Japan Big Data Market Opportunities and Forecasts For 2017-2023

A well-defined capacious amount of either structured, semi structured as well as unstructured data that can be mined to extract information is termed as big data. In recent times, big data analytics is more than just an experimental system. Emergence of big data in Japan has helped enterprises there achieve, real results with its approach, and are observed expanding their attempts to encompass huge data and models. Furthermore, big data technologies such as Hadoop as well as cloud analytics offer substantial cost benefits. On the other hand, large companies looking for faster and quality decisions with the technology, are now finding it possible. Driven by the momentum of Hadoop and other analytical tools, company researchers are now focused on speeding up their present decision.
Today, the most interesting function of big data analytics is to develop cutting- edge products and solution for end users. The big data market in Japan today is influenced by several drivers, restraints and opportunities. Key factors including a sudden rise in the application of social media to weigh up on the customer behavior pattern by the company to design effective strategies has boosted the market in the region. Besides this growth in the amount of transitional information too are seen driving the big data market in Japan.

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However, issues associated privacy concerns as well as organizational resistance has hindered market growth to a greater extent. In addition, slow adoption rate in certain industries and lack of awareness also acts as some of the biggest hurdles in its development. Despite of these restraints, proliferation of real time information from sources including web, log files, handheld devices (mobile devices), sensors and others are likely to create ample opportunities for big data. Growing popularity of range of applications, ranging from research and development to fraud detection would also create greater opportunities.
The cloud market is segmented in terms of software, hardware, industry vertical and service. In terms of software the market is segmented into systems software, NoSQL and SQL (databases), Hadoop distribution tools & solutions, big data analytics and others. The industries relying more and more on big data consists of government, banking finance and insurance, healthcare, oil and energy, education, manufacturing etc. The hardware segment covered in the market research report consists of servers, network equipment, storage tools and more. The services evaluated in the study include consulting services, support, deployment and integration, outsourcing and training.

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