According to Goldstein Research, constant evolution of big data and cloud computing is providing cost-effective, efficient and powerful infrastructures to support business analytics. Global Big Data market segmentation includes application types such as financial analytics, risk analytics, customer analytics, and operational analytics. Big Data is emerging on the back of affordable open source storage such as Hadoop and vast technological advancement to provide ease for accessibility of data at any place and at any time to consumers. Banking and financial sector can easily reduce the cost of infrastructure and operational complexities with the help of Big Data. According to our analysts “Infrastructural cost can be reduced by 30% with the implementation of Big Data. Global Big Data market is majorly growing in developed nations owing to rapid digitalization of banking operations. Data management and security concerns are the two major factors which are driving the global big data market in banking sector.
Market Segmentation
On the basis of our in-depth analysis, Global Big Data Market can be segmented as follows:
• Based on Type of Data
o Unstructured Data
o Structured Data
• Based on Components
o Hardware
o Software
o Services
• Based on Application
o Financial Analytics
o Risk Analytics
o Customer Analytics
o Operational Analytics
• Based on End-User
o Banking & Finance
o Government
o Transportation & Logistics
o Aerospace and Defense
o IT & Telecommunication
o Healthcare
o Energy & Utilities
o Manufacturing
o Other Sectors (Education)
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Big Data Market in BFSI Sector Outlook 2024” contains detailed overview of the global big data market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by type of data, by components, by application and by end user.
Further, for the in-depth analysis, Global Big Data Market in BFSI Sector Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Splunk Incorporated, Intel Corporation, TIBCO Software Inc., NetApp, Inc., Google , Dell Inc., SAP SE, VMware Inc., MicroStrategy, Inc., EMC Corporation, HORTONWORKS, INC., Cloudera, Inc., Karmasphere Inc., Teradata Corporation and HP Enterprise, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global big data market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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