Global Big Data Market - Overview
The Big Data Market is projected to grow at a
CAGR of 13.35% during the forecast period. As per the big data market research
report, the global market for big data is projected to grow swiftly by
US$81,500 million by 2023.
According to analysts, increased internet penetration
as well as growing adoption across enterprises will drive the market growth
during the forecast period. The big data market research report offers a
comprehensive analysis of the global big data market and its component,
deployment, organization, technology, and end user segments. The privacy and
security concerns along with the high cost of implementation are the elements
that could influence the big data market advancement throughout the forecast
period. The big data market research report by expert analysts is developed to
assist organizations in the big data market.
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Market Segmentation
The global big data market has been segmented based
on component, deployment, organization, technology, and end user.
On the basis of components, the market for big data
is segmented based on hardware, software, and service. Additionally, the market
on the basis of deployment, is segmented into on-premise and on-cloud. The
global market for big data is also covered based on the organization segment
which is further split into SMEs and large enterprises.
On the basis of technology, the market for big data is
segmented based on data mining, Hadoop, machine learning, natural language
processing, NoSOL, predictive analytics, stream processing, and MPAD.
Additionally, the market on the basis of end users is segmented into BFSI,
energy and utilities, government, healthcare, IT, manufacturing, retail,
telecommunications, transportation, and others.
Major elements such as growing concerns about
privacy and information security could
obstruct the big data market growth. However, according to the big data market
research report, the rising awareness about IoT devices along with the growing
need for cloud big data technologies will propel growth throughout the forecast
period. The big data market is set to register growth at a high CAGR owing to
these key factors. The exploration of component, deployment, organization,
technology, and end user segments along with regional markets has been given in
the global big data market research report. The research analysts studying the
big data market have put out market forecasts in the big data market research
report in order to support big data market-based companies. The big data market
research report provides an extensive understanding of the big data market
based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the rest of
the world regional market for big data are predominantly covered in the global
big data market research report. Country-level big data markets spread across
North America – the United States, Canada, and Mexico are also covered in the
report. In South America – Brazil and other country-level big data markets are
covered in the report. In Asia-Pacific (APAC) region, the country-level big
data markets covered are Japan, India, China, and others. The big data market
research report also explores the regional market for big data present in
Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The big
data market research report also covers regional markets from the rest of the
world alongside big data markets of Africa and the Middle East.
Competitive Landscape
Growing numbers of enterprises strengthening their
IT infrastructure are presumed to drive the big data market growth worldwide.
The global big data market could be challenged by vulnerabilities and
liabilities, nevertheless, organizations in the big data market will carry the
growth rate forward. The big data market research report presents company
profiles of major companies active in the big data market globally.
Furthermore, the global big data market report offers an all-inclusive analysis
of the market collected from the big data market’s primary and secondary
sources covering both decision makers and thought leaders. The big data market
research report highlights such key areas assisting businesses operating in the
big data market to build better growth strategies.
Industry News
Databricks, a start-up whose software helps
businesses process vast sets of data quickly and get it ready for analysis,
said it raised $1 billion in new cash on Monday, including from a few
influential corporate investors. According to one statement, Amazon Web
Services, Alphabet's CapitalG venture arm and Salesforce Ventures all joined
in. Microsoft, which previously invested in Databricks, is also involved in the
new round, the declaration said. The deal, priced at $28 billion by Databricks,
indicates that the top three U.S. cloud companies understand that the business
represents an opportunity close to Snowflake, another cloud computing company
that helps businesses manage data.
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