What is Big Data in Aerospace & Defense Market?
The global big data in aerospace & defense market is expected to grow at a slow pace during the forecast period, according to the AMA study. The increasing demand for data connectivity through hybrid & multi-cloud environments, growing demand for access & management of continuously increasing data of different organisations, and rising number of investments for development of big data technology for defense & aerospace applications are expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness a decline for the next few years due to the recent aerospace industry crisis caused by COVID-19 pandemic across the world, but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Commercial Aerospace and Military Aerospace & Defense) and major geographies with country level break-up.
Accenture (Ireland), Airbus (France), Amazon Web Services (United States), Cisco Systems, Inc (United States), Cloudera, Inc. (United States), Cyient (India), Google LLC (United States), Hewlett Packard Enterprise (United States), Hitachi (Japan), IBM (United States), Microsoft (United States), Oracle (United States), Palantir Technologies (United States), SAP (Germany), SAS Institute (United States) and Thales Group (France) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Big Data in Aerospace & Defense market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Big Data in Aerospace & Defense market by Type, Application and Region.
On the basis of geography, the market of Big Data in Aerospace & Defense has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Data Connectivity Through Hybrid and Multi-Cloud Environments
- Rising Demand for Huge Amount of Data Access with Automation & Low Storage Complications Across the Aerospace & Defense Sector
- Increasing Number of Investments in Big Data Technology Due to Increasing Number of Aerospace & Defense Operations Across the World
- Increasing Implementation of Artificial Intelligence (AI), IoT, and Blockchain in Big Data Technology
- Complexity in Insight Extraction
- Lack of Skilled Workforce due to High Demand
- Opportunities in the Defense Sector
- Risk of Cybersecurity in Big Data Platform
Strengthening Regulatory Landscape for Data Protection and Stringent Government Regulations Regarding Shutting Down of Airline Travel Operations Across the World Leading to Impacting the Big Data Market for Aerospace & Defense Sector