Businessinsider: Big Data Market Size

Showing posts with label Big Data Market Size. Show all posts

Thursday, April 14, 2022

Big Data Market Trends and Market Set For Rapid Growth with Great CAGR by Forecast 2027 | COVID-19 Effects

Market Overview

The Big Data Market size is expected to reach USD 297.28 Billion at a 14.52% CAGR during the forecast period. Its enormous application potential can be attributed to its robust market growth. Increased internet usage, such as the rising popularity of social media and the advent of virtual online offices, could help boost the market growth. The expanding use of big data in businesses is expected to provide significant opportunities for important stakeholders. This technology is gaining traction because it makes it easier to collect and analyze large amounts of data that businesses and governments deal with regularly.

When the new coronavirus first swept over the world, healthcare leaders' main worries were resource allocation and hospital capacity. However, this lethal virus had a favorable impact on the big data sector. Governments and companies are making extensive use of big data technology to store infected people's information and data. This technique can digitally store a large amount of data from persons who have been diagnosed with COVID-19 in real-time. It also aids in the discovery of new information on the virus's control and spread. Its ability to capture extensive data can be put to good use in preventing the virus from spreading. The data gathered can be used to design future coronavirus prevention strategies.

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Market Segmentation

Based on the Component, the market is segmented into:

Hardware

Server
Storage
Network Equipment

Software

Hadoop Distribution Products and Tools
Data Discovery and Visualization
Data Management
Analytics

Service

Hadoop as a Service
Data as a Service
Analytics as a Service
Consulting Services
Deployment and Integration Service

Based on the Technology, the market is segmented into:

Hadoop
NoSQL
MPAD
Predictive Analytics
Stream Processing
Natural Language Processing
Machine Learning & Data Mining

Based on the Size of the Organization, the market is segmenetd into:

Large Enterprise
Small and Medium Enterprises

Based on the Deployment, the market is segmented into:

On-premise
On-Cloud

Based on the end-user, the market is segmented into:

Retail
IT
BFSI
Manufacturing
Government
Healthcare
Transportation
Telecommunications
Energy & Utilities
Others

Based on the Region, the market is segmented into:

North America
Europe
Asia-Pacific
Rest of the World

Regional Classification

North America will lead the market over the projection period. The rapid adoption of advanced information technologies, the increasing focus on this technology application in Canada and the United States, the presence of some top market players, and the rising adoption of internet of things devices by various businesses are all contributing to the region's global big data market growth.

The worldwide big data market is expected to grow at the quickest rate in the APAC region over the projected period. The region's big data market is rising due to the increasing usage of big data technologies such as Apache and Hadoop, as well as the increasing use of IoT devices, the development of the insurance and banking industries, and the penetration of new technologies such as linked devices.

Industry News

The major key players in the market are Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation, Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Hewlett Packard Enterprise Company, Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, and IBM Corporation.

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https://www.marketresearchfuture.com/reports/big-data-market-7846

Big Data Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Thursday, February 10, 2022

Big Data Market Size, Opportunities, Analysis and Trends by Forecast to 2027 | COVID-19 Effects

Market Analysis

The global big data market will touch USD 81,500 million at a 13.35% CAGR in the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Big data, put simply, is a huge volume of data that is structured, unstructured, or semi-structured- which inundates a business on a daily basis. It can be described through the following characteristics- variability, velocity, variety, and volume.

Various factors are fueling the global big data market demand. As per the recent MRFR market estimates, such factors include the rising penetration of the internet, increase in virtual online offices, increasing popularity of social media, growing awareness about IoT devices among organizations, surging need for cloud big data technology, burgeoning need for big data tools, rising government investments to enhance digital technologies, increasing accessibility of data across organizations, and the increasing adoption of big data across enterprises. Besides, increasing use of big data in the healthcare sector during the COVID-19 pandemic to store data and information of COVID infected people (infected, recovered, and expired) is also adding market growth.

On the contrary, high implementation price, shortage of skilled workforce, and growing concern about information security and privacy may limit the global big data market growth over the forecast period.

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Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global big data market based on component, organization size, technology, end user, and deployment.

Based on components, this market has been categorized into software, service, and hardware. The hardware component is again bifurcated into server, storages, and network equipment. The software component is again bifurcated into analytics, Hadoop distribution products and tools, data discovery and visualization, and data management. The service segment is again bifurcated into deployment and integration service, consulting services, analytics as a service, and data as a service. Among these, the service component will dominate the market over the forecast period.

By technology, the market is bifurcated into stream processing, Hadoop predictive analytics, MPAD, machine learning and data mining, natural language processing, and NoSOL. Among these, the machine learning & data mining technology will lead the market over the forecast period.

Based on the organization size, this market has been classified into both large enterprises & SMEs. Among these, the SMEs organization size will have the lions share in the market in the forecast period.

By deployment, the market is bifurcated into on-cloud and on-premise. Among these, the on-cloud deployment will spearhead the market over the forecast period for both its cost benefits & functional efficiency.

Based on end user, the market is bifurcated into healthcare, energy and utilities, IT, government, telecommunications, transportation, retail, manufacturing, and others. Among these, the IT end user will command the market in the forecast period.

Regional Analysis

Based on region, the global big data market covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period and at a 12.4% CAGR. Increasing adoption of IoT devices by various businesses, the presence of several leading players, increasing focus towards the application of data in the US and Canada, and quick adoption of advanced information technologies are fueling the big data market growth in this region.

In the APAC region, the market is likely to grow at a fast pace in the forecast period. The penetration of latest technologies like connected devices, development of the banking and insurance industry, increasing use of IoT devices, and increasing adoption of big data technologies like Hadoop and Apache are adding to the growth of the global big data market in this region.

Key Players

The leading players profiled in the global big data market report include Oracle Corporation, Fair Isaac Corporation, Cisco Systems Inc., IBM Corporation, Teradata Corporation, Hewlett Packard Enterprise Company, Dell Technologies, Accenture PLC, Amazon Web Services, Hitachi Ltd., Cloudera Inc., Tableau Software, Microsoft Corporation, SAP SE, and Splunk Inc., among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/big-data-market-7846

Big Data Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030