A new market study, titled “Big Data Market Research Report Size, Status and Forecast 2017-2023” has been featured on Market Research Future.
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Big data is market is projected to benefit from the development of advanced analytical tools in the upcoming years. It is poised to increase the adoption of the service over the next couple of years. In addition to large enterprises, the small and medium enterprises are also exhibiting higher adoption of the technology. It is anticipated to drive the growth of the big data market in the coming years.
The global big data software market is projected to witness a rapid growth during the forecast period. High growth opportunities in the emerging economies and high adoption of analytics software are the major factors driving the growth of this market. Moreover, increasing demand for big data software across various industry verticals such media & entertainment, IT & telecommunication, retail, e-commerce etc. is also fueling the growth of the global market.
The big data market size is assessed to expand in the coming years. The massive amount of data generated every day by enterprises requires the application of big data solutions to make the best out of it. In this scenario, the development of advanced algorithms and tools are expected to influence the big data market positively in the coming years. This report also suggests that the expansion of the digital marketing industry is projected to impact the market’s growth pattern favorably in the near future. Increasing reliance on content marketing strategies and personalized campaigns are supposed to accelerate revenue generation in the big data market.
Market Research Analysis
North America is estimated to account for the largest share of the market, whereas Asia Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. U.S. holds a majority of the market share both in terms of revenue as well as adoption of digitized platforms.
The global big data software market is segmented on the basis of by component, data type, deployment and end-user. Based on the component segment, the market is bifurcated into software and services. Based on deployment, the market is segmented into cloud and on-premise. And the end-user segment, is bifurcated into BFSI, government and defense, healthcare and life sciences, manufacturing, retail, media and entertainment, energy and utility, transportation, IT and telecommunication and others.
By component, the big data market has been segmented into hardware (server, network equipment, and storage), software (data discovery and visualization, data management, analytics, and Hadoop distribution products and tools) and service (Hadoop as a service, analytics as a service, deployment and integration service, data as a service, and consulting services).
By technology, the big data market has been segmented into Predictive Analytics, Hadoop, Natural Language Processing, Machines Learning & Data Mining, Stream Processing, NoSQL, and MPAD.
Cisco Systems Inc., Microsoft Corporation, IBM Corporation, Dell Technologies, Oracle Corporation, Cloudera Inc., Amazon Web Services, Hitachi Ltd., SAP SE, Teradata Corporation, Accenture PLC, Fair Isaac Corporation, Tableau Software, Hewlett Packard Enterprise Company, and Splunk Inc are few of the key players of the global big data market.
Key Players :
Some of the prominent players in the global big data software market: IBM (U.S.), Oracle (U.S.), Microsoft (U.S.), HPE (U.S.), SAP (Germany), Amazon Web Services (US), SAS Institute (U.S.), Dell Technologies (U.S.), Teradata (US), Splunk (U.S.), Palantir Technologies (U.S.), Cloudera (U.S.), Hitachi (Japan), Guavus (U.S.), 10data (U.S.) and others.
More Information : https://www.marketresearchfuture.com/reports/big-data-software-market-4974
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