Impact of Covid-19 Big Data Software Market Research Report By IMARC Group 2020-2025
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Big data software collects, hosts and analyzes the high volume of data, both structured and unstructured, which is created by people, tools or machines. It assists organizations in acquiring insightful information, discovering unknown correlations, hidden patterns, market trends and consumer preferences from diverse sets of information.
Organizations around the world are currently experiencing problems in data retention, comprehending dark data and data integration for analytical purposes. This, in confluence with increasing data sets across industrial verticals and the complexity in handling them, represents one of the major factors driving the global big data software market. Apart from this, digitalization in emerging economies, along with the development in artificial intelligence/machine learning (AI/ML) as an innovative technology within data management and analytics software, is escalating the demand for big data software worldwide. Some of the other factors strengthening the market growth are increasing investments in robotic automation, rising e-commerce companies, and an upsurge of multimedia and social media.
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Breakup by Software Type:
Data Analytics and Tools
Breakup by Deployment Type:
Breakup by Industry:
Breakup by End-Use:
Breakup by Region:
Middle East and Africa
United Arab Emirates
The competitive landscape of the industry has also been examined with some of the key players being AWS, Cloudera, Hortonworks, IBM, Informatica, Microsoft, Oracle, Palantir, SAP, SAS, and Splunk.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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