Global Big Data Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global big data market in its upcoming report titled, “Global Big Data Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global big data market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global big data market is segmented on the basis of component, end-use industry, and region.

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Big data are large structured and unstructured data sets that can be analyzed using analysis tools to understand a particular pattern, human behavior, trend, etc. The data can be collected using various means such as mobile devices, emails, database, servers, and others.

Increasing penetration of internet, increasing adoption of cloud services and solutions, and increased amount of data are major factors driving growth of the big data market. In addition, increasing adoption of big data from banking, financial services, and insurance (BFSI) sector for risk management and to optimize customer service and to enhance customer experience is another factor driving growth of the target market. Moreover, increasing demand for real time analytics from various sectors is another factor expected to further fuel growth of the global big data market to a significant extent over the next 10 years.

A key factor expected to hamper growth of the global big data market is concerns related to security and privacy of data. In addition, lack of skilled data analysts is another factor expected to restrain growth of the global market.

Increasing adoption of big data analytics by retail and advertising sectors is the current trend in the global market, which is expected to further drive growth of the target market over the forecast period.

North America market dominates the global big data market in terms of revenue, and is expected to maintain its dominance over the forecast period. Presence of major vendors in this region and increasing adoption of big data technology from healthcare and retail sectors are major factors contributing for growth of the North America big data market. The Europe big data market is expected to witness considerable growth and is expected to register a CAGR of XX.X% over the next 10 years. The market in Europe is followed by market in Asia Pacific, Latin America, Middle East & Africa.

Global big data market Segmentation:

Segmentation on the basis of component:

• Hardware
  • Storage
  • Server
  • Network Equipment
• Software
  • Analytics
  • Database
  • Visualization
  • Distribution Tools
  • Others
• Services
  • Consulting
  • Deployment & Maintenance
  • Training & Development

Segmentation on the basis of end-use industry:

• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Manufacturing
• Retail
• Healthcare
• Telecommunication & IT
• Government and Education
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa