Big Data Technology and Services Market will be Valued at US$ 77.58 Billion by 2023 | CAGR: 24.15% | Global Key Players – IBM, Microsoft, Oracle, SAP SE, HP, Cisco, SAS Institute

Marketprognosis.com Publish a New Market Research Report On “Global Big Data Technology and Services Market - Segmented by Delivery Mode (On-premise, Cloud), End-User Vertical and Region - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Big Data Technology and Services Market:

The Global Big Data Technology and Services Market was valued at USD 21.19 Billion in 2017, and is expected to reach a value of USD 77.58 Billion by 2023, at an estimated CAGR of 24.15%,over the forecast period (2018 - 2023). The scope of the report is limited to software solutions and services offered by various vendors in the market.

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Across the world, every day billions of people take photos, videos, and send texts, and this flood of data is growing at an exponential rate. The total amount of data in the world was estimated at 4.4 zettabytes in 2013. That is expected to rise steeply to 44 zettabytes by 2020. Big data is a term that describes the large volume of data (both structured and unstructured). With the rapid growth in analytic capabilities on cloud platforms, users leveraged large cloud vendors more prominently for analytical software in 2017. It is expected that cloud-based deployments of these solutions will drive up to five times higher growth in spending, as compared to on-premises analytics solutions. Big Data initiatives were a high priority for 60% of the enterprises that planned to spend an average of USD 9 million on such initiatives in 2016.

The market is witnessing integration of big data solutions, like business analytics, along with advanced analytical solutions, like business intelligence solutions, which were usually deployed as a subset of a larger business intelligence solution.

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Regionally, North America is the largest producer of data in the world, and this can be attributed to their well-developed infrastructure and the large number of active internet users, which accounted to about 88.5% of the total population in 2017. This number indicates an increase of about 1.1%, as compared to 2016, according to World Bank statistics. This rise in data can be attributed to the rise in communication systems, majorly social media. About 89% of the population from the age group of 18-28 has been on social media, generating a significant amount of content. About 80% of people from the 30-49 age group and 64% of the people from 50-64 age group, are present in social media platforms.

Major Key Players:

1 IBM Corporation

2 Microsoft Corporation

3 Oracle Corporation

4 SAP SE

5 Hewlett-Packard Company

6 Cisco Systems Inc.

7 SAS Institute

8 Information Builders Inc. and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Big Data Technology and Services Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Big Data Technology & Service Market Segmentation

6 Vendor Market Share

7 Competitive Intelligence - Company Profiles

8 Investment Analysis

9 Future of the Big Data Technology & Service Market

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