Big Data Technology and Services Market to Witness Robust Expansion Throughout the Forecast Period 2017 to 2026
August 7, 2019 by Steve Blade
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As per the new report compiled by Fact.MR, the global market for big data technology and services is likely to witness strong growth. The market is expected to increase to 22.6% CAGR between 2017 and 2026. The global big data technology and services market is estimated to reach US$ 183,971.9 million dollar by the end of 2026. One of the biggest trends in the big data technology and services market is the rise in market consolidation. Increasing number of computing vendors are acquiring companies to offer new big data technologies. Big data service providers are also focusing on increasing processing capabilities of big data solution. Following insights show how the global big data technology and services market will perform in the coming years.
Ongoing advancements in technology is contributing towards the redefine the strategies and progress in the fast-moving business environment. As the leading companies are focusing on converting significant challenges into opportunities, dealing with technological hurdles continues to remain a major roadblock. In order to maintain a progressive pattern, leading business organizations are incorporating cutting edge technologies such as robotic process automation, artificial intelligence, big data and cognitive computing. Leading organizations are accommodating the leading technological solutions in their integral data and analysis processes to solve complex business challenges and regain trust of their clients.
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Table of Content
1. Global Economic Outlook
2. Global Big Data Technology and Services Market - Executive Summary
3. Global Big Data Technology and Services Market Overview
4. Global Big Data Technology and Services Market Analysis and Forecast 2012-2026
To be Continue.......
Highlights on Global Big Data Technology and Services Market
BFSI Industry to Represent a Leading Segment
As the need for gathering and analyzing valuable business information and insights arises, demand for big data analytics software continues to remain high. On the basis of category type, the software segment is expected to represent the highest revenue growth, accounting for a value of over US$ 22,100 Mn by the end of 2026. In addition, the software category type segment is expected to register a significant CAGR throughout the forecast period.
Based on industry, the BFSI segment is expected to witness a significant revenue growth, recording a value of over US$ 1,400 Mn by the end of 2017. On the other hand, the retail & consumer goods industry segment is expected to register a healthy CAGR through 2026.
By application, the analytics and discovery segment is expected to generate significant revenues, accounting for a value of over US$ 12,100 Mn by the end of 2026. In contrary, the datacenter networking infrastructure application segment is expected to register a robust CAGR during the forecast period.
Leading market players operating in the global big data technology and services market include IBM, Oracle Corporation, Microsoft Corporation, HP, SAP SE, Amazon Web services, Dell Incorporation (EMC), Teradata, Cisco Corporation and SAS Institute.
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