Global Big Data Market Expected to Reach XX Million by 2025, emerging technologies boosting the growth.
According to a new report published by Reports Monitor titled, “Big Data Market Analysis by Key Players: IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, SAP SE, Dell Incorporated and SAS Institute, 2017–2025,” the big data market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is expected to hold the Market Leadership till the Forecast Period.
Traditional data mining techniques lacks the feature of generating business insights from underlying data. Dynamic growth of unstructured data cannot be handled or processed by the relational databases. This type of data can be handled with the help of an approach known as big data, which works with massive parallelism on the specialized hardware.
The Global Big Data Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
Expansion of heterogeneous information produced from web clicks boosting the need to oversee and screen the information which will altogether instigate the big data development soon. However lack of skilled technical work force for the effective management of growing data forms the major factor in hampering the market growth. Continuous Adoption of cloud technology owing to the flexibility offered in terms of cost and storage becomes one of the significant factors in the generation of new market opportunities.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in big data market and what are their strategies?
• How is big data market evolving by segments and regions?
• Which vertical industry is expected to show major growth?
The major companies profiled in the report include: International Business Machines (IBM) Corporation , Oracle Corporation , Microsoft Corporation , Hewlett-Packard Enterprise ,SAP SE , Amazon Web Services , SAS Institute , Dell, Inc. , Teradata Corporation , Splunk and others.
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