Market Research Report
Global Big Data Analytics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||564924|
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|Global Big Data Analytics Market 2019-2025|
|Published: October 25, 2019||Content info:||
Global Big Data Analytics
Market Size, Share & Trends Analysis Report by Application (Content Analytics, Customer Analytics, Fraud and Risk Detection, and Predictive Maintenance), by Deployment (On-Premise and Cloud-Based), and by End-User (Aerospace and Defense, Automotive, Banking, financial services and insurance (BFSI), Healthcare, Government, Manufacturing, and Others) and Forecast 2019-2025.
The global big data analytics market is expected to witness a significant CAGR of 13% during the forecast period. Big data analytics is being applied in industries with different domains to change the way of conventional data handling. Major factors contributing to the growth of the big data analytics market is increased usage of IoT devices and rising demand for mobile technologies and its applications. Machine learning, natural language processing, and digital footprint are considerably contributing to the growth of big data. The rising demand for big data tools in several applications including business intelligence and operations, healthcare and so forth, will augment the growth of the market in near future.
The big data analytics market is segmented on the basis of solution, deployment, and end-user. Based on the solution, the market is segmented into content analytics, customer analytics, fraud and risk detection, and predictive maintenance. Based on deployment, the market is segmented into on-premise and cloud-based. Furthermore, on the basis of end-users, the market is segmented into aerospace and defense, automotive, BFSI, healthcare, government, manufacturing, and others. Among the end-users, the healthcare and BFSI sector are some of the significant adopters of big data analytics technology. The use of big data in BFSI support banks in several activities, such as detecting misuse of credit or debit cards, venture credit hazard treatment, and business clarity, among others.
Geographically, the global big data analytics market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Among these, North America is estimated to hold a significant share in the global big data analytics market. The market growth is attributed to the supportive government funding programs and initiatives, federal policies, and programs for digital transformation. Additionally, the increased concern in the healthcare sector and digitalization of health record are substantially driving the growth of the market in North America.
The major players operating in the global big data analytics market include Teradata Corp., Oracle Corp., Hewlett Packard Enterprise Development LP, SAP SE, IBM Corp., Amazon Web Services, Inc., Dell Inc., Google LLC, and Sigma Data Systems. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in the global market. In June 2019, Google LLC acquired big data analytics company 'Looker' to provide more comprehensive analytic solutions to the customer.
The market study of the big data analytics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for big data analytics software vendors, existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis on market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.