Big Data Market Key Players Outlook, Latest Trends and Forecast up to 2027
Posted by nikita manwar on November 26th, 2020
Global Big Data Market Insights
This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.
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The leading organizations covered in the Big Data Market are:
Drivers of the Big Data Market:
The primary factors responsible for the growth of the big data market include the increasing awareness associated with the Internet of Things (IoT) devices, especially among large companies and start-ups, along with the rising availability of data across several organizations. The Big data solutions help the companies gain deeper insights regarding their market, ongoing competition, and the rising trends during the forecast period. The combination of exceptional benefits offered by big data attracts many end-users to opt for big data to save their time and money and extract valuable insights. Moreover, the government of numerous companies is focusing on launching initiatives and schemes to boost the adoption of big data solutions in their respective countries. For example, the government of Dubai introduced “Dubai Pulse” which is a central platform that will offer big data services, storage services, and core analytics services to several organizations in the UAE, with an aim to use this data to enhance the living standards of the UAE citizens.
The internet is gaining traction due to its various benefits, such as enables unlimited communication, allows easy sharing of documents, photos, and other information, provides an abundant amount of information and resources, and offers online services that generate a large volume of every data. This is a factor enhancing the demand of the market. The mounting adoption of smart devices, particularly smartphones, has significantly shifted their preference due to the growing consumer power. This factor is further accelerating the growth of the big data market in the upcoming years. Additionally, the increasing adoption of big data in several end-use industries such as retail, BSFI, healthcare, government, and others is further enhancing the demand of the market. In addition to this, the emergence of COVID-19 has boosted the utilization of big data analytics, especially in the healthcare sector. Several big data analytics solutions are being rapidly used to analyze and evaluate the impact on the coronavirus. Furthermore, big data is also being used to identify issues across the supply chain, particularly in the developing countries, to plan for and instantly adapt to the drastically changing circumstances caused by the spread of the virus. On the other edge of the spectrum, the growing concerns regarding privacy and security will hamper the growth of the market.
Key Benefits offered by the Big Data Market report:
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Segmentation of the Big Data Market:
The Big Data Market has been categorized into the following segments:
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Organization Size:
Breakup by Business Function:
Breakup by Industry Vertical:
Breakup by Region:
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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About the Authornikita manwar
Joined: October 12th, 2020
Articles Posted: 30
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