Market Research Report
Global Big Data Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||621136|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Big Data Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: March 26, 2018||Content info: 190 Pages||
Big data refers to large and complex data set which is very hard to deal with. It is used for better understanding of customer behaviors and customer preferences. The global big data market is expected to rise with the CAGR of about 18% during forecast period 2016-2023. Large amount of data generation is one of the major factor which contribute to the growth of global big data market during forecast period. However, lack of awareness of benefits of big data solutions & services as well as privacy and security concerns in big data are some of the major factor restraining the growth of global big data market during forecast period.
Geographically, the global big data market report has been segmented in North America, Asia Pacific, Europe and Rest of World. North America held the largest market revenue share for big data market in 2016 and is expected to dominate during forecast period due to high adoption of analytics across countries of North America. However, Asia Pacific is expected to register highest growth rate during forecast period due to increasing amount of data generation as well as high penetration of internet across the region.
The growth in global big data market is also influenced by presence of major players such as Amazon Web Services (U.S.), Cloudera, Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), International Business Machines (IBM) Corporation (U.S.), Palantir Technologies, Inc. (U.S.), etc. Product launches, mergers & acquisitions etc. are some crucial strategies adopted by major market players of global big data market to gain competitive advantage.
The report on the global big data market is segmented on the basis of component, type, deployment model and verticals. Components in big data include software and services. Types in big data are divided as structured data, unstructured data and semi-structured data. Deployment models in big data include on-premises and on-demand. Verticals adopting big data are divided as Banking, Financial Services and Insurance (BFSI), government and defense, healthcare and life sciences, manufacturing, retail and consumer goods, media and entertainment, energy and utility, transportation, IT and telecommunication, academic and research and other verticals. Further, software segment includes big data analytics, data discovery and visualization and data management. Services segment include consulting and system integration, training and support and managed services. Big data analytics software held the largest market revenue share in 2016. However, managed services segment is expected to be the fastest growing segment during the forecast period.