The rapid adoption of digitalization is likely to propel growth in the global Big Data Technology Market. According to a study by Fortune Business Insights, titled “Big Data Technology Market Size, Share and Global Trend by Component (Hardware, Storage, Software and Services), Product (DBMS, Hadoop, SQL), Industry Vertical and Geography Forecast till 2025” North America offers lucrative growth opportunities. North America held a significant share in the global market in 2017. The growth witnessed is attributable to the high adoption of digitalization in nations such as Canada and the U.S. is witnessing the implementation of big data technology across its major industries. This is expected to enable growth in the global Big Data Technology Market. The International Data Corporation has reported that the U.S. is making huge investments in big data technology. This will help the North American market to gain a higher share in the global Big Data Technology Market.
Browse Complete Report Details – https://www.fortunebusinessinsights.com/industry-reports/big-data-market-100144
Analysis by Top Key Players:
- Red Hat
- Dell Technologies
The Big Data Technology Market in Asia Pacific is anticipated to grow at a relatively higher CAGR. China and Japan are currently witnessing rising investments in big data technology from governments and key market players. This has enabled China and Japan to hold a strong position in the Asia Pacific Big Data Technology Market. For instance, In China, the Chinese government implemented big data technology across the nation in 2017. This is expected to propel growth in the global Big Data Technology Market.
“Key market players expected to emphasize the integration of the internet of things and Artificial Intelligence in big data. This is anticipated to fuel the demand in the global Big Data Technology Market,” said a lead analyst at Fortune Business Insights.
“Rapid Adoption of Smart Phones to Fuel Demand”
Some of the factors expected to drive the global Big Data Technology Market during the forecast period 2018-2025 are an increasing number of e-commerce companies and rapid adoption of smart devices such as phones, TV, and others. Additionally, increasing investments in robotic automation are anticipated to increase the growth rate in the global Big Data Technology Market.
Lower data storage costs and expansion of Blockchain technology are a few factors anticipated to fuel the demand for bid data services and solutions.
Besides this, as per the Technology.org, the global infrastructure-as-a-service market is anticipated to expand at a CAGR of 29% and reach US$ 56.5 Bn by the end of 2020. The global infrastructure-as-a-service market is playing a significant role in the growth of the global Big Data Technology Market. The global infrastructure-as-a-service market is generating high demand for big data technology and is further expected to enable growth in the global Big Data Technology Market.
On the flip side, high costs associated with big data technology and lack of skilled professionals are a few factors that may restrain the global Big Data Technology Market during the forecast period 2018-2025.
“IBM Acquired Red Hat to Strengthen its Market Position”
The competition among the global Big Data Technology Market players is very high. Key players are focusing on partnering and acquiring other companies to gain a higher share in the global Big Data Technology Market. For instance, in 2018 IBM Corp. acquired Red Hat Inc. to strengthen IBM’s market position and leverage social media data for analysis. Some of the companies operating in the global Big Data Technology Market are Google LLC, Microsoft Corporation, Cisco Systems Inc., Apple Inc., Red Hat Inc., SAS Institute, Oracle Corporation, Amazon Inc., Facebook Inc., Dell Technologies, Siemens solution, Hortonworks Inc., and Cloudera Inc.
Major Table of Contents:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- North America Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- Europe Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- Latin America Big Data Technology Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
Data Integration and Integrity Software Market World-Wide Industry Trends, Entry Strategies, Regulatory Frameworks and Technologies till 2026
Big Data Technology Market Key Drivers, Restraints, Industry Size & Share, Opportunities, Trends, and Forecasts up to 2026
Virtual Reality in Aerospace and Defense Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245