Big Data Market by Technology Innovation and Growth 2021

According to a 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 global big data market size to grow from USD 138.9 billion in 2020 to USD 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.

Manufacturers are increasingly adopting big data solutions for risk management, operations and supply chain optimization, after-sales support, and predictive and preventive maintenance.

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.North America to hold the largest market size during the forecast periodNorth America is the most significant revenue contributor to the global big data market.

According to the new market research report by IndustryARC titled “Big Data Market in Food & Beverages Industry,By Type (Products, Software & Services); By Application (Precision Agriculture, Customer & Supplier Analytics, Quality Control, Smart supply chain, Demand forcasting, Waste & Spoilage control & Food safety) -Forecast (2018-2023)” the market will be driven by growing number of food and beverage retailers.

To access the full report, click the link below:https://industryarc.com/Report/17922/big-data-market-in-food-beverages-industry.htmlNorth America will dominate the Big Data Market in Food & Beverages Industry:North America will dominate the Big Data Market in Food & Beverage industry due to presence of  food and beverage industries which use big data analytics in the region.

Big data insights are used to analyse these changes and predict the quality of the food.Selected Driving Factors Mentioned in the Full Report:Increasing demand from consumers to know better about their food will drive the growth of the Big Data Market in food & beverage industry.

Big Data Market in Smarter Citieshttps://industryarc.com/Report/17921/big-data-market-in-smarter-cities.htmlB.

Big Data Market with Focus on Supply Chain Managementhttps://industryarc.com/Report/71/Big-Data-Market-in-Supply-Chain-Management.htmlThe Big Data Market in Food & Beverages Industry is Segmented as Indicated Below:Usage of data analytics tools for understanding customer preferences to serve the right products will drive the demand for the Big Data Market in Food & Beverages Industry.

Deloitte Touche Tohmatsu Limited      5.

October 24, 2018: This report focuses on the global Marine Big Data status, future forecast, growth opportunity, key market and key players.

The study objectives are to present the Marine Big Data development in United States, Europe and China.In 2017, the global Marine Big Data market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2018-2025.The key players covered in this studyTeradataSplunk, Inc.AIMS-SinayOceanwiseDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-marine-big-data-market-size-status-and-forecast-2018-2025/request-sample Intertrust Technologies CorporationMarineFINDBigOceanDataAvenca LimitedBMT Group Ltd.Datameer IncDatabricks Inc.Nautical Control SolutionsLPOcean Networks CanadaSmart OceanOpen OceanClick Here For Complete Report @ https://www.radiantinsights.com/research/global-marine-big-data-market-size-status-and-forecast-2018-2025 Market segment by Type, the product can be split intoSoftwareServicesMarket segment by Application, split intoRenewable EnergyOil and GasFisheryWhale WatchingMarine Protected AreaMarine TrafficDredgingHarborOffshore ConstructionOthersMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Marine Big Data status, future forecast, growth opportunity, key market and key players.To present the Marine Big Data development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Marine Big Data are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.

Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

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North America will continue to be the Largest Market Representing Highest Revenue Share of the Overall Market

According to a report published by RRI, the global market for storage in big data is projected to cross 9.599 Million by 2016 end. By 2026, the market is anticipated to reach US$ 61.44 Billion, expanding at a CAGR of 20.4% during the forecast period (2016–2026).

The global market for big data is primarily driven by increasing digitization of information and data records across the globe. Moreover, stringent regulations introduced by governments of various nations are compelling professional organizations to opt for digital maintenance of their records. This is most noticeable in the healthcare sector. Moreover, growing number of connected devices and rising popularity of software-based storage options is expected to influence the overall market growth during the forecast period. Likewise, the ever expanding digital data size is an additional factor, which is resulting in the higher adoption of data different storage technologies available in the market. In contrast, macroeconomic factors such as the hefty overall cost of acquiring flash storage and limited budget allocations for data storage are likely to hinder the growth of the global market for big data. Similarly, discrepancies in date representation is an additional factor that may pose a threat to overall market growth.

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Based on segment, the global market for storage in big data is segmented into hardware segment, services segment and software segment. Hardware is the largest segment of the global market for storage in big data accounting for over 49% value share of the market in 2015. In addition, the segment is anticipated to witness an incremental $ opportunity of US$ 16.38 Billion over the forecast period. The software segment is expected to witness an incremental $ opportunity of over 11 Billion during 2016 to 2026.

On the basis of industry, the global market for storage in big data in segmented into transportation, healthcare and medical, BFSI, IT and telecommunications, logistics & retail, entertainment, media and, others. In 2015, the BFSI segment accounted for US$ 1,694.1 Million in terms of value and is expected to surpass US$ 2,071 Million by 2016 end, registering a Y-o-Y growth rate of over 22%. The Media and Entertainment segment is projected to reflect healthy Y-o-Y growth rates throughout the forecast period.

