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.
According to Fact.MR, the global big data technology and services market is expected to represent a value of over US$ 183,900 Mn by the end of 2026.
Adoption to Remain High in Business Organizations
Business organizations are constantly looking for solutions for managing vast amount of data that increases the business value.
Incorporating of leading technological solutions such as big data technology and services enables the business organizations to identify vulnerable and sensitive data, which further helps in disclosing data patterns and correlations for better decision making process.
As advanced technological solutions allow events forecasting and real-time monitoring arises, leading business organizations are looking to capitalize on these opportunities to leverage a competitive advantage over the other market players.
As formulating effective strategies for business development has continued to remain a major challenge, leading organizations are incorporating advanced technological solutions to outline improved decision making process.
Supply Chain Management to Impact Global Market Growth
Unstructured data accumulation from abundant sources in the supply chain operations can obstruct the decision making process.
As managing data flooding from various channels continues to pose significant challenges, supply chain managers are focusing on opting for leading technological solutions that enable segregating the overflow of data in an organized format.
Incorporation of leading technological solutions further harness the potential of data analysis has led the supply chain managers to opt adopt big data solutions. Through implementation of the big data sources, the supply chain managers can optimize the cost and improve the efficiency and agility of the process.
As overflow of information can offer enhanced and effective decision making process and solutions, adoption of the big data technology and services continues to remain high in the global market.
However, implementation of big data technology leads to modifying the entire approach and analysis patters. Modification in the entire approach further leads to additional investments and expenses.
Moreover, various tools offered for management and analysis of data are unable to handle real-time analysis. These factors are expected to impact growth of the global big data technology and services market negatively during the forecast period.
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.
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Leading market players operating in the global big data technology and services market include
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- Amazon Web services
- Dell Incorporation (EMC)
- Cisco Corporation
- SAS Institute.
An Adaptive Approach to Modern-day Research Needs
Big Data Technology and Services Market
There has been an increase in the adoption of big data services as it provide assistance to an organization in making business decisions.
Various industries including healthcare, media and entertainment, manufacturing, retail and transportation are adopting big data services on a large scale.
With an increase in adoption of smart services big data analytics is expected to allow smart technological capabilities to be incorporated in enterprise solutions.
This report, compiled by Fact.MR, provides in-depth analysis of the global big data technology and services market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
The scope of the Fact.MR’s report is to analyze the global big data technology and services market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers.
Big data technology and services suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report.
Comprehensive analysis regarding the impact of technological advancements such as cloud computing, internet of things (IoT), big data and artificial intelligence is detailed in this report.
The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global big data technology and services market.
The report commences with introducing the current market scenario for big data technology and services.
The executive summary section of the report offers insights to users regarding the future scope of the global big data technology and services market.
Brief information on the crucial aspects, statistics and facts on the global big data technology and services keyword market is highlighted in this section.
The next section offers an overview of the global big data technology and services market. This section includes definition of the product – big data technology and services, along with insights on dynamics contributing towards growth of the market.
The overview also throws light on year-on-year growth and market value defining the future progress and decline of the global big data technology and services.
Statistics on the year-on-year growth provides readers with a broader view on expected progress patterns reshaping growth over the forecast period.
In the succeeding section, the report offers insights on major trends, retrains and drivers from demand, supply and macro-economic perspectives. The report also focuses on impact analysis of key drivers and restraints that offers better decision-making insights to clients.
The report further provides the readers with information on the leading technology and advancements traced in the global big data technology and services market. Up-to-date information and latest advancements regarding growth opportunities can benefit the leading manufacturers of big data technology and services.
With continuous evolution and advancements in technology, tracking the latest trends and developments is fundamental for big data technology and services manufacturers to formulate key business strategies.
Detailed insights regarding the supply chain, list of distributors, raw material sourcing, cost structure, and pricing analysis are provided in this section.
Considering the broad scope of the global big data technology and services market, the report compiled by Fact.MR provides key insights and segment-wise analysis and forecast.
The global big data technology and services market has been divided on the basis of category, industry, application, and region. The given segment-wise analysis, also provides in-depth country-wise forecast considering all the key parameters of the market.
In the last section, the report provides information regarding the competitive landscape, along with a dashboard view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global big data technology and services market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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