According to the latest report by IMARC Group titled, “Big Data Software Market​: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” Looking forward, the global big data software market grew a CAGR of 27% during the historical period of 2014-2019.

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Big data software collects, hosts and analyzes the high volume of data, both structured and unstructured, which is created by people, tools or machines. It assists organizations in acquiring insightful information, discovering unknown correlations, hidden patterns, market trends and consumer preferences from diverse sets of information.

Organizations around the world are currently experiencing problems in data retention, comprehending dark data and data integration for analytical purposes. This, in confluence with increasing data sets across industrial verticals and the complexity in handling them, represents one of the major factors driving the global big data software market. Apart from this, digitalization in emerging economies, along with the development in artificial intelligence/machine learning (AI/ML) as an innovative technology within data management and analytics software, is escalating the demand for big data software worldwide. Some of the other factors strengthening the market growth are increasing investments in robotic automation, rising e-commerce companies, and an upsurge of multimedia and social media.

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Breakup by Software Type:

Database
Data Analytics and Tools
Data Management
Data Applications
Core Technologies
Breakup by Deployment Type:

On-Premise
Cloud
Breakup by Industry:

Banking
Discrete Manufacturing
Professional Services
Process Manufacturing
Federal/Central Government
Others
Breakup by End-Use:

Large Enterprise
SMEs
Breakup by Region:

North America
United States
Canada
Europe
United Kingdom
Germany
Italy
Spain
France
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Vietnam
Others
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Others
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Others
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being AWS, Cloudera, Hortonworks, IBM, Informatica, Microsoft, Oracle, Palantir, SAP, SAS, and Splunk.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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