GLOBAL BIG DATA MARKET FORECAST 2019-2027 | INKWOOD RESEARCH

GLOBAL BIG DATA MARKET FORECAST 2019-2027

• Big data makes use of parallel computing tools for handling data. • Over the forecast years of 2019-2027, the global big data market is likely to prosper with a CAGR of 18.68%. • The global big data market is primarily driven by the increased number of mobile devices and apps, switch from analog to digital technologies and massive growth of data with increasing penetration of the Internet.

• The global big data market is segmented on the basis of deployment mode, component, types and verticals. Deployment mode includes on-demand and on-premise deployment mode. • The global big data market caters to verticals such as banking, financial services & insurance (BFSI), government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation, IT & telecommunication, academic & research institutions and other verticals. • The on-demand deployment also offers the flexibility of using resources, reduced cost, better performance, scaling and others which is helping to be the most preferred form of deployment mode.

“The market for big data will grow with an anticipated CAGR of 18.68% during the forecast period & will reach revenue of $183.62 billion by 2027. .�

North America big data market is anticipated to flourish over the forecast period of 20192027 by showcasing a CAGR of 18.42%.

Europe Big Data Market market is expected to progress with a CAGR of 18.20%.

Asia-Pacific big data market is likely to progress at a 21.42% CAGR.

Companies like Palantir Technologies, Inc., Hewlett Packard Enterprise, Splunk Inc., Data USA, Teradata Corporation, Guavus, Inc., Cloudera, Inc., International Business Machines Corporation (IBM), SAP SE, SAS Institute, Dell, Inc., Amazon Web Services, Inc., Oracle Corporation, Hitachi, Ltd. and Microsoft Corporation are engaged in the big data market.