Global Big Data Technology and Services Market Trends
Posted by Arslan on December 13th, 2018
The data creation and consumption is growing by leaps and bounds. This has resulted in the increasing investment in big data analytics software, services, and hardware. Big data technologies are helping companies to gain useful information from both structured and unstructured data from various sources. The latest trend that is gaining traction in the big data and service market is the growing importance of big data technology in Internet of Things (IoT).
With the rise in adoption of IoT by various industries, a large volume of data is being generated. Hence, in order to process large data and gain actionable insights, these industries are moving towards adopting big data services. Moreover, large amount of data is expected to be stored locally, as countries like China and Russia have already passed data localization laws.
Companies are also adopting Hadoop on a large scale as it helps in storing and processing extremely large data sets of big data. Hadoop also provides with the framework to deal with various challenges in big data. Big data is also becoming fast with multiple options to speed up Hadoop. Hadoop big data and BI solutions are being widely adopted by companies in order to manage exponentially generated data.
As per the new report compiled by Fact.MR, the global market for big data technology and services is likely to witness strong growth. The market is expected to increase to 22.6% CAGR between 2017 and 2026. The global market for big data technology and services is estimated to reach US$ 183,971.9 million dollar by the end of 2026. One of the biggest trends in the big data technology and services market is the rise in market consolidation. Increasing number of computing vendors are acquiring companies to offer new big data technologies. Big data service providers are also focusing on increasing processing capabilities of big data solution. Following insights show how the global big data technology and services market will perform in the coming years.
For more information on this report, please visit: https://www.factmr.com/report/364/big-data-technology-services-market
4 Forecast Highlights on Global Big Data Technology and Services Market
The report has also profiled leading players in the global market for big data technology and services, which will remain active through 2026. These include companies such as Oracle Corporation, IBM, Microsoft Corporation, SAP SE, HP, Amazon Web Services, Teradata, Dell Incorporation (EMC), SAS Institute, and Cisco Corporation.Also See: Services Market, Data Technology, Big Data, Global Big, Technology, Services, MarketTop Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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