Vision
Value
Visibility Report Code :AFT 1235
2016-2024
Global Big Data Market Outlook 2024: Global Opportunity & Growth Analysis, 20162024
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Executive Summary
Sample Request Global Big Data Market Share (%), By Region-2016-2024
Global Big Data Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
2016
2017
2018
2019
2020
2021
2022
2023
2024
North America
Source: Goldstein Research
In 2016,
8.00% 7.00% 30.00 % 2024 27.00 % 28.00 %
8.00 7.00 33.0 % % 0% 25.0 2016 0% 27.0 0% Asia-Pacific
Europe
Middle East & Africa
Source: Goldstein Research
Softwares accounted for the highest market share XX%
With
in Global Big Data Market
Global Big Data Market Share (%), By Type Of Data-2016
XX%
Unstructured Data XX%
XX% share in 2016, North America region dominated the Global Big Data Market
Global Big Data Market Share (%), By Components-2016
Global Big Data Market Share (%), By Application-2016
Financial Analytics
XX%
Hardware
XX%
XX%
Software
XX%
Risk Analytics
Semi Structured
Customer Analytics
Services
Structured Data
XX%
XX%
Source: Goldstein Research
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Latin America
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XX%
XX%
Source: Goldstein Research
Source: Goldstein Research
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Operational Analytics
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Key Findings
The global big data market is expected to reach USD XX billion by 2024, from an estimated USD XX billion in 2016, growing at a CAGR of XX% during 2016-2024. The demands of analyzing big data are growing with the increase in the number of mobile apps and devices paving way for the acceptance of big data services and solutions across many organizations. The ecosystem of big data comprises of big data solution, and demand side and service providers. The major vendors are Microsoft Corporation, International Business Machines (IBM), Hewlett-Packard Enterprises, Oracle, SAS Institute, SAP SE, Dell Incorporation, Amazon Web Services, Splunk, and Teradata, etc. Other major innovators like Hitachi, Gooddata, Palantir, Mongo DB and Cloudera offer relatively narrower but locally effective distribution networks and solutions in the big data market ecosystem.
Huge Penetration in Banking & Finance Industry
On the demand side, we have the end users of big data services and solutions for government and defense, BSFI, manufacturing, healthcare and life sciences, transportation, retail and consumer goods, academia and research, energy and utility, media and entertainment, IT and telecommunication, etc. The big data market includes services and software, which eventually were segmented into big data analytics, visualization, data discovery and big data management software; as well as training and support, consulting and system integration, and managed services. Not too long ago, big data market showed excellent growth in its rate of adoption and is widely segmented by big data type, component (services and software), vertical, deployment model and region.
Increase of Processing Power
While many organizations have achieved proficiency in exploiting their data through data analysis, they are still at the early stages of creating an analytic model that can deliver real business value from big data. The main obstacles are these slow and arcane processes for enabling direct and timely access to corporate data. However, new technologies are collapsing the old walls between IT and data analysts by enabling advanced analytics within the database itself, alleviating the need to move large volumes of data around
Rising Storage Capacities
Global Big Data Market, By Region, Adoption Rate (%) 2016-2024
Copyright
Asia-Pacific
North America
Europe
2016
XX %
XX %
XX %
XX %
Middle East & Africa XX %
2024
XX %
XX %
XX %
XX %
XX %
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Latin America
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Global Big Data Market Overview, By Region and Market Players-2016 Global Big Data Market Share (%), On The Basis Of Internet Users, 2016 XX%
China
XX% XX%
XX%
India
XX%
United States Brazil
XX%
m a S Indonesia
XX%
Japan
Russia
XX%
Mexico
XX%
XX%
Germany
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Global Big Data Market Share (%) , By Companies, 2016
e l p XX%
XX%
XX% XX% XX%
XX%
XX%
XX%
Tableau
New Relic
Alation
Teradata
VMware
Splunk
IBM
Striim
SAP
Alpine Data Labs
Oracle
Alteryx
XX%
XX%
XX%
XX%
United Kingdom
Source: Goldstein Research
Source: Goldstein Research
North America and Asia-Pacific are anticipated to hold major revenue share of big data market over the forecast period. North America held XX% share of global big data industry in 2016 and is projected to hold XX% by 2024. Amazon Web Services makes it to the list because of their Kinesis range of tools and other tool sets that can help collect and analyze large datasets efficiently while Alpine Data Labs is one of the best in big data analytics because of their easy-to-use yet advanced interface. Country size is also a factor. Smaller countries with strong institutions can create high value as early adopters and create a demonstration effect for the world by assembling the right ecosystem. Traditional trading hubs (such as Hong Kong, Singapore, and the UK) and emerging digital hubs (such as New Zealand and Estonia) can take the lead in creating such “smart” digitally enabled ecosystems. Copyright
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Market Dynamics
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Growth Drivers
Growth Barriers
Digitally Mature Big Data Adopters
Lack of Awareness About AIpowered applications
Led By Tech Giants
Slow Pace Of Digital And Analytics Transformation Of The Economy
General Trend
Highly Complex
Moderately Complex Big Data
Waived
Growth Drivers
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Firms And Industries Already On The Digital Frontier Are Adopting Big Data
Penetration Rate (%) of Big Data in Various Verticals, 2016
Investors are pouring billions of dollars into Big Data companies based on the hope that a market of big data adopters will develop fairly quickly and will be willing to pay for big data infrastructure, platforms, and services Clearly, Amazon, Google, and other digital natives are investing for their own applications, such as optimizing searches and personalizing marketing
Employment & Workplace Public Safety & Security
m a S Future Drivers of Big Data
Large-scale machine learning
e l p
Computer vision
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Deep learning
Reinforcement learning
Robotics
Natural Language Processing
Collaborative systems
Crowdsourcing and human computation
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XX%
Low Resource Communities
Independently of sectors, large companies tend to invest in big data faster at scale. This again is typical of digital adoption, in which, for instance, small and midsized businesses have typically lagged behind in their decision to invest in new technologies
The most valuable non-American company, 7th overall in July 2017, was China’s e-commerce giant, Alibaba Group. With products that rely on network effects, these players enjoy economies of scale and dominant market share. They have deep resources for innovation with the ability to accelerate the penetration and adoption of digital products.
XX%
XX%
Education
XX%
Healthcare
XX%
Home/Service Robots
XX%
Transportation
Source: Goldstein Research
XX% 0%
10%
20%
30%
40%
50%
Impact Analysis: The generation of large volumes of data due to the adoption of IoT has increased the need for necessary tools to process large data volumes and generate actionable insights. Big data analytics improves the analyzing abilities of sensor data and data collection of industrial equipment such as turbines and oil refineries. To manage their big data projects better, organizations are also outsourcing their projects. These services assist organizations in their business aims and technical requirements with optimal architectures, improvement necessities, and technology options for big data implementations.
High
Medium
Impact on Big Data Market www.goldsteinresearch.com
Low
Global Big Data Market Opportunity, 2016-2024 The The Biggest Biggest Opportunities Opportunities Are Are In In The The Continued Continued Evolution Evolution Of Of Big Big Data Data Make it easy for people to use our infrastructure and focus on data mining
React in real time based on where the users are located
to get useful information from data via the cloud and solutions as a service
Offload your IT architecture to AWS and focus on your business
Analysis of data by computers by enriching the data by enabling lookups.
handling of larger datasets, containers, and micro services
Source: Goldstein Research Big Big Data Data Revenue Revenue Generated Generated in in Banking Banking Sector Sector (USD (USD Billion), Billion), 2016-2024 2016-2024
XX Billion 2016
XX Billion 2024
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Tie in real-time operations to telecom providers in Japan automatically directing antennae for cell phones based on need. React in real time based on where the users are located. Managing things centrally makes sense. All companies are scrambling to become part of Amazon. We want to make our product available on AWS. Redundant, virtualized systems in the public cloud. This is a Capex versus Op Ex versus core competency decision. Offload your IT architecture to AWS and focus on your business. Trust someone else to maintain the environment and use as a service. Moore’s law in computing power continues to enable the handling of larger datasets, containers, and microservices. Integration challenges are being solved. IT needs to focus on the right problem, set-up, configure, maintain, and manage disparate data sources to innovate like Tesla and Uber. Insights everywhere for everyone – not just the elite. Take big data, business intelligence, and analytics to 100% of the population. Everyone can use analytics just like everyone can read and write. Convergence of software, data, and machine learning. AR/VR via mobile. Blockchain is getting less buzz but being able to share data to get an outside perspective without moving the data is a tremendous opportunity. Attributes and scores are based on data that’s secure and encrypted.
Source: Goldstein Research
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Global Big Data Market Size (USD Billion) By End User Industry, 2016-2024
End User/Year
2016
2017
2018
2019
2020
2021
2022
2023
2024
CAGR(%)
Banking & Finance
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Healthcare
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Manufacturing
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Logistics & Transportation
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Energy & Utilities
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
IT & Telecommunic ation
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Other (Education, etc)
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX%
Source: Goldstein Research Copyright
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About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
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