Press release
Big Data Platform Market Analysis Growth Factors and Competitive Strategies by Forecast 2032
The worldwide Big Data Platform market is likely to have significant demand during the forecast period due to rising need for data storage as a result of the CORONA virus outbreaks, as well as an increase in the number of work from home users. A big data platform is an IT solution that combines the features and capabilities of multiple big data apps and utilities into a single solution. As the virus spreads, with new cases reported every day, nations afflicted by coronavirus are also taking significant steps to combat it by utilising innovative technologies. According to the World Health Organization (WHO), AI and big data are helping to manage the coronavirus (COVID-19) epidemic.Big data analytics is a critical component of corporations since it enables firms to manage, process, and streamline huge datasets in real time while also improving decision-making power. Furthermore, the primary goal of big data and business analytics is to assist enterprises in better understanding their customers and narrowing their intended demographic, hence improving companies' marketing campaigns. Furthermore, numerous businesses are embracing big data and business analytics to examine the vast amounts of data generated by offline and online transactions. Furthermore, with the advent of cloud-based big data and corporate analytics, users may now access all information online from anywhere in the world. This enables a variety of big data service companies to boost their investment.
Big data Trends
Database Adoption Increasing Across Industries to Support Market Growth
Data is rapidly developing as a result of the widespread adoption of digital solutions in industries such as finance, healthcare, BFSI, retail, agriculture, and telecommunications and media. Artificial intelligence, for example, has a substantial impact on pest control, precision farming, and risk management in agriculture.
Smart machinery, soil sensors, and GPS-equipped tractors generate massive amounts of data. In agriculture, big data analytics is being utilised to analyse massive data sets, such as advanced risk assessment, supply tracking, natural patterns, optimal crops, and more.
Similarly, organisations are embracing bots to modernise and automate corporate operations. Furthermore, virtual assistants such as Apple's Siri, Google Assistants, and Amazon Alexa generate a massive amount of data.
According to a Statista estimate published in January 2021, the number of digital voice assistants is expected to reach 8.2 billion. As smartphone technology and network connectivity have improved, so has social media usage. Massive volumes of data are generated by Facebook, WhatsApp chats, YouTube videos, Instagram, Snapchat, and other services. As a result of enhanced industrial technology, increased smart application use, and new social media platforms, the industrial revolution is expected to result in massive databases. As a result, the market for big data analytics is expected to be driven by expanding databases across industries.
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Market Segmentations:
Global Big Data Platform Market: Top Key Players
Microsoft
AWS
IBM
Dell
Splunk
Micro Focus
SAP
Informatica
Teradata
Oracle
Cloudera
Palantir
HPE
Cisco
SAS
Big Data Platform Breakdown Data by Type
Cloud-Based
On-Premise
Big Data Platform Breakdown Data by Application
Banking
Manufacturing
Professional Services
Government
Others
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