Big Data Market 2019: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024
The recent published research report sheds light on critical aspects of the global Big Data market such as vendor landscape, competitive strategies, market drivers and challenges along with the regional analysis. The report helps the readers to draw a suitable conclusion and clearly understand the current and future scenario and trends of global Big Data market. The research study comes out as a compilation of useful guidelines for players to understand and define their strategies more efficiently in order to keep themselves ahead of their competitors. The report profiles leading companies of the global Big Data market along with the emerging new ventures who are creating an impact on the global market with their latest innovations and technologies.
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The recent published study includes information on key segmentation of the global Big Data market on the basis of type/product, application and geography (country/region). Each of the segments included in the report is studies in relations to different factors such as market size, market share, value, growth rate and other quantitate information.
The competitive analysis included in the global Big Data market study allows their readers to understand the difference between players and how they are operating amounts themselves on global scale. The research study gives a deep insight on the current and future trends of the market along with the opportunities for the new players who are in process of entering global Big Data market. Market dynamic analysis such as market drivers, market restraints are explained thoroughly in the most detailed and easiest possible manner. The companies can also find several recommendations improve their business on the global scale.
The readers of the Big Data Market report can also extract several key insights such as market size of varies products and application along with their market share and growth rate. The report also includes information for next five years as forested data and past five years as historical data and the market share of the several key information.
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Global Big Data Market by Companies:
The company profile section of the report offers great insights such as market revenue and market share of global Big Data market. Key companies listed in the report are:
The key driver for the growth of the global big data market is the enormous amount of data being used and generated across all industry verticals. As the demand for smartphones and other devices is rising, there is an increase in the data being stored in them in the form of numbers, texts, graphs, images, videos, audios, and other multi-media formats, thus supplementing the growth of the big data market. Also, numerous companies worldwide are employing big data technologies to gain a competitive advantage over others in the long run.
Big data solutions allow organizations to efficiently manage large data volumes, thus reducing cost. Moreover, these solutions facilitate companies to overcome frauds, reduce errors, and streamline critical business processes. However, the absence of skilled manpower including data scientists and data analysts required to leverage big data capabilities is expected to abstain the market from developing further.
Global Big Data Market: Market Potential
In a recent development, China launched its first national engineering laboratory for big data exchange and distribution technologies. This move will drive the country’s digital economy and assist in competing in the global market. It is also expected to aid the government in regulating distribution and exchange processes. The lab was approved by China’s top economic planner, the National Development and Reform Commission, in February 2017. There are about 13 research centers set up to conduct related research and each center would be led by different institutions, universities, and enterprises.
South Korea has introduced a big data system, which is giving a freeway to scientists around the globe to share their data and findings with the help of ultra-fast Internet connections. The Korea Institute of Science and Technology Information (KISTI) has joined Pacific Research Platform (PRP), an open platform science project, as a global partner. In collaboration with other academic institutions abroad, KISTI expects to make optimum use of ultra-high speed networks and help Korean scientists make advances in their research and generate more interest in the fields of particle physics, astrophysics, biomedical sciences, earth science, and virtual reality.
Global Big Data Market: Regional Outlook
The growing Internet penetration and expanding smartphone user base have driven the market in North America. This region is likely to grow during the forecast period owing to increasing trend of digitalization in several end-use industries such as medical, retail, banking, financial services and insurance (BFSI), healthcare, and media and entertainment.
Asia Pacific is another lucrative market for big data and is expected to progress in the coming years. The big data adoption will increase due to improving economic conditions and will thereby augment the number of businesses. Japan, India, and China are emerging countries in Asia Pacific that will offer opportunities for market players over the said period.
Global Big Data Market: Competitive Analysis
Calpont Corporation, Mu Sigma, Cloudera, IBM, Opera Solutions, Oracle Corporation, Teradata Corporation, Hewlett-Packard Co. (HP), and Splunk Inc. are few of the established players operating in the global big data market. Palantir, Hitachi, Mongo DB, and Gooddata are other key innovators offering comparatively narrower, yet locally-effective distribution and solutions networks in the big data market ecosystem. During the forecast period, the market is likely to be highly competitive with the inclusion of more number of participants.
Global Big Data Market by Geography:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
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Some of the Major Highlights of TOC covers in Big Data Market Report:
Chapter 1: Methodology & Scope of Big Data Market
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary of Big Data Market
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Big Data Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Big Data Market, By Region
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis