Big Data Services Market Scope
The augmenting requirement for ensuring the high data quality and creating a channelized data flow in enterprises has fueled the need for technologically advanced big data solutions will help to boost global bog data service market in the forecasted period. Big data termed as a broader interpretation for large or complicated data sets that cannot be processed by traditional applications. The big data service is beneficial for capturing, analysis, curation, transfer, data privacy. Additionally, predictive analytics backed by big data plays an important role in performing risk analysis. Keeping critical information safe, developing fresh revenue streams and low maintenance cost are some of the many benefits offered by big data. Moreover, the expansion of big data analytics, covering data from intelligent systems such as smart meters, in-vehicle infotainment, sensors, etc. further boosts the big global big data service market.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Big Data Services market is expected to see growth rate of 23.41%
Leading IT brands are busy launching big data as a service market solutions and generating clients in the same month itself. They are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Big Data Services market throughout the predicted period.
IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Hewlett-Packard Company (United States), SAS Institute (United States), Accenture PLC (Ireland), Information Builders Inc. (United States), Google LLC (United States) and Amazon Web Services Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Alteryx Ltd (United States), Wipro Ltd (India), Opera Solutions LLC (United States), Guavus Inc. (Thales) (France) and MapR Technologies Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Big Data Services market by Type, Application and Region.
On the basis of geography, the market of Big Data Services 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 2018. 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. On-premise will boost the Big Data Services 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. Small and Medium Size Enterprises will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. JAVA will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution Type, the sub-segment i.e. Hadoop-as-a-Service (HDaaS) will boost the Big Data Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. IT and Telecommunication will boost the Big Data Services 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 17th May 2018, Oracle Corporation signed an agreement to acquire DataScience.com, whose platform centralizes data science tools, projects, and infrastructure in a fully-governed workspace. Oracle embeds AI and machine learning capabilities across its Software as a Service (SaaS) and Platform as a Service (PaaS) solutions, including big data, analytics, and security operations, to enable digital transformations in May 2018.
On 16th March 2018, IBM has launched science and machine learning New Data Platform and an elite consulting team to help them accelerate their AI journeys. To gain competitive advantage and increase productivity. IBM’s new Cloud Private for Data is integrated data science, data engineering and app building platform.
- Fueling Need Have Structured Data for Analysis
- Huge Demand for Data Science and Predictive Analysis
- Rising Demand for Increasing Organization Efficiency
- Increase in Data Volume Generated And Growing Adoption Of Cloud
- Huge Demand across Different Business Vertical and Investment Made By Prominent Market Player
- The Proliferation of Several Real-Time Information from Sources
- Data Security Concern Related With Big Data Services
- The Inability of Service Providers to Provide Real-Time Insights
- Rising Concern Associated with Privacy
Key Target AudienceTechnology Provides, Government Regulatory Bodies, Government and Private Research Organizations and Others
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