Press Release
Press Release
As the volume of data generated by various devices continues to soar exponentially, the need to extract value from this data has become paramount, contributing to the big data market growth. The advent of cloud computing has revolutionised data storage, offering cost-effective, flexible, and secure solutions. This has spurred the demand for big data systems for real-time analysis of data to gain valuable insights or identify risk factors.
Furthermore, the rise of the Internet of Things (IoT) has further accelerated the market growth. Effectively managing vast data volumes and deriving actionable insights has become a driving force for businesses. Companies like Facebook, investing significantly in research and development, contribute to the burgeoning demand for big data solutions. Notably, emerging economies like China are expected to witness rapid growth in the big data market in the coming years.
Fig: IoT Connected Devices, Billion Units, Year: 2018-2029
North America currently dominates the market for big data, supported by the presence of robust IT infrastructure. In North America, there is a widespread adoption of IoT and related services across various industrial sectors, leading to substantial data generation. This trend can also be observed in developing regions, where companies are increasingly leveraging big data to gain valuable insights and make informed business decisions to stay competitive. Within the Asia Pacific region, China is expected to exhibit the fastest growth, followed closely by countries like Australia, India, and South Korea, contributing to the overall market expansion over the forecast period.
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The major players in the global big data market are IBM Corporation, Oracle Corporation, Microsoft Corporation, Accenture Plc, Amazon Web Services, Inc, Google LLC, Dell Technologies, Inc, VMware, Inc, Hewlett Packard Enterprise Development LP, Teradata Corporation, SAP SE, and ScienceSoft, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Hardware |
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Breakup by Deployment Mode |
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Breakup by Application |
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Breakup by End-Use |
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Market Dynamics |
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Companies Covered |
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