Big data market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the big data market by region.
The global big data market is relied upon to develop at a 13.35% CAGR from 2018 to 2023.
Global Big Data Market: By Component (Hardware, Software, Service), By Technology (Predictive Analytics, Machines Learning, Hadoop), Organization Size (Large Enterprise, SMEs), Deployment (On-Premise, Cloud), By End-User (BFSI, Manufacturing, IT, Government)?Forecast Till 2023
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According to Statista, as of 2022 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2030. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
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There is enormous application potential for huge information as endeavors are progressively putting resources into the innovation to streamline their activities. Big analytics data is empowering the advancement of applications focused to improve business nimbleness. The market development is required to remain affected by miniaturized scale and macroeconomic elements, government backing, and industry advancement. Putting resources into R&D pipeline will profit players over the long haul. Advancement and mindfulness about mechanical improvements will be significant for keeping up a focused edge. The global big data market is relied upon to develop at a 13.35% CAGR from 2018 to 2023. Towards the finish of the evaluation time frame, the market is probably going to outperform a valuation of USD 81,500 million.
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The global big data market is classified on the basis of its component, organization size, technology, end-user, deployment and regional demand. Based on its Component, the market is divided into Software, Hardware and Service. On the basis of its Organization Size, the market is categorized into SMEs and Large Enterprise. On the basis of its technology, the market is segmented into Machines Learning & Data Mining, Predictive Analytics, Natural Language Processing, Hadoop, Stream Processing, NoSQL, and MPAD. Based on its Deployment, the market is segmented into On-Cloud and On-Premise. On the basis of its End-User, the market is bifurcated into Manufacturing, BFSI, IT, Government, Transportation, Telecommunications, Healthcare, Retail, Energy & Utilities, and Others.
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Geographically, the global big data market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Oracle Corporation, SAP SE, Accenture PLC, Tableau Software, Fair Isaac Corporation, Hewlett Packard Enterprise Company, Splunk Inc, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Dell Technologies, Amazon Web Services, among others are some of the major players in the global big data market.
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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