The exponential growth in the number of connected and smart
devices across different organizations, verticals and organizations day to day
activities has resulted in the high volume of structured and unstructured data
generation. Which has ultimately fostered the adoption of efficient big data
solutions and services. As Big Data technologies and solutions offers users'
actionable insights which are critical for their businesses, it has experienced
a good adoption rate in almost every industry verticals.
Big data solution and services providers offer a great deal to end
users in gaining insights which help companies into better decision making and
formulating effective business strategies. It also helps companies in
determining areas for cost and time reduction, causes of failure, highlighting
defects in a real time basis. Big data is highly impacting the way
organizations use to work, it is arming organizations with critical data useful
for their businesses and improving operational efficiency. It also helps
companies to gain competitive advantage while creating new sources for revenue.
Increasing numbers of connected devices and growth in data volume
from various devices and sources are some of the factors that are driving the
adoption of Big Data solutions and Services. Low awareness of the usage of Big
Data analytics and high presence of legacy architecture are few of the factors
that will hinder the growth of Big Data solutions and services market, however
high growth in demands of on cloud Big Data solutions and services are expected
to provide high growth opportunities for various Big Data solutions and service
providers.
The Big Data market is segmented on the basis of component into
solution and services. Further, on the basis of deployment model the global Big
Data market is segmented into On-premise and cloud. The Big Data market is also
divided on the basis of industry vertical into Banking, Financial Services and
Insurance (BFSI), Retail and Consumer Goods, Media and Entertainment,
Healthcare and Life Sciences, Manufacturing and others. The global Big Data
market is also bifurcated on the basis of regions into North America, Europe,
Asia Pacific, South America and Middle East & Africa.
North America holds one of the largest share in the global Big
Data market. High technological adoption trends and high growth of data among
different verticals in North American region has particularly boosted the
growth of the Big Data market. Asia Pacific is also one of the most promising
market for Big Data due to increasing data growth in the developing economies
such as India and China.
Global Big
Data Players:
IBM
Corporation
Hewlett-Packard
Enterprise.
Amazon
Web Services
Microsoft
Corporation
SAP SE
Dell Inc.
SAS
Institute
Teradata
Corporation
Splunk
1010data
Inc.
Palantir
Technologies Inc.
Hitachi
Ltd
Cloudera
Inc,
Opera
Solutions
Calpont
Corporation
Mu
Sigma
Sisense
CSC
Corporation
Wipro
Limited
Bodhtree
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