The Big data can be defined as the capture, curation, storage, search and analysis of large and complex data sets which are otherwise difficult to be process or handle by traditional data processing systems. These systems are currently being implemented on a limited scale in many supply chain companies for varied purposes. There is huge scope and demand for the Big Data Market due to increasing involvement of technology during 2015-2020.
Scope and regional forecast of the Big Data Market:
In Big Data Market, nearly every large scale IT vendor maintains a Big Data portfolio. At present, the market is largely dominated by hardware sales and professional services in terms of revenue. Going forward, software vendors, particularly those in the Big Data analytics segment, are expected to significantly increase their stake in this market.
In Big Data Market, Amidst the proliferation of real time data from sources such as mobile devices, web, social media, sensors, log files and transactional applications; Big Data has found a host of vertical market applications ranging from fraud detection to scientific R&D. Data mining is done on these massive datasets.
According to IndustryARC market research report, Big Data Market is led by US in North America, followed by Europe and APAC regions. The US has the major shares of this technology through 2020. North America has many big data companies that provide big data solutions and big data analytics tools to other companies as a service.
Asia Pacific is a potential region with high scope for this market for huge implementation and big data analytics through 2020. India and China are potential countries for implementing big data solutions.
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Segmentation and key players in the Big Data Market:
The Big Data Market is segmented into various categories in the IndustryARC market analysis studies by providers.
By providers: IBM, HP, Teradata, Oracle, SAP, EMC, Amazon, Microsoft, Google, VMware, Cloudera, Splunk, Hortonworks, MongoDB and MapR
The key players in the Big Data Market as mentioned in the IndustryARC market research analysis report are as follows:
• Amazon
• IBM
• Data Direct Networks
• Cloudera
• Pentaho Corporation
The Big Data Market is an emerging innovative market that has great scope in upcoming term in technology, business and research sectors. It can be used in research purposes to find trends and patterns in business and evaluation of human behavior. This market is expected to have high growth due to huge investments made in this technology and utilization of this big data technology during 2015-2020.
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