Big Data investments will account for over $65 Billion in 2018, further expected to grow at a CAGR of 14% over the next three years
NEW YORK - July 2, 2018 (Investorideas.com Newswire) Market Reports Center’s research has new report titled "The Big Data Market: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" presents an in-depth assessment of the Big Data ecosystem including key market drivers, challenges, investment potential, vertical market opportunities and use cases, future roadmap, value chain, case studies on Big Data analytics, vendor profiles, market share and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services from 2018 till 2030. The forecasts are segmented for 8 horizontal submarkets, 14 vertical markets, 6 regions and 35 countries.
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Originally used as a term to describe datasets whose size is beyond the ability of traditional databases, the scope of Big Data has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.
Amid the proliferation of real time data from sources such as mobile devices, web, social media, sensors, log files and transactional applications, Big Data has found a host of vertical market applications, ranging from fraud detection to scientific R&D.
Despite challenges relating to privacy concerns and organizational resistance, Big Data investments continue to gain momentum throughout the globe. Research estimates that Big Data investments will account for over $65 Billion in 2018 alone. These investments are further expected to grow at a CAGR of approximately 14% over the next three years.
The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.
- Big Data ecosystem
- Market drivers and barriers
- Enabling technologies, standardization and regulatory initiatives
- Big Data analytics and implementation models
- Key trends including AI (Artificial Intelligence), machine learning, edge analytics, cloud-based Big Data platforms, and the impact of the IoT (Internet of Things)
- Analysis of key applications and investment potential for 14 vertical markets
- Over 60 case studies on the use of Big Data and analytics
- Big Data vendor market share
- Future roadmap and value chain
- Profiles and strategies of over 270 leading and emerging Big Data ecosystem players
- Strategic recommendations for Big Data hardware, software and professional services vendors, and enterprises
- Market analysis and forecasts from 2018 till 2030
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The report has the following key findings:
- In 2018, Big Data vendors will pocket over $65 Billion from hardware, software and professional services revenues. These investments are further expected to grow at a CAGR of approximately 14% over the next three years, eventually accounting for more than $96 Billion by the end of 2021.
- With ongoing advances in AI (Artificial Intelligence) technologies, Big Data analytics initiatives are beginning to leverage sophisticated deep learning systems with an autonomous sense of judgment – to enable a range of applications from chatbots and virtual assistants to self-driving vehicles and precision medicine.
- In order to analyze data closer to where it is collected, Big Data and advanced analytics technologies are increasingly being integrated into edge environments, including network nodes, numerous industrial machines and IoT (Internet of Things) devices.
- The vendor arena is continuing to consolidate with several prominent M&A deals such as Oracle's recent acquisition of enterprise data science platform provider DataScience.com – in a bid to beef up its capabilities in machine learning and Big Data for predictive analytics, and Google's acquisition of Big Data application platform provider Cask Data.
For More information on segmentation, companies profiled, Submarkets and detail table of content visit @ https://marketreportscenter.com/reports/593092/the-big-data-market-2018-2030-opportunities-challenges-strategies-industry-verticals-forecasts
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