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Research report explores the big data market forecast 2017-2022

Research report explores the big data market forecast 2017-2022

Big Data and analytics is increasingly a game of inches - a bit more investment and differentiation will yield massive paybacks. IDC research shows that cognitive systems will be a major disruption and will significantly impact businesses, healthcare, work, society and economies.

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The largest big data segment Make an Inquiry about this news is currently professional services, which represents around two fifths of the total market and generates around 10 billion U.S. dollars annually. Some analysts suggest this may not last, however, with service revenues giving way to big data software revenues Make an Inquiry about this news over the coming decade.

Across all segments, IBM is the current market leader Make an Inquiry about this news, with revenues of about 1.5 billion U.S. dollars from big data. Hewlett Packard Enterprise and SAP round out the top three, with big data revenues for each company reaching close to a billion U.S.

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dollars.

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While the industry is growing steadily, client companies continue to have some concerns with the wholesale adoption of big data. Employees and executives working with big data have listed security, cost, and a lack of technical big data expertise as some of their most pressing concerns Make an Inquiry about this news, and many executives believe that maintaining the quality of collected data remains a significant challenge Make an Inquiry about this news.

Report Scope

The big data market report is broadly segmented into the following:

Global big data Market, by Component

  • Software
  • Big data analytics
  • Data Discovery and visualization
  • Data management
  • Services
  • Consulting and system integration
  • Training and support
  • Managed services

Global Big data Market, by Type

  • Structured
  • Semi-Structured
  • Unstructured

Global Big data Market, by Deployment Model

  • On-Premise
  • Om-Demand

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Global Big Data Market, by Vertical

  • Banking, Financial Services, and Insurance (BFSI)     
  • Government and Defense
  • Healthcare and life sciences
  • Manufacturing
  • Retail and consumer goods
  • Media and Entertainment
  • Energy and utility
  • Transportation
  • IT and telecommunication
  • Academia and research
  • Others   

Global Big data Market, by Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

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News From

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  • www.statista.com/statistics/301558…ldwide-by-segment
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  • www.statista.com/statistics/491226…a-main-challenges