Million Insights
Market Research Released A New Research Report On Global Big Data Market -
Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
USA: November 5, 2019-
Big Data Market is the term for
large and complex data set that includes challenges like capturing, storing,
sharing, transferring and analyzing data. The traditional data processing
software is inadequate to deal with them. Increasing popularity of social media
that produce large amount of data can act as driver for its growth. The market
size was USD 25.67 billion in 2015 and it is forecasted that it will grow to
USD 123.2 billion by 2025. Big data market includes software and services which
can be further divided into big data analytics, data discovery and
visualization. The growing demand for big data analysis includes increase in
easy sharing, mobile devices, internet penetration, abundant information and
resources. The market has shown tremendous growth in its adoption rate
recently.
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This mainly includes storage devices, Network components and
server that are used for data processing and storage. It is estimated that
network component market will grow about CAGR 20% over a given period because
of big data. Security becomes important when it comes to handling large data,
so new network security paradigm and algorithm should be developed. At present
due to cloud computing there is elevating demand for storage space and in
coming nine years it is expected to witness more healthy growth.
Software Insights
Visualization or Graphical user interface (GUI) is important
because user need to access data when required. This market will witness growth
with CAGR more than 15% over given time period. The big data market is expected
to present great opportunity for data vendor in next four to five years, so
proper and effective visualization is needed.
Big data analytics is processing large data sets to discover
correlations, market trends and hidden patterns which is handy in making
business decisions. This segment is also expected to grow due to increase in
awareness of analytics in large enterprises for making strategic decisions and
to reduce risk of failure.
Big data technology has given opportunities to different
sectors and business to store, process and manage data and convert it into
useful information. In 2015 North America was major region in market which was
having more than 30% of total revenue. Over a given time Apac is expected to
grow at a fastest rate among various regions with CAGR exceeding 17% in given
period. Use of data in public as well as private sector will be providing
better opportunities for this market. Europe will also witness a significant growth
due to use of big data in government and private sector.
Competitive Insights
Big data and IOT works together. Efforts are made to reduce
hardware cost which includes network component and storage cost reduction.
Organizations are investing in R&D to achieve integrated big data solution
so as to increase its efficiency and capabilities. Gaining precise information
has the highest priority in industry as it helps in understanding customer
needs. Alpine Data Labs, Databricks, HPCC Systems are some organization that
deals with Big data.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/big-data-market
Market Segment:
Big Data Hardware Outlook (Revenue, USD Million; 2014 - 2025)
• Storage
• Server
• Network Equipment
Big Data Software Outlook (Revenue, USD Million; 2014 - 2025)
• Analytics
•
Database
• Visualization
• Distribution Tools
• Others
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