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Feb. 7, 2020, 7:16 a.m. EST

Big Data Analytics Market Analysis (Report 2019-2027): Growing CAGR 12.3%

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Feb 07, 2020 (WiredRelease via COMTEX) -- Big Data Analytics market was valued at US$ 37.34 Bn in 2018 and expected to reach US$ 105.08 Bn by 2027 at a CAGR of 12.3% throughout the forecast period from 2019 to 2027.

Market Insights:

“Increasing volume of data and adoption of big data tools to spur revenue growth during the forecast period”

Data’s rapidly increasing volume and complexity is due to growing mobile data traffic, cloud-computing traffic, and burgeoning development and adoption of technologies including IoT and AI, which drives Big Data Analytics Market growth. It generates more than 2.5 quintillion bytes of data every day. Data is created through every click, swipe, share, search and stream, proliferating the global demand for Big Data Analytics Market@. According to a survey, the number of companies investing more than US$ 50 million in big data and AI rose from 27% in 2018 to 33.9% in 2019. Globally, the global spending on big data analytics amounts to more than US$ 180 billion in 2019. Therefore bolstering the growth of Big Data Analytics Market.

Access the sample copy of this research report: https://www.credenceresearch.com/sample-request/60166

By 2020, 90 per cent of business professionals and business analytics say data and analytics are key to digital transformation initiatives in their organizations. Approximately 58 per cent of organizations around the world plan to adopt big data technology in 2018, according to a recent research study. The organizations will adopt capabilities for managing the hybrid IT infrastructure. The growing adoption of Big Data and AI among others in industries including IT & Telecom, BFSI, and Healthcare is further fueling the Big Data Analytics Market demand.

Key Market Movements:

Globally, the big data analytics market is growing at a CAGR of 12.3% for the period from 2019 to 2027.
Large enterprises segment dominates the big data analytics market with a share of more than 60%. Owing to the increasing adoption and inclination to invest in big data technology among others.
In addition, SME segment expected to grow at a remarkable pace during the forecast period. This can be associated with the increasing trend of digitalization and adoption of big data technology among others.

Access the sample copy of this research report: https://www.credenceresearch.com/sample-request/60166

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

North America region leads the big data analytics market and accounts for a share of more than 35% of the total revenue. The region will sustain its lead during the forecast years. This is due to the region being the one of the early adopter of technological advancements. Asia Pacific region anticipated to register highest growth. Asia Pacific region expected to grow at a CAGR of more than 15% throughout the forecast period. Owing to the increasing adoption of advanced technology in the countries such as China, Japan and India among others.

Geographic Coverage:

– North America Big Data Analytics Market Revenue and Forecast

– Europe Big Data Analytics Market Revenue and Forecast

– Asia Pacific Big Data Analytics Market Revenue and Forecast

– Latin America Big Data Analytics Market Revenue and Forecast

– Middle East and Africa Big Data Analytics Market Revenue and Forecast

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/big-data-analytics-market

List of Companies Covered:

– IBM Corporation

– Splunk Inc.

– Dell Inc.

– Oracle Corporation

– AWS

– Accenture Plc.

– Palantir Technologies

– HPE Company

– SAP SE

– Microsoft Corporation

– