Global Big Data Market to Grow at a CAGR of 22.4% During 2016-2024 To Manage Increasing Amount of Data Globally


Posted June 14, 2018 by Steveblade

According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024
 
According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024, growing at a CAGR of 22.4% over the forecast period 2016-2024. Continuous generation of abundant volume of data by various sectors are raising the need for analysis of these data and significantly propelling the business prospects for big data analytics. Cloud computing provides cost effective, flexible and secure storage of data. Global big data market segmentation has beendoneon the basis of type of data, components, application, end-userand geography.The big data market is experiencing a massive growth owing to the remarkable increase in organizational data and spending on R&D.
Global organizational spending is estimated to reach over USD 500 billion by the end of 2024.

Global big data industry is largely dominated by North America, which is expected to grow at a CAGR of 15.6% during the forecast period.Rising manufacturing industries in Asia Pacific predicts APAC to be the fastest growing region for global hadoop market.

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Market Segmentation

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

Based on Type of Data

o Unstructured Data
o Structured Data

Based on Components

o Hardware
o Software
o Services

Based on Application

o Financial Analytics
o Risk Analytics
o Customer Analytics
o Operational Analytics

Based on End-User

o Banking & Finance
o Government
o Transportation & Logistics
o Aerospace and Defense
o IT & Telecommunication
o Healthcare
o Energy & Utilities
o Manufacturing
o Other Sectors (Education)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Big Data Market Outlook 2024” contains detailed overview of the global big data market. On the basis of our in-depth analysis, 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 Market 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 size along with 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.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research industry reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on advanced future technologies reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact more info:
Steve Blade
(Global Sales Head)
USA : +1-646-568-7747
Canada : +1-437-886-1181
UK : +44-203-318-6627
[email protected]
www.goldsteinresearch.com


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Tags big data market , big data market demand , big data market trends
Last Updated June 14, 2018