Global Big Data Market to Exceed USD 118 Bn by 2022, Predicts Stratistics MRC in Its New Research Report Now Available at MarketPublishers.com08 Feb 2017 • by Natalie Aster
LONDON – In the year 2015, the world’s big data market hit the USD 23.5 billion mark. Through 2022, this market is anticipated to follow an upward trend and reach USD 118.5 billion, rising at a tremendous CAGR of 26%. This robust growth will likely be driven by a range of factors including an incredible hike in consumer data, increased business efficiencies and enhancing information security. Yet, there are some hinders to the further market growth like a lack of skilled professionals.
In terms of end uses, banking, finance, security and insurance (BFSI) and retail segments are likely to demonstrate healthy growth up to 2022.
In software, enhanced awareness amid customers is the major growth driving factor for the big data analytics segment. In hardware, the storage segment takes lead, but the highest growth rates in the years ahead are expected to be registered in the server segment.
Region-wise, North America is expected to possess the lion’s share of the global market for big data. Meanwhile, APAC is set to provide an array of opportunities for new and established players in the big data market.
A lot of companies are active in the global bid data market, including Accenture, Cisco, Dell, HP, Microsoft, SAS, Amazon Web, Teradata Corporation IBM, to name only a few.
Cutting-edge comprehensive research study prepared by Stratistics MRC, “Big Data - Global Market Outlook (2016-2022)”, offers a detailed analysis of the current and future possible scenario in the global market for big data. It includes an insightful review of the major regional and country-wide markets, identifies the top market players and casts light on their shares, provides strategic recommendations for new market entrants and offers access to important industry performance estimates and statistics. Furthermore, the market trends, dynamics, drivers, constraints, challenges, opportunities, and threats are highlighted in this report along with future forecasts through 2022.
Other research reports elaborated by Stratistics MRC are available at its page at MarketPublishers.com.