Press release
Big Data Market Impact Positively on Regional Market
The segments of the global market have been studied using a SWOT analysis whereas the competitive landscape has been studied through a Porter’s five forces analysis. The research report puts forth a fair assessment of the future of the global bid data market along with its impact on the overall economy.
Geographically, the global big data market has been segmented into Asia Pacific, Europe, North America, and the Rest of the World. Research indicated that the big data market held a dominant share in North America, accounting for nearly 54.5% of the overall market in 2012.
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The growing number of Internet users in North America and the unstoppable Internet penetration has been driving the big data market across the region.
Several end users such as financial institutions, the retail market, healthcare sector, the media industry, and the governments are turning their attention towards big data to understand the vast amount of data generated by Internet users in a meaningful manner. Analytics services is a key area of big data market where vendors have mushroomed.
Developing countries of Asia Pacific such as Japan, China, and India are projected to offer remarkable opportunities in the market. The thriving businesses in these countries will encourage the constructive usage of big data in the coming years.
End users are expected to opt for big data services and software both to develop better products and services by understanding consumer behaviors along with their spending patterns.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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