Market Research Report
Asia Pacific Big Data Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||701160|
|Published||Content info||88 Pages
Delivery time: 2-3 business days
|Asia Pacific Big Data Market Forecast 2019-2027|
|Published: February 5, 2019||Content info: 88 Pages||
Organizations of all disciplines face issues pertaining to managing data in the form of data retention, data integration, data access, etc. Big data market could prove to be an effective solution to these problems. In the Asia-Pacific, the big data market is likely to witness a CAGR of 21.42% over the forecast period of 2019-2027. The APAC region also consists of noteworthy big data vendors due to the large population base and early stages of IT adoption by developing countries.
The growing number of organizations in the Asia-Pacific adopting big data is expected to boost the market growth over the forecast period. Moreover, growing application in the healthcare sector and growing internet penetration too is expected to boost the market demand in countries like China, India, Japan, South Korea, Australia and Rest of Asia-Pacific. By the end of 2027, the highest CAGR is expected from India. India's big data market is primarily driven by a strategic alliance between countries to promote research and development activities of big data analytics in healthcare and cybersecurity. This region has lagged in implementing the new technology in the healthcare industry. However, the IT investments in the healthcare industry are expected to grow phenomenally with the increase in patient demands and increased life expectancy in this region.
Companies like Data USA, SAP SE, Teradata Corporation, Cloudera, Inc., Guavus, Inc., Palantir Technologies, Inc., Hewlett Packard Enterprise, Oracle Corporation, International Business Machines Corporation (IBM), Dell, Inc., SAS Institute, Amazon Web Services, Inc., Splunk Inc., Microsoft Corporation and Hitachi, Ltd. have a considerable presence in this market.