Global Big Data Market to Grow at a CAGR of 22.4% During 2016-2024 To Manage Increasing Amount of Data Globally

Posted on 2018-08-02 by Goldstein Research in Aerospace, Technology // 0 Comments

New York, USA, 2018-Aug-02 — /EPR Network/ — According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024, growing at a CAGR of 22.4% over the forecast period 2016-2024. Continuous generation of the abundant volume of data by various sectors is raising the need for analysis of these data and significantly propelling the business prospects for big data analytics. Cloud computing provides cost-effective, flexible and secure storage of data. Global big data market segmentation has been done on the basis of the type of data, components, application, end-user and geography. The big data market is experiencing a massive growth owing to the remarkable increase in organizational data and spending on R&D. Global organizational spending is estimated to reach over USD 500 billion by the end of 2024. Global big data market is largely dominated by North America, which is expected to grow at a CAGR of 15.6% during the forecast period. Rising manufacturing industries in Asia Pacific predicts APAC to be the fastest growing region for global hadoop market.

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Market Segmentation

On the basis of our in-depth analysis, Global Big Data Market can be segmented as follows:

Based on Type of Data

Unstructured Data
Structured Data

Based on Components

Hardware
Software
Services

Based on Application

Financial Analytics
Risk Analytics
Customer Analytics
Operational Analytics

Based on End-User

Banking & Finance
Government
Transportation & Logistics
Aerospace and Defense
IT & Telecommunication
Healthcare
Energy & Utilities
Manufacturing
Other Sectors (Education)

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Big Data Market Outlook 2024” contains the detailed overview of the global big data market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by type of data, components, application and end-user.

Further, for the in-depth analysis, Big Data Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Splunk Incorporated, Intel Corporation, TIBCO Software Inc., NetApp, Inc., Google, Dell Inc., SAP SE, VMware Inc., MicroStrategy, Inc., EMC Corporation, HORTONWORKS, INC., Cloudera, Inc., Karmasphere Inc., Teradata Corporation, HP Enterprise, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global big data market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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