Latest Research Report on Big
Data Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Big Data prepare
a case for investments in different regions based on a practical view of their
regulatory outline, manufacturing dynamics, and availability of skills and
resources in that region.
Big Data Market Report by
Material, Application, and Geography – Global Forecast to 2025 is a
professional and in-depth research report on the world’s major regional Big
Data Market conditions, focusing on the main regions (North America, Europe and
Asia-Pacific) and the main countries (United States, Germany, united Kingdom,
Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/big-data-market/request-sample
Industry Insights
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.
The market is segmented
across geographical regions like Latin America, MEA, Asia pacific, North
America and Europe. Asia-pacific is expected to be fast growing region.
Hardware Insights
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.
End-Use Insights
Developed economics used
data intensive technology on large scale. Information stored in alphanumeric
text and still image data is most useful format for big data applications.
Companies invest heavily for effective data traffic management tools such as
predictive text analysis. At present, telecommunication and IT are industries
utilizing this solution on enormously. Data whether structured or unstructured
needs to be managed. The need for tools to manage large data will drive the
market.
Multinationals collect and
store data so as to process and extract information needed which will eventually
help in decision making, operational efficiencies and cost reduction. The
potential of data analytic will make it applicable in different sectors as
healthcare, gaming, defence, BFSI and media.
Regional Insights
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.
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