas. The implementation of big data technologies with IT systems in an organization helps gain information and new insights from unstructured and structured data from numerous sources such as databases, streams, APIs, file systems and other platforms and applications.
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The deployment of these solutions over cloud offers great convenience, as the service vendor is responsible for providing maximum uptime, data security, and periodic updates, thus decreasing the total cost of ownership. The current market trends, including delivery of these solutions on the pay-per-use models and SaaS models, wherein the service vendors also assume the responsibility of maintaining data and application information, are further driving the adoption of these solutions. Moreover, this mode has seen an increase in deployment in small-/medium-scale businesses, as it cuts down the capital expenditure involved in building the required infrastructure on their premises.
Top Players: IBM, Microsoft, Oracle, SAP, Hewlett-Packard, Cisco Systems, SAS Institute, Information Builders, MicroStrategy , Accenture PLC.
Regions Covered:
United States, North America, Europe, China, Japan, Southeast Asia, India.
Vendors in the Global Big Data Technologies and Services Market are increasingly introducing business intelligence solution that allows businesses to work with data collected from a number of diverse sources. As businesses gain more confidence about the reliability of data-driven decisions undertaken by software solutions in real time, self-service business analytics solutions will gain more prominence in the global business intelligence market in the next few years.
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After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report's authors in the study. Most companies in the Big Data Technologies and Services market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in this global market.
The cost analysis of the Global Big Data Technologies and Services market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as industrial chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market.
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Table of Contents
Global Big Data Technologies and Services Market Research Report 2018
Chapter 1 Global Big Data Technologies and Services Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Big Data Technologies and Services Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
The report also looks into influential external factors likely to affect the development of the Big Data Technologies and Services market in the coming years. These include the technological framework of the industry and likely advances expected in the coming years, consumer preference patterns, economic environment, and the demand for alternative technologies and devices.