Market Research Report
Global Big Data Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||701163|
|Published||Content info||142 Pages
Delivery time: 2-3 business days
|Global Big Data Market Forecast 2019-2027|
|Published: February 5, 2019||Content info: 142 Pages||
Big data makes use of parallel computing tools for handling data. Over the forecast years of 2018-2026, the global big data market is likely to prosper with a CAGR of 18.68%. The global big data market is primarily driven by the increased number of mobile devices and apps, switch from analog to digital technologies and massive growth of data with increasing penetration of the Internet.
The global big data market is segmented on the basis of deployment mode, component, types and verticals. Deployment mode includes on-demand and on-premise deployment mode. The components of big data are software and services while the market type includes structured data, unstructured data and semi-structured data. The global big data market caters to verticals such as banking, financial services & insurance (BFSI), government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation, IT & telecommunication, academic & research institutions and other verticals. The on-demand deployment also offers the flexibility of using resources, reduced cost, better performance, scaling and others which is helping to be the most preferred form of deployment mode. The on-demand segment is primarily driven by benefits offered such as integration with existing cloud sources, automated software updates, disaster recovery and data loss prevention.
The regional segmentation of the global big data market is done into Europe, Asia-Pacific, North America and the rest of the world. North America captures the largest share in the global big data market. Major credit for this market's expansion goes to the presence of key tech giants in the region who are involved in the big data market and investing heavily for further technological advancements. However, a significant CAGR rise is expected from the Asia-Pacific region. The Asian market has started adopting business learning and machine learning models which have tremendously contributed to its market growth.
Companies like Palantir Technologies, Inc., Hewlett Packard Enterprise, Splunk Inc., Data USA, Teradata Corporation, Guavus, Inc., Cloudera, Inc., International Business Machines Corporation (IBM), SAP SE, SAS Institute, Dell, Inc., Amazon Web Services, Inc., Oracle Corporation, Hitachi, Ltd. And Microsoft Corporation are engaged in the big data market.
8.1 ACADEMIC & RESEARCH