Market Research Report
Global Big Data Analytics Market, Forecast to 2023
|Published by||Frost & Sullivan||Product code||751644|
|Published||Content info||108 Pages
Delivery time: 1-2 business days
|Global Big Data Analytics Market, Forecast to 2023|
|Published: November 19, 2018||Content info: 108 Pages||
Market Consolidation and Convergence in Product Offerings are Key Themes Driving Market Progression
This study on Big Data Analytics (BDA) classifies the market into 2 major categories: Data Discovery and Visualization (DDV) and Advanced Analytics (AA). The BDA market accounted for $8.5 billion in 2017, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 29.7% to $40.6 billion by 2023.The market is driven by organizations realizing the operational advantages of BDA, improved DDV empowering organizations to better target consumers, increased access to cloud-based models, enterprise-grade security and data governance solutions offered by market vendors, and continued vendor consolidation.
Geographical Segmentation: The global market has been segmented into North America, Latin America (NALA), Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The base year of the study is 2017, with forecasts till 2023. The research highlights key trends impacting the BDA market and outlines future implications. These trends include Internet of Things (IoT) adoption and proliferation of data, Big Data fueling Machine Learning (ML) and Artificial Intelligence (AI) growth and data strategy becoming central to C-level business planning.
Readers who will benefit from this research include: advanced analytics vendors, data discovery and visualization vendors, organizations looking to better understand the BDA, vendors across banking, government, retail, telecommunication, health and life sciences, and any company looking to venture into the market.