PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351332
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351332
According to SPER Market Research, 'Big Data Technology Market Size- By Offering, By Deployment, By Application, By Organization Size, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Big Data Technology Market is predicted to reach USD 1241.48 billion by 2033 with a CAGR of 13.81%.
Big data consists of a sizable amount of structured and unstructured data sets that have been gathered from diverse sources. Insights gained from big data technology can help with strategic planning and corporate decisions. The ability to manage, gather, analyse, organise, deliver, and access both structured and unstructured data is provided by a collection of different software tools.
The COVID-19 pandemic had a positive impact on the market. In 2020, both businesses and governments made significant investments in big data technology to store data and information about COVID-19 patients. This digital storage allowed for real-time data tracking, aiding in the discovery of new insights about the virus's transmission and prevention. It played a crucial role in curbing the spread of COVID-19 by capturing extensive data, informing future prevention strategies, and safeguarding vulnerable populations.