Big Data Technology Market Latest Industry Size, Growth, Share, Demand, Trends, Competitive Landscape and Forecasts to 2026

Susan R. Jones

The MarketWatch News Department was not involved in the creation of this content.

Feb 05, 2021 (The Expresswire) —
The global big data technology market is set to experience an impressive growth trajectory owing to the rising investment in robotic automation. The overall big data technology market is expected to grow from USD 36.8 Billion in 2018 to USD 104.3 Billion by 2026 at a CAGR of 14% during the forecast period. According to experts, investment in robotic process automation will exponentially rise in the coming years. This shows that automation in the knowledge industry is lowering production costs for companies and more importantly, it is making processes efficient by streamlining them. This will be a major factor that will significantly augment the global big data technology market revenue during the forecast period.

The global big data technology market size stood at USD 36.8 Billion in 2018 is projected to reach USD 104.3 Billion by 2026, exhibiting at a CAGR of 14.0% in the forecast period

To Gain More Insights into the Big Data Technology Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/big-data-technology-market-100144

The report also contains a detailed analysis of the plausible market trends and factors that play an influential role in the stipulated time period. Additionally, an assessment of the regions, segments, and major competitors has also been provided in a holistic manner in the report.

Big Data can be understood as a term that describes extremely large volumes of structured and unstructured data that businesses have to collect and analyze on a daily basis. Structured data is essentially numerical in nature that can be objectively analyzed. Unstructured data is one that is subjective in that it is retrieved from a variety of sources, such as social media, and needs to be interpreted in different ways. A combination of the two types of data creates Big Data, analyzing which requires different technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML).

Report Highlights:

  • A comprehensive overview of the Big Data Technology Market

  • Significant factors boosting, restricting, challenging and providing an opportunity to the market

  • Key insights and major industry developments

  • Significant players functioning in the Big Data Technology Market

  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others

  • Other market trends

List of top players in the global big data technology market are:

  • SAS Institute

  • IBM Corporation

  • Amazon Inc.

  • Google LLC

  • Dell Technologies

  • Cloudera, Inc.

  • Apple, Inc.

  • Microsoft Corporation

  • Siemens

  • Oracle Corporation

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“Growing IoT Application Areas to Boost the Market”

According to research by Cognizant, by 2020, the number of connected devices in the world is going to reach 30 billion, spiking the demand for IoT across sectors and industries. The research also highlights how profitable implementing IoT will be for businesses. For instance, it says that enterprises that integrate IoT into their processes can reduce their supply chain costs by 20% and increased productivity by 10 to 20%. This factor will contribute to the expansion of the global big data technology market size until 2026.

Regional Analysis for Big Data Technology Market:

  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

“Widening Scope of AI to Fuel the Market”

Growing evidence suggests that multiple sectors are actively adopting AI solutions. For example, McKinsey estimates that 75% of the service operations in the telecom sector are being performed using AI, while 52% of marketing and sales functions in the retail sector are being accomplished through AI. Ever-increasing volumes of data will require extensive use of AI technology, which will spur the global big data technology market growth in the coming decade.

The report answers the following questions:

  • What are the recent big data technology market trends and developments?

  • How will the market be affected by changing consumer behavior?

  • Which strategies are being adopted by key players to enhance their market footprint?

  • Which region will remain in the dominant position in terms of revenue?

  • How many niche segments are present in the market?

“Investments in Big Data and Related Technologies to Propel Growth in North America”

North America, particularly the US, is witnessing the rising implementation of big data technologies across various industries. As a result, North America will occupy a prominent position in the global big data technology market during the forecast period. However, Asia-Pacific will hold the largest chunk in the global big data technology market share owing to the massive leaps made by Japan, China, and South Korea in IoT, Machine Learning, AI, Big Data Analytics, and other advanced technologies.

“Remunerative Opportunities Await Competitors”

In September 2019, Dubai-based Aramex announced that it would be transferring its on-site technology infrastructure onto Amazon Web Service (AWS) platform to enhance their data management capacities and improve customer experience. The global big data technology market is slated to gain as companies begin to acknowledge the productivity advantages that cloud computing and affiliated technologies have. Market competition in big data is also seeing a rising trend of acquisitions. For instance, Alibaba acquired Data Artisans in 2018 and transformed its online customer experience through the application of AI in its core operations.

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Major Table of Contents:

  1. Introduction

    • Definition, By Segment

    • Research Approach

    • Sources

  2. Executive Summary

  3. Market Dynamics

    • Drivers, Restraints and Opportunities

    • Emerging Trends

  4. Key Insights

    • Macro and Micro Economic Indicators

    • Consolidated SWOT Analysis of Key Players

    • Porter’s Five Forces Analysis

  5. Global Big Data Technology Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Size Estimates and Forecasts

      • By Offering (Value)
      • By Deployment (Value)
      • By Application (Value)

        • Customer Analytics

        • Operational Analytics

        • Fraud Detection and Compliance

        • Enterprise Data Warehouse Optimization

        • Others (New Product and Service Innovation)

      • By End Use Industry (Value)

        • BFSI

        • Retail

        • Manufacturing

        • IT and Telecom

        • Government

        • Healthcare

        • Utility

        • Others

      • By Geography (Value)

        • North America

        • Europe

        • Asia Pacific

        • Middle East and Africa

        • Latin America

  1. North America Big Data Technology Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Size Estimates and Forecasts

TOC Continued…….!

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Press Release Distributed by The Express Wire

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