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Big Data Market Growing Demand and Opportunities by 2023; Key Players - Accenture, IBM, Cisco, Cloudera, Dell, EMC, Amazon Web Services, Oracle, HP, Microsoft and Hitachi Data Systems

12-31-2018 02:02 PM CET | IT, New Media & Software

Press release from: P&S Intelligence

Big Data Market Growing Demand and Opportunities by 2023; Key

The global big data market is mainly driven, by increasing market of consumer, and machine data. The increasing detail and volume of information captured by enterprises, the upsurge of multimedia, social media, and the internet of things, is expected to fuel the growth of the big data market, in the near future. Some of the other drivers fuelling the growth of the big data market, are new applications leveraging big data and demand of unified platforms.

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The global big data market can be segmented on the basis of types, services, and end users. On the basis of types, the global big data market can be categorized into software, hardware, and services. The software segment can be further segmented, into discovery and visualization tools, databases, hadoop distribution tools and products, system software, and others. The hardware segment can be further divided, into storage, servers, and network equipment. The services can be further categorized, as consulting services, integration & deployment services, training and outsourcing services. On the basis of big data service, the global market can be categorized into hadoop-as-a-service (HAAS), data-as-a-service, analytics and visualization-as-a-service, and others.

By end users, the global big-data market can be categorized, into manufacturing, web, healthcare, telecommunications, energy and natural resources (oil and gas), enterprises, transportation, logistics and distribution, gaming, university, research and education, bioinformatics, government and public utilities, media & entertainment, consumer and retail, banking, financial services and insurance (BFSI).

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Accenture, International Business Machines Corp., Cisco Systems Inc, Cloudera Inc., Dell, EMC Corporation, Amazon Web Services Inc., Oracle Corp, HP, Microsoft, Hitachi Data Systems Corporation, are the major competitors in the global big data market. Companies providing software and hardware IT solutions are looking forward to gain a better competitive advantage in this rising market, thereby creating refined analytical solutions, and data management platforms for the enterprises.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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