Press release
What's Driving the Big Data Market Growth? Top Players: Google, Amazon, Microsoft, Apple, IBM, Facebook, Oracle, Siemens, Cisco, SAS, Red Hat, Dell Technologies, Cloudera, Hortonworks
Rapid adoption of digitalization is likely to propel growth in the global big data market. According to a study by Fortune Business Insights, titled “Big Data Market Size, Share and Global Trend by Component (Hardware, Storage, Software and Services), Product (DBMS, Hadoop, SQL), Industry Vertical and Geography Forecast till 2025” North America offers lucrative growth opportunities. North America held a significant share in the global market in 2017. The growth witnessed is attributable to high adoption of digitalization in nations such as Canada and U.S. The U.S. is witnessing implementation of big data technology across its major industries, this is expected to enable growth in the global big data market. The International Data Corporation has reported that the U.S. is making huge investments in the big data technology. This will help the North America market to gain a higher share in the global big data market.Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/big-data-market-100144
Analysis by Top Key Players:
Amazon
Microsoft
Apple
IBM
Oracle
Siemens
Cisco
SAS
Red Hat
Dell Technologies
Cloudera
Hortonworks
The big data market in Asia pacific is anticipated to grow at a relatively higher CAGR. China and Japan are currently witnessing rising investments in big data technology from governments and key market players. This has enabled China and Japan to hold a strong position in the Asia Pacific big data market. For instance, In China the Chinese government implemented big data technology across the nation in 2017. This is expected to propel growth in the global big data market.
“Key market players to expected to emphasize on the integration of internet of things and Artificial Intelligence in big data. This is anticipated to fuel the demand in the global big data market,” said a lead analyst at Fortune Business Insights.
Rapid Adoption of Smart Phones to Fuel Demand
Some of the factors expected to drive the global big data market during the forecast period 2018-2025 are increasing number of e-commerce companies and rapid adoption of smart devices such as phones, TV, and others. Additionally, increasing investments in the robotic automation is anticipated to increase the growth rate in the global big data market.
Lower data storage cost and expansion of Blockchain technology are a few factors anticipated to fuel the demand for bid data services and solutions.
Besides this, as per the Technology.org, the global infrastructure-as-a-service market is anticipated to expand at a CAGR of 29% and reach US$ 56.5 Bn by the end of 2020. The global infrastructure as-a-service market is playing a significant role in the growth of the global big data market. The global infrastructure as-a-service market is generating high demand for big data technology, and is further expected to enable growth in the global big data market.
On the flip side, high cost associated with big data technology and lack of skilled professional are a few factors that may restrain the global big data market during the forecast period 2018-2025.
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IBM Acquired Red Hat to Strengthen its Market Position
The competition among the global big data market players is very high. Key players are focusing on partnering and acquiring other companies to gain higher share in the global big data market. For instance, in 2018 IBM Corp. acquired Red Hat Inc. to strengthen IBM’s market position and leverage social media data for analysis. Some of the companies operating in the global big data market are Google LLC, Microsoft Corporation, Cisco Systems Inc., Apple Inc., Red Hat Inc., SAS Institute, Oracle Corporation, Amazon Inc., Facebook Inc., Dell Technologies, Siemens solution, Hortonworks Inc., and Cloudera Inc.
Major Table of Content for Big Data Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Big Data Market Analysis, Insights and Forecast, 2014-2025
North America Big Data Market Analysis, Insights and Forecast, 2014-2025
Europe Big Data Market Analysis, Insights and Forecast, 2014-2025
Asia Pacific Big Data Market Analysis, Insights and Forecast, 2014-2025
Middle East and Africa Big Data Market Analysis, Insights and Forecast, 2014-2025
Latin America Big Data Market Analysis, Insights and Forecast, 2014-2025
Competitive Landscape
Company Profile
Conclusion
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About Fortune Business Insights:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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