Big Market Research added a report on “Global Big Data Market: Size, Trend, Share, And Opportunity Analysis & Forecast, 2014-2025”. Global big data market is expected to grow at a CAGR over16% from 2017 to 2025.
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Big data Market refers to utilization of advanced analytics technique such as machine learning, predictive analytics, and data mining to analyze data sets which may be of different types (such as structured/unstructured and streaming/batch) and different size (terabytes to zettabytes). It allows financial institutions to gain a deeper understanding of suspicious activities, derive patterns, and locate unusual transactions that helps in preventing fraud.
In addition, analyzing big data allows analysts, researchers, and business users to make better and faster decisions using data that was earlier inaccessible or unusable. Global big data market is expected to grow at a CAGR over16% from 2017 to 2025.
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Based on component, market is segmented into software, big data analytics, data discovery & visualization, data management, services, consulting & system integration, training & support, and managed services. By type, it is divided into structured, semi-structured, and unstructured.
Based on deployment model, it is classified into on-premises and on-demand. Various industries included in the report are banking, financial services, and insurance (BFSI), government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation, IT & telecommunication, and others.
Geographical breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Increase in fraudulent activities
Switch from analog to digital
Lack of awareness regarding benefits of big data
The top players in the global big data market include International Business Machines (IBM) Corporation, Oracle, Microsoft Corporation, Hewlett-Packard Enterprises, SAP SE, Amazon Web Services, SAS Institute, Dell Incorporation, Teradata and Splunk.
o Big data analytics
o Data discovery & visualization
o Data management
o Consulting & system integration
o Training and support
o Managed services
By Deployment Model
By Industry Vertical
o Banking, Financial Services, and Insurance (BFSI)
o Government & Defense
o Healthcare & Life Sciences
o Retail & Consumer Goods
o Media & Entertainment
o Energy & Utility
o IT & Telecommunication
- North America
o Latin America
o Middle East
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