Univdatos Whatsapp

The global big data market is expected to foresee significant growth. The Asia Pacific to lead the growth!

The big data market is expected to register a CAGR of around 12% over the period of 2021-2027. Big data is a major part of every organization to manage, process, and streamline large data sets in real-time as well as it improves the organization’s decision-making capability. Rising investments and spending on various technological projects by the government and key players is contributing to the growth of the market. Furthermore, various factors such as plummeting technology costs and the development of open-source big data software frameworks, data connectivity through hybrid and multi-cloud environments, and incorporation of digital transformation in top-level strategies are expected to drive the adoption of big data solutions and services.

Based on component, the market is segmented into solutions and services. The solutions segment is expected to hold the largest big data market. The growth is attributed to the increasing demand for big data platforms such as Microsoft azure, Cloudera, tableau, and collibra in various industry verticals.

For a detailed analysis of the big data market, browse throughhttps://univdatos.com/report/big-data-market/

Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to hold the majority of the big data market during the forecast period. The cloud enables fast and secure networks. Also cloud networks save a lot of upfront installation costs, which later can be used in other operations. Moreover, the cloud deployment model scales a solution’s capacity to handle enormous network application traffic.

Based on industry vertical, the market is segmented into BFSI, Retail, IT & telecom, government, healthcare, utility, manufacturing, and others. BFSI segment is expected to hold the majority of the market owing to the rising demand for tracking the feedback on services in real-time is driving the adoption of big data in the BFSI industry.

Request for a sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=24825

For a better understanding of the market adoption of big data, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific region grabbed the major market share and is expected to maintain its domination during the forecast period. The growing adoption of IoT devices and development of the insurance and banking industry and penetration of new technologies like connected devices are adding to the big data market growth in the region. China and India hold the majority of the big data market in the region, The growing prowess in science and technology and government policies are expected to drive the big data market.

The Major companies 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.

Big Data Market Segmentation

Market Insight, By Component

  • Solutions
  • Services

Market Insight, By Deployment

  • On-Premises
  • Cloud

Market Insight, By Industry Vertical

  • BFSI
  • Retail
  • IT and Telecom
  • Government
  • Healthcare
  • Others

Market Insight, by region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • Fair Isaac Corporation
  • Accenture PLC
  • Cloudera Inc.
  • Teradata Corporation
  • Microsoft Corporation
  • Splunk Inc.
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise Company
  • Tableau Software

Leave A Comment

Select Language