Global Big Data market is expected to grow at a CAGR of 36.67%
representing in huge opportunities in this sector, finds a new research report
launched by NOVONOUS. This growth is driven by
increasing penetration of big data in various sectors, increase in analytics
services and availability of affordable big data solution and services to end
users.
Organizations worldwide
are turning their attention to Big Data as a useful means to derive insights
from the huge amount of data generated from various sources. Technologies such
as NoSQL databases and MapReduce/Hadoop frameworks are at the core of the
solutions heralding a paradigm shift.
This research found that
high investment costs, lack of awareness and novelty have been the main threats
for new entrants in the Big Data space. There are a few major players who
control the entire value chain. However, many smaller players have mushroomed
who provide consulting in the Analytics space. This research also found that
most organizations misunderstand Big Data and it is important to educate the
end users through face to face interactions.
To know more about this newly launched market research
report visit Global Big Data Market 2015 - 2020
The main growth driver
for the Big Data industry is the sheer volume of data that is being generated
across various industries due to changing business environment.
The growth inhibitors
for the Big Data industry have been the slowdown in the global economy, a
decrease in investment in Research & Development, lack of quality
resourcing and unemployment.
Big
Data Services segment which includes Big Data consulting, Big Data Analytics
etc currently controls the largest market share in Global Big Data market. As
per NOVONOUS estimates, Global Big Data
Services market is expected to grow at a CAGR of 25.65% till 2020.
Big
Data Software segment controls the second largest market share in Global Big
Data market. As per NOVONOUS estimates, Global
Big Data Software market is expected to grow at a CAGR of 38% till 2020 and
maintain its market share position even in 2020.
Big
Data Storage segment controls the third largest market share in Global Big Data
market. As per NOVONOUS estimates, Global
Big Data Storage market is expected to grow at a CAGR of 55.50% till 2020
and become the leader in terms of it’s market share position in 2020.
In
terms of industry verticals, Big Data in Financial industry which currently
controls the largest market share in terms of revenue in Global Big Data
market. As per NOVONOUS estimates, Global
Big Data in Financial Industry market is expected to grow at a CAGR of 35% till
2020. It is also estimated that the amount of
investment done by the financial industry in big data will be about 0.02% of
their total revenue by 2020.
Big
Data in Manufacturing industry which currently controls the second largest
market share in terms of revenue in Global Big Data market. As per NOVONOUS
estimates, Global Big Data in
Manufacturing Industry market is expected to grow at a CAGR of 15% till 2020.
It is also estimated that the amount of investment done
by the manufacturing industry in big data will be about 0.04% of their total
revenue by 2020.
Big
Data in Telecom Industry controls the third largest market share in terms of
revenue in Global Big Data market. As per NOVONOUS estimates, Global Big Data in Telecom Industry market
is expected to grow at a CAGR of 65% till 2020 and become the leader in
terms of it’s market share position in 2020. It is also estimated that the amount of
investment done by the telecom industry in big data
will be about 2.41% of their total revenue by 2020.
In
terms of geographies, North America Big Data Market controls the largest market
share in terms of revenue in Global Big Data market. As per NOVONOUS estimates,
North America Big Data market is
expected to grow at a CAGR of 35.80% till 2020 and maintain it’s market
leader position even in 2020.
Europe
Big Data Market controls the second largest market share in terms of revenue in
Global Big Data market. As per NOVONOUS estimates, Europe Big Data market is expected to grow at a CAGR of 36.50% till
2020 and maintain it’s market position even in 2020.
Asia
Pacific Big Data Market controls the third largest market share in terms of
revenue in Global Big Data market. As per NOVONOUS estimates, Asia Pacific Big Data market is expected to
register second largest growth rate of 43% till 2020 and maintain it’s
market position even in 2020.
As
per NOVONOUS estimates, Middle East
& Africa Big Data market which currently has the smallest market share in
terms of revenue in Global Big Data market is expected to register fastest growth
rate of 45.30% till 2020 and improved it’s market position in 2020.
Spanning
over 175 pages and 106 exhibits, “Global Big Data Market 2015-2020” report
presents an in-depth assessment of the Global Big Data market from 2015 till
2020.
The report has detailed company
profiles including their position in big data market value chain, financial
performance analysis, product and service wise business strategy, SWOT analysis
and key customer details for 12 key players in Global market namely TEG
Analytics, Heckyl Technologies, KloudData Inc., Gramener, Germin8, VIS Networks
Pvt. Ltd., Abzooba, Fintellix, Latentview, Indix, Analytic-Edge and Tookitaki.
Scope
of Global Big Data Market 2015 – 2020 report:
- This report provides detailed information about Global Big Data market including future forecasts.
- This report identifies the industry wise need for focusing on Big Data market.
- This report provides detailed information on growth forecasts for overall Global Big Data market up to 2020.
- This report provides detailed information on segment wise (servers, storage, networking, software and services) growth forecasts for Global Big Data market up to 2020.
- This report provides detailed information on industry wise (manufacturing, oil & gas, retail, financial, healthcare, education and government & defense) growth forecasts for Global Big Data market up to 2020.
- This report provides detailed information on geography wise (asia pacific, europe, middle east & africa, north america and south america) growth forecasts for Global Big Data market up to 2020.
- The report identifies the growth drivers and inhibitors for Global Big Data market.
- This study also identifies various parts of Big Data value chain.
- This report has detailed profiles 12 key players in Global Big Data market covering their business strategy, financial performance, future forecasts and SWOT analysis.
- This report covers the competitive landscape in Global Big Data market.
- This report has industry wise (manufacturing, oil & gas, retail, financial, healthcare, education and government & defense) case studies for Big Data.
- This report provides Porter's Five Forces analysis for Global Big Data market.
- This report provides industry wise (manufacturing, oil & gas, retail, financial, healthcare, education and government & defense) SWOT (strengths, weakness, opportunities and threats) analysis for Global Big Data market.
- This report also provides strategic recommendations for end users, Big Data service providers and investors.
For more information and purchase
this report please visit:
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research reports by NOVONOUS visit:
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