openPR Logo
Press release

Big Data Market may reach to $229.4 billion by 2025

09-09-2021 04:47 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Big Data Market

Big Data Market

According to a new market research report "Big Data Market by Component, Deployment Mode, Organization Size, Business Function (Operations, Finance, and Marketing and Sales), Industry Vertical (BFSI, Manufacturing, and Healthcare and Life Sciences), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Big Data Market size to grow from $138.9 billion in 2020 to $229.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.

The major growth factors of the big data market include the increasing awareness of Internet of Things (IoT) devices among organizations, increasing availability of data across the organization to gain deeper insights to remain competitive, and increasing government investments in various regions for enhancing digital technologies. The proliferation of data amounting to big data has forced vendors to adopt big data solutions and help data engineers to simplify and manage their decision-making process. Big data solutions enable organizations to access to social media data from search engines and sites, such as Facebook, Twitter that enable organizations to fine tune their business strategies.

Browse in-depth TOC on "Big Data Market”
124- Tables
65- Figures
247- Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1068

Large enterprises segment to hold a larger market size during the forecast period

The big data market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment is expected to have a larger market size during the forecast period, due to accessing large volume of data being generated from various sources that demand for real-time data insights. However, the SMEs segment is expected to grow at a higher CAGR during the forecast period. SMEs are growing at a rapid rate and are keen to implement big data on the cloud that will help them analyze huge volumes of data and make faster business decisions.

By vertical, the manufacturing vertical to grow at the highest CAGR during the forecast period

The big data market by industry vertical is segmented into nine categories: Banking, Financial Services and Insurance (BFSI), government and defense, healthcare and life sciences, manufacturing, retail and consumer goods, media and entertainment, telecommunications and Information Technology (IT), transportation and logistics, and others (real estate, travel and hospitality, energy and utilities, and education and research). The manufacturing industry vertical is expected to grow at the highest CAGR during the forecast period. The manufacturing industry vertical is the most affected by big data trends and possibilities due to the nature and amount of data that is produced by it. Manufacturers are increasingly adopting big data solutions for risk management, operations and supply chain optimization, after-sales support, and predictive and preventive maintenance. The manufacturing industry in big data includes various use cases, such as predictive maintenance, production optimization, operational efficiency, and market pricing and planning. Organization such as HP needed to find the right technology for building an infrastructure for their internal big data development projects and provide new platform for its clients. HP implemented MapR ApacheTM Hadoop software in big data that will enable HP to develop new solutions that can monitor product quality through telemetry data and create a 360-degree customer experience.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/big-data-market-1068.html

North America to hold the largest market size during the forecast period

North America is the most significant revenue contributor to the global big data market. The region is witnessing significant developments in the big data market. Big data solutions are gaining traction in the BFSI industry vertical in North America. These solutions offer more flexible, scalable, and cost-effective storage solutions, along with offering improved analytics capacity. Several big data solution providers in North America are experimenting in the market by integrating big data technologies, such as Hadoop and Apache with their existing big data solutions. The increasing adoption of IoT devices by various businesses in the region are leading to the growth of the big data market. Major North American vendors in the big data market are Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), AWS (US), HPE (US), Salesforce (US), Cloudera (US), MicroStrategy (US), SAP (Germany), ThoughtSpot (US), Qlik (US), Micro Focus (US), TIBCO Software (US), Sisense (US), Yellowfin (Australia), and Alteryx(US).

