San Francisco, 27 February 2019: The Report Big Data Market Analysis By Hardware (Storage, Server, Network Equipment), By
Service (Consulting, Maintenance, Training & Development), By End-Use
(BFSI, Manufacturing, Retail, Gaming, Telecom), By Region & Segment
Forecasts, 2018 - 2025
The global big data market is expected to reach USD 123.2 billion by 2025, according
to a new report by Grand View Research, Inc. The amount of data flowing across
organizations has witnessed enormous growth over the last few years and the
trend continues. Evolving consumer demands coupled with contracting budgets are
impacted by the proliferating data, which puts considerable pressure on
organizations to make the right decision in order to seize a competitive
advantage.
Big data solutions enable organizations to
effectively manage large data volumes thereby reducing cost. Additionally,
these solutions also facilitate companies to overcome frauds, streamline
critical business processes, and reduce errors. Further, the growing need to
manage and monitor the heterogeneous nature of the data generated from web
clicks to satellite data is also anticipated to significantly propel the
industry growth over the next few years.
Increased adoption of cloud computing has
generated a large amount of data on account of rapid technological advancements
and increased connectivity, owing to smartphone proliferation. Thus, the big
data industry is estimated to witness a high demand in order to keep pace with
this data explosion. However, lack of skilled manpower including data analysts
and data scientists that are required to leverage big data capabilities is
expected to hamper the demand. There exists a huge requirement for
professionals who are capable of exploiting big data analytics in order to make
valuable decisions.
Access Research Report of Big Data
Market@ www.grandviewresearch.com/industry-analysis/big-data-industry
Further key findings from the report suggest:
· The network equipment segment is expected
to witness a healthy growth at a CAGR exceeding 20% over the forecast period,
owing to the reinforcement of new network infrastructures in order to offer
enhanced security.
· The visualization segment emerged as the
fastest growing software segment over the forecast period, which is ascribed to
the elevating demand for visuals to represent the analyzed data and convey
exact interpretation to consumers.
· Media & entertainment and gaming
captured a sizeable share exceeding 5% of the overall revenue, which is
attributed to the growing number of companies seeking to escalate the value of
their assets by integrating creativity with technological breakthroughs.
· North America accounted for a sizeable
revenue share exceeding 30% in 2015, which is attributed to the high
penetration, primarily, across the IT & telecommunication, BFSI, and retail
sectors.
· Notable industry players, such as IBM, HP,
Cloudera, and Oracle, are gradually investing in R&D, for developing
unified big data solutions that offer increased capabilities. These players
rely on developing innovation-led solutions to increase productivity and reduce
cost in an attempt to attract new customers.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/digital-media
Grand View Research has segmented the big
data market based on hardware, software, service, end-use, and region:
Big Data Hardware Outlook (Revenue, USD
Million; 2014 - 2025)
·
Storage
·
Server
·
Network Equipment
Big Data Software Outlook (Revenue, USD
Million; 2014 - 2025)
·
Analytics
·
Database
·
Visualization
·
Distribution Tools
·
Others
Big Data Service Outlook (Revenue, USD
Million; 2014 - 2025)
·
Consulting
·
Deployment & Maintenance
·
Training & Development
Big Data End-Use Outlook (Revenue, USD
Million; 2014 - 2025)
·
BFSI
·
Manufacturing
·
Retail
·
Media & Entertainment
·
Gaming
·
Healthcare
·
Telecommunication
·
Government
·
Others
Big Data Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East & Africa
Access Press Release of
Big Data Market@ www.grandviewresearch.com/press-release/global-big-data-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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