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Global Big Data in Military Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

05-06-2022 10:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global big data in military market is anticipated to grow at a CAGR of 12.0% during the forecast period (2022-2028). Big data is a massive, voluminous amount of unstructured or semi-structured data that is collected over time. The major factor expected to drive the global big data in military market is owing to the increased adoption of big data analytics software by all types of the military to deliver enhanced & faster decision-making and to provide competitive advantage by analyzing and acting on information in a timely manner along with growing demand for a cloud-based big data analytics software which can be accessed from any devices anywhere. In addition, rising big data concerns coupled with the growing digitalization in the military and defense sector are boosting the growth of the global big data in military market during the forecast period.

Additionally, by component segment, the software segment dominates the market owing to its vast solution offerings such as credit risk management, business intelligence solutions, CRM analytics, workforce analytics, and others. Further, shifting to digital platforms, the defense and security sector are adopting business intelligence solutions, customer relationship management, and workforce analytics as they support them with real-time insights, foresight, and visualization that provide advanced decision-making capabilities.

Some major players in the market include Microsoft Corp., IBM Corp., and Oracle Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in July 2020, Microsoft Corp. announced the acquisition of Orion's systems, a data analysis service provider. Further, the company said that the acquisition enables retailers and other businesses to design and educate their own AI models to adapt, optimize, and learn from their physical spaces.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type of Military
o By Deployment
o By Component

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Microsoft Corp., IBM Corp., and Oracle Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Big Data in Military Market is available at:
https://orionmarketreports.com/global-big-data-in-military-market/105064/

Global Big Data in Military Market Report by Segment

By Type of Military
• Army
• Navy
• Air Force

By Deployment
• Cloud-Based
• On-Premise

By Component
• Software
• Hardware
• Services

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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