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1068

The report includes the study of the key players offering big data solutions and services. The major vendors includes Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), Adobe (US), Talend (US), Qlik (US), TIBCO Software (US), Alteryx (US), Sisense (US), Informatica (US), Cloudera (US), Splunk (US), Palantir Technologies (US), 1010data (US), Hitachi Vantara (US), Fusionex (Malaysia), Information Builders (US), AWS (US), SAP (Germany), Salesforce (US), Micro Focus (UK), HPE (US), MicroStrategy (US), ThoughtSpot (US), and Yellowfin (Australia). It also includes an in-depth competitive analysis of the key players in the big data market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org

Content Source: https://www.marketsandmarkets.com/PressReleases/big-data.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Big Data Market may reach to $229.4 billion by 2025 here

News-ID: 2388397 • Views: 435

More Releases from MarketsandMarkets™

Identity Verification Market predicted to gain $15.8 billion by 2025
According to a new market research report "Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size to grow from USD 7.6 billion in 2020 to USD 15.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during
Security and Vulnerability Management Market predicted to grow $18.7 billion by …
According to a new market research report "Security and Vulnerability Management Market by Component (Software and Services), Target, Deployment Mode (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the security and vulnerability management market size projected to grow from USD 13.8 billion in 2021 to USD 18.7 billion by 2026, at a Compound Annual Growth Rate (CAGR)
Digital Transformation Market predicted to grow $1009.8 Billion by 2025
According to a new market research report "Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence), Deployment Type, Vertical (BFSI, Retail, Education), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Digital Transformation Market size expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during
Managed Network Services Market predicted to grow $82.3 billion by 2026
According to a new market research report "Managed Network Services Market by Type ( Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, Network Monitoring), Organization Size (Large Enterprises and SMEs), Deployment Mode, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 57.4 billion in 2021 to USD 82.3 billion by 2026, at a Compound Annual Growth Rate (CAGR)

All 5 Releases


More Releases for Big

Big Data Infrastructure Market
The Global Big Data Infrastructure Market will grow tremendously at a CAGR of +33% over the forecast period. With the emergence of efficient data management technologies, the market for big data infrastructure has a positive outlook until the end of 2020. Recently, there has been an upsurge in both structured and unstructured data, resulting in the increasing popularity of big data. Earlier, management and analysis of these data were a
Big Pharma Outlook 2026
Boston, MA ReportsWorldwide has announced the addition of a new report title Big Pharma Outlook 2026 to its growing collection of premium market research reports. Pharmavitae Analytics casts its eye out to 2026 with challenging trends in healthcare management set to crystallize, Big Pharma will add $29.5bn in revenues out to 2026, generating $351bn in prescription pharmaceuticals at a low single-digit compound annual growth rate (CAGR) of 0.9%. Using in-house sales forecasts,
Big Market Research
Big Market Research has added a report, titled, “Global Financial Technology (FinTech) Market Size, Status and Forecast 2022.”The report provides a detailed information and analysis of production, revenue, drivers & opportunities, key manufacturers, and competitive landscape. Furthermore, current market trends and growth opportunities are discussed along with extensive analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. ABSTRACT About Financial Technology (FinTech) Market An overview of the
Big Market research
According to a report added by Big Market Research, titled, “2017-2022 Malaysia 3D Animation Software Market Report (Status And Outlook)”. Get Sample@ https://goo.gl/YgkrFg The research is of utmost significance to big market players as it offers a comprehensive understanding of continuous changes in the supply and demand scenario. The report a brief introduction on the Malaysia 3D Animation Software Market in reference to scope and product. It divides the market
Big Data – Small Devices
Are we facing a new way of doing data science? Do we need novel methods for machine learning? On Monday, March 7, leading IT experts will convene at the German Center for Research and Innovation (GCRI) in New York for a discussion on Big Data and resource-restricted systems. NEW YORK (March 3, 2016) – The amount of digitally recorded information in today’s world is growing exponentially. Massive volumes of user-generated information
ParetoLogic Raises Big Bucks for Big Bike
This year’s Big Bike fundraiser for the Heart and Stroke Foundation raised almost $100,000 in Victoria, with over $10,000 of that coming from ParetoLogic. As the highest fundraiser in Greater Victoria, the software developers were awarded the Golden Gears award. ParetoLogic more than doubled their initial team goal of $5,000 due to overwhelming support from the staff and management of ParetoLogic. “This charity has a personal connection for many of