Global Big Data Market is Expanding at a CAGR of 22.4% Over the Forecast Period (2016-2024)

Posted on 2018-08-28 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-28 — /EPR Network/ —According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024, growing at a compounded annual growth rate of 22.4% over the forecast period 2016-2024. The increasing volume of data is significantly creating a demand for cost-effective, flexible and secure storage of data such as Hadoop and others.

Global big data market segmentation has been carried out on the basis of the type of data, components, application, end user, and geography. Leading players of the big data industry are investing in the research and development of big data solution to manage and integrate the structured and unstructured data. Global big data market is majorly driven by North America, growing at a CAGR of 15.6% during the forecast period. North America is closely followed by Europe growing at a CAGR of 19.1% during the forecast period. Further, Asia Pacific is expected to be the fastest growing market with leading countries in the region is China, Japan, and India.

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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 Big Data Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe Big Data Market (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa Big Data Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America Big Data Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Asia Pacific Big Data Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Market Drivers & Key Players

Global Big Data Market Outlook 2024 contains a 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, global big data industry analysis 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 analysis 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 share 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.

Key questions answered in this Global Big Data Market Report

What is the Global Big Data Market Size by 2024 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the big data market trends?
What are the factors which are driving this industry?
What are the major barriers to big data industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?

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