Overview of Big Data Technology and Services Market: BFSI Industry to Represent a Leading Segment

A fresh study, covering “Big Data Technology and Services Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the ICT market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the global big data technology and services market.

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As per the new report compiled by Fact.MR, the global market for big data technology and services is likely to witness strong growth. The market is expected to increase to 22.6% CAGR between 2017 and 2026. The global market for big data technology and services is estimated to reach US$ 183,971.9 million dollar by the end of 2026. One of the biggest trends in the big data technology and services market is the rise in market consolidation. Increasing number of computing vendors are acquiring companies to offer new big data technologies. Big data service providers are also focusing on increasing processing capabilities of big data solution. Following insights show how the global big data technology and services market will perform in the coming years.

4 Forecast Highlights on Global Big Data Technology and Services Market

1- North America is expected to remain dominant in the global big data technology and services market during the forecast period 2017-2026. A significant increase in data generation from various industry verticals is one of the key factors driving the big data technology and services market in North America. Big data technology and services market is witnessing growth in the U.S. and Canada. Moreover, healthcare and retail industry are the largest users of big data applications.

2- The software is expected to gain maximum traction in global big data technology and services market. By the end of 2026, software is estimated to surpass US$ 72,400 million revenue.

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3- BFSI is likely to emerge as one of the largest industries in the global market for big data technology and services between 2017 and 2026. BFSI is projected to bring in close to US$ 33,700 million revenue towards 2026 end.

4- Big data technology and services to find the largest application in datacenter networking infrastructure during 2016-2026. Datacenter networking infrastructure is estimated to bring in nearly US$ 40,900 million revenue by the end of 2026.

The report has also profiled leading players in the global market for big data technology and services, which will remain active through 2026. These include companies such as Oracle Corporation, IBM, Microsoft Corporation, SAP SE, HP, Amazon Web Services, Teradata, Dell Incorporation (EMC), SAS Institute, and Cisco Corporation.

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