Big Data Market Is Expected To Witness A Significant Growth Due To Increasing Popularity Of Social Media Producing Enormous Amount Of Data Till 2025: Grand View Research, Inc.

Big Data Market Is Expected To Witness A Significant Growth Due To Increasing Popularity Of Social Media Producing Enormous Amount Of Data Till 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Global Big Data Market size was valued at USD 25.67 billion in 2015 and is expected to witness a significant growth over the forecast period.

The Global Big Data Market is expected to reach USD 123.2 billion by 2025, according to a new report by Grand View Research, Inc. The amount of data flowing across organizations has witnessed enormous growth over the last few years and the trend continues. Evolving consumer demands coupled with contracting budgets are impacted by the proliferating data, which puts considerable pressure on organizations to make the right decision in order to seize a competitive advantage.

Big data solutions enable organizations to effectively manage large data volumes thereby reducing cost. Additionally, these solutions also facilitate companies to overcome frauds, streamline critical business processes, and reduce errors. Further, the growing need to manage and monitor the heterogeneous nature of the data generated from web clicks to satellite data is also anticipated to significantly propel the industry growth over the next few years.

Increased adoption of cloud computing has generated a large amount of data on account of rapid technological advancements and increased connectivity, owing to smartphone proliferation. Thus, the big data industry is estimated to witness a high demand in order to keep pace with this data explosion. However, lack of skilled manpower including data analysts and data scientists that are required to leverage big data capabilities is expected to hamper the demand. There exists a huge requirement for professionals who are capable of exploiting big data analytics in order to make valuable decisions.

Full Research Report on Global Big Data Market Analysis:
http://www.grandviewresearch.com/industry-analysis/big-data-industry

U.S. big data market by service, 2014 – 2025 (USD Million)

 

U.S. big data market by service, 2014 - 2025 (USD Million)

Further key findings from the report suggest:

  • The network equipment segment is expected to witness a healthy growth at a CAGR exceeding 20% over the forecast period, owing to the reinforcement of new network infrastructures in order to offer enhanced security.
  • The visualization segment emerged as the fastest growing software segment over the forecast period, which is ascribed to the elevating demand for visuals to represent the analyzed data and convey exact interpretation to consumers.
  • Media & entertainment and gaming captured a sizeable share exceeding 5% of the overall revenue, which is attributed to the growing number of companies seeking to escalate the value of their assets by integrating creativity with technological breakthroughs.
  • North America accounted for a sizeable revenue share exceeding 30% in 2015, which is attributed to the high penetration, primarily, across the IT & telecommunication, BFSI, and retail sectors.
  • Notable industry players, such as IBM, HP, Cloudera, and Oracle, are gradually investing in R&D, for developing unified big data solutions that offer increased capabilities. These players rely on developing innovation-led solutions to increase productivity and reduce cost in an attempt to attract new customers.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/digital-media

China big data market share by software, 2015 (USD Million)

 

China big data market share by software, 2015 (USD Million)

Grand View Research has segmented the Global Big Data Market based on hardware, software, service, end-use, and region:

Big Data Hardware Outlook (Revenue, USD Million; 2014 – 2025)

  • Storage
  • Server
  • Network Equipment

Big Data Software Outlook (Revenue, USD Million; 2014 – 2025)

  • Analytics
  • Database
  • Visualization
  • Distribution Tools
  • Others

Big Data Service Outlook (Revenue, USD Million; 2014 – 2025)

  • Consulting
  • Deployment & Maintenance
  • Training & Development

Big Data End-Use Outlook (Revenue, USD Million; 2014 – 2025)

  • BFSI
  • Manufacturing
  • Retail
  • Media & Entertainment
  • Gaming
  • Healthcare
  • Telecommunication
  • Government
  • Others

Big Data Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany

Asia Pacific

  • China
  • India
  • Japan

Latin America

  • Brazil
  • Mexico

The Middle East & Africa

View Blog On This Report by Grand View Research:
http://www.grandviewresearch.com/blog/big-data-market-size-share-trends-forecast                      

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/big-data-industry

Calendar

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031