Big data is a method to analyze symmetrically exact information from data sets or deal with data sets that are massive or complex to be handled by traditional data-processing application software. The volume of data processed in big data is in the size of Terabytes. A number of top technologies have developed over the years to deal with big data including Apache Hadoop, NoSQL, Hive, Microsoft HDInsight, Big Data in Excel, Sqoop, Presto, Polybase, etc. The global big data technology and service market focus on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global big data technology and service market are expected to witness significant growth during the forecast period, owing to increasing demand from industries to gain actionable insights from big data.
Market Driver –
Increasing data generation due to digitization and automation coupled with increasing demand from industries to gain actionable insights from big data are expected to drive the growth of the global big data technology and service market during the forecast period. A vast amount of big data is generated by people as well as machines such as automobiles, airplanes, and buildings. The size of the data generated is in terabytes and requires specific technology and systems to handle. Moreover, automation and digitization of equipment have led to the rapid generation of a large amount of data. Thus, these factors are expected to drive market growth in the near future. Furthermore, increasing utilization of cloud-based predictive analytics is expected to propel the global big data technology and service market growth over the forecast period.
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Market Restraint –
Complexities associated with extracting valuable insights from the massive amount of data sources are expected to hamper the global big data technology and service market growth during the forecast period.
Regional Insight –
Among regions, North America is expected to witness significant growth in the global big data technology and service market during the forecast period. This is owing to the presence of a large number of market players in the region. Furthermore, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to proactive government initiatives aimed at transforming the country into a digitally empowered economy.
Competitive Section –
Key players operating in the global big data technology and service market are Accenture plc, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, MicroStrategy Incorporated, HPE, Information Builders Inc., Cisco Systems Inc., and SAS.
Key players in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in September 2019, Accenture plc, an Ireland-based professional services company, acquired Pragsis Bidoop, a Spain-based big data company, to boost its AI and big data capabilities.
The Big Data Technology And Service Market report highlight product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Big Data Technology And Service Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
Information Builders Inc
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
North America, United States, Canada, Mexico, Asia Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Europe, Germany, France, UK, Italy, Russia, Central & South America, Brazil, Middle East & Africa, Turkey, GCC Countries, Egypt, South Africa,
Objective of the Big Data Technology And Service Market Report:
To assess the size of the market by value and volume
Analyze the Big Data Technology And Service Market in terms of regions and major countries
Highlight recent developments and trends in the market
Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
Determine share of the Big Data Technology And Service Market in terms of various segments such as by product type, application, and end-user
Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
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Discuss major factors that impact the growth of the Big Data Technology And Service Market
The Big Data Technology And Service Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Big Data Technology And Service Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 are considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Research organizations, and consulting firms
Commercial research & developments (R&D)
Trade associations and industry bodies
Importers and exporters
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Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with an cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide. Our reports cover various end-use industries such as Aerospace and Defense, Agriculture, Food and Beverages, Automotive, Chemicals and Materials, Consumer Goods and Retail, Electronics, Energy, Mining, and Utilities, Pharmaceuticals, Manufacturing and Construction, Services, and Healthcare, and ICT.
This release was published on openPR.