Global Big Data Market is Expanding At A CAGR of 22.4% Over the Forecast Period 2016-2024

According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024, growing at a compounded annual growth rate of 22.4% over the forecast period 2016-2024. The increasing volume of data is significantly creating a demand for cost-effective, flexible and secure storage of data such as Hadoop and others. Global big data market segmentation has been carried out on the basis of the type of data, components, application, end user, and geography. Leading players of big data industry are investing in the research and development of big data solution to manage and integrate the structured and unstructured data. Global big data market is majorly driven by North America, growing at a CAGR of 15.6% during the forecast period. North America is closely followed by Europe growing at a CAGR of 19.1% during the forecast period. Further, Asia Pacific is expected to be the fastest growing market with leading countries in the region being China, Japan, and India.

Market Segmentation

On the basis of our in-depth analysis, Global Big DataMarket can be segmented as follows:

  • Based on Type of Data
    • Unstructured Data
    • Structured Data
  • Based on Components
    • Hardware
    • Software
    • Services
  • Based on Application
    • Financial Analytics
    • Risk Analytics
    • Customer Analytics
    • Operational Analytics
  • Based on End-User
    • Banking & Finance
    • Government
    • Transportation & Logistics
    • Aerospace and Defense
    • IT & Telecommunication
    • Healthcare
    • Energy & Utilities
    • Manufacturing
    • Other Sectors (Education)
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Market Drivers & Key Players

Global Big Data Market Outlook 2024 contains a detailed overview of the global big data market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by type of data, components, application and end user.

Further, for the in-depth analysis, global big data industry analysis report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Splunk Incorporated, Intel Corporation, TIBCO Software Inc., NetApp, Inc., Google, Dell Inc., SAP SE, VMware Inc., MicroStrategy, Inc., EMC Corporation,HORTONWORKS, INC., Cloudera, Inc., Karmasphere Inc., Teradata Corporation, HP Enterprise,etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global big data market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

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