Big Data Platform Market Definition
The global Big Data Platform market expected to witness high demand in the forecasted period due to rising demand for data storage due to CORONA virus crises coupled with increasing the number of work from home users. The big data platform is a type of IT solution that combines the features and capabilities of several big data applications and utilities within a single solution. As the virus continues to intensify with new cases coming out every day, nations affected with coronavirus are also taking major steps to address this by using advanced technologies. According to the World Health Organization (WHO), AI and big data is playing a significant role to control the coronavirus or COVID-19 pandemic.
The market study is broken down and major geographies with country level splits. and may see market size of USD224.0 Billion by 2025.
The key players including Amazon Web Services, Google Cloud, and others have recently offered researchers free access to open datasets and analytics tools to help them develop COVID-19 solutions faster. Google Cloud is offering researchers free access to critical coronavirus information through its COVID-19 Public Dataset Program, which will help accelerate analytics solutions during the global pandemic. Also, the ‘AWS COVID-19 data lake’ is a centralized repository of up-to-date and curated datasets on or related to the spread and characteristics of the novel coronavirus, COVID-19. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Big Data Platform market throughout the predicted period.
Microsoft (United States), Teradata (United States), IBM (United States), Oracle (United States), SAS Institute (United States), Google (United States), Adobe (United States), AWS (United States), SAP (Germany), Salesforce (United States) and HPE (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Talend (United States), Qlik (United States), TIBCO Software (United States), Alteryx (United States), Sisense (United States), Informatica (United States), Cloudera (United States), Splunk (United States), Palantir Technologies (United States), 1010data (United States), Hitachi Vantara (United States), Fusionex (Malaysia), Information Builders (United States), Micro Focus (United Kingdom), MicroStrategy (United States), ThoughtSpot (United States) and Yellowfin (Australia).
AdvanceMarketAnalytics has segmented the market of Global Big Data Platform market by Type, Application and Region.
On the basis of geography, the market of Big Data Platform 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud [Hybrid Cloud, Private Cloud, Public Cloud] will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services and Insurance (BFSI) will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Finance will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions [Big Data Analytics, Data Discovery, Data Management, Data Visualization will boost the Big Data Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 12th February 2020, Oracle has announced the availability of the Oracle Cloud Data Science Platform. At the core is Oracle Cloud Infrastructure Data Science, helping enterprises to collaboratively build, train, manage and deploy machine learning models to increase the success of data science projects.
On 10th July 2019, IBM continues to enhance our storage solutions for AI and big data so our clients get the most out of their growing data on-premises and in the cloud. Today, IBM announces innovations that allow our clients to leverage more heterogeneous data sources and data types for deeper insights from AI and analytics.
- Increasing Demand for Data Connectivity Through Hybrid and Multi-Cloud Environments
- Incorporation of Digital Transformation in Top-Level Strategies
- Plummeting Technology Costs and Development of Open Source Big Data Software Frameworks
- The Emergence of Artificial intelligence, IoT, and Blockchain With Big Data
- Strengthening Regulatory Landscape for Data Protection
- The Dearth of the Skilled Workforce as well as Complexity in Insights Extraction
- Disconnect Between Consumers and Businesses Giving Rise to Privacy and Security Concerns
Key Target AudienceBig Data Platform Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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