On the basis of regions, the global market for storage in big data in segmented into North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Latin America, Eastern Europe, Japan, and the Middle East & Africa (MEA). The market in North America will continue to generate highest revenues over the forecast period, expanding at a CAGR of over 21% through 2026. In addition, the market in the region is expected to reach US$ 30.12 Billion by 2026 end. The Western Europe market for storage in big data is expected to grow the fastest, expanding at a CAGR of 21.8% over the forecast period. Latin America is anticipated to exhibit exciting market opportunities for leading players in the global market for storage in big data during 2016 to 2026.

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Vendor News
Key players operating in the global market for storage in big data include Amazon Web Services Inc., Google Inc., VMware Inc., Dell EMC, Oracle Corporation, Teradata Corporation, MemSQL, Inc. Microsoft Corporation, IBM Corporation, SAS Institute Inc., SAP SE, Hewlett Packard Enterprise, and Hitachi Data Systems Corporation. Most of these companies are actively focusing on higher investment in cloud services, upgrading flash storage product portfolio, offer hybrid storage services, integrating flash technology and cloud with storage devices, and jointly working with various other tech firms in order to improve their global presence and penetrate narrower distribution channels. In addition, leading companies are integrating storage systems with predictive analytics and also offering storage servers to end users in order to reduce latency time.

Summary: Hardware to be the largest segment of the global market for storage in big data during the forecast period.

Report Analysis@https://www.researchreportinsights.com/report/rd/110114957/Storage-in-Big-Data-Market

The growing demand for big data analysis includes increase in easy sharing, mobile devices, internet penetration, abundant information and resources.

At present due to cloud computing there is elevating demand for storage space and in coming nine years it is expected to witness more healthy growth.Software InsightsVisualization or Graphical user interface (GUI) is important because user need to access data when required.

The big data market is expected to present great opportunity for data vendor in next four to five years, so proper and effective visualization is needed.Big data analytics is processing large data sets to discover correlations, market trends and hidden patterns which is handy in making business decisions.

This segment is also expected to grow due to increase in awareness of analytics in large enterprises for making strategic decisions and to reduce risk of failure.Service InsightsService is delivery of information, consulting or statistical analysis tools to a firm by outside provider that helps to understand and use large information.

Demand for technicians and vendor executive will witness growth over forecasted period.End-Use InsightsDeveloped economics used data intensive technology on large scale.

Companies invest heavily for effective data traffic management tools such as predictive text analysis.

The report covers an overview of the industry along with a detailed explanation that provides a lot of insight.

The report also analyzes the production as well as management technology in various end-user industries.

An in-depth study in some new and prominent industry trends, analysis of the competition and regional analysis that is very detailed have been included in the report of the Big Data market for the review period of 2020 – 2027.There are many different factors that have caused the quick expansion of the Big Data market.

In addition to the above, government initiatives, as well as the competitive landscape that exists in the Big Data market through the forecast period, has been analyzed.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/big-data-market-1953Global Big Data Market Key Companies:IBM CorporationOracle CorporationMicrosoft CorporationSplunk IncorporatedAmazon Web ServicesIntel CorporationNetApp, Inc.GoogleTIBCO Software Inc.Dell Inc.VMware Inc.MicroStrategy, Inc.SAP SEEMC Corporation,Cloudera, Inc.Karmasphere Inc.HORTONWORKS, INC.Teradata CorporationHP EnterpriseThe base year of the study is 2020 and the forecast period stretches all the way till 2027.

This has led to the creation of a strong understanding of the market for the upcoming years.

In addition to this, different latent growth factors, opportunities and restraints are evaluated for this advanced study and suggestions are made for the market that pertains to the forecast period.SegmentationThe Big Data market covers different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Market ScenarioThe digitization of the data records globally is the primary driving factor of the storage in big data market.

It enable various business especially healthcare to be better managed the data and have up to date data records of the clients.

The study indicates that rising demand of integrated security & safety, cost, backups and precise storage   of data is driving the storage in big data market market.

It has been observed that the biggest restraints in the big data storage market are microeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage, in addition to improper data representation posing a threat to the global storage in big data market.

Also, this vast amount of data requires special computer powers which is another restraining factor for storage in big data market.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2651The storage in big data market is segmented on the basis of component and vertical.

The study reveals that Asia-Pacific market is creating new opportunities in storage in big data market due to improved business performance, meeting customer expectations and increasing competitive edge in the business.Key Players:The prominent players in the storage in big data market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.),    Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.Segments:Storage in big data market is segmented on the basis of component and vertical.