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Monday, September 20, 2021

Global Big Data Market to be Driven by the Increasing Demand for Data-Driven Decision Making in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Big Data Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global big data market, assessing the market based on its segments like components, hardware, deployment mode, organisation size, application, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 208 billion (Big Data and Business Analytics Market)
• Forecast CAGR (2021-2026): 10%
• Forecast Market Size (2026): USD 450 billion

Multiple businesses are switching to managing big data and exploiting information into developing business strategies and is driving profits on a global scale. Allied with technological advancements such as easily accessible internet and various interconnected devices, the demand for big data services has increased massively through these past years. Introduction of cloud computing has eased the storage of data market in the forecast period.

Industry Definition and Major Segments

Big data refers to large, diverse sets of data that are growing at an exponential rate. The volume of data, the velocity or speed with which it is created and collected, and the variety or scope of the data points covered are all factors to consider. Big data is frequently derived from data mining and is available in a variety of formats. Big data has three Vs: volume, variety, and velocity.

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The market is divided on the basis of component into:

• Solution
• Services

By hardware, the market is segmented into:

• Storage
• Network Equipment
• Server
• Others

The market is bifurcated in terms of deployment mode into:

• On-Premises
• Cloud
• Hybrid

The market is divided on the basis of organization size into:

• Large Enterprises
• Small and Medium-Sized Enterprises

The market is segregated on the basis of application into:

• Customer Analytics
• Operational Analytics
• Fraud Detection
• Compliance
• Data Warehouse Optimisation
• Others

The market is segmented on the basis of end use into:

• Manufacturing
• Retail
• Media and Entertainment
• Healthcare
• IT and Telecommunication
• Government
• Gaming
• Energy and Power
• Engineering and Construction
• Others

The regional markets for the product include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

As volume of data generated through various devices is growing at an exponential rate, the requirement for extracting value out of this data is the need of the hour. Introduction of cloud computing has eased the storage of data, making it more cost effective, flexible, and secure. Rising usage and penetration of internet in the developing countries is driving the market for big data in these regions at a fast pace. The emergence and adoption of IoT is also pushing the market forward. Managing vast volumes of data and extracting value and business insights from the same is pushing business in unprecedented ways. The market for big data is expected to grow at a fast rate in emerging economies such as China in the forecast period.

Key Market Players

The major players in the market are IBM Corporation, Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, SAS Institute Inc., Amazon Web Services, and Accenture Plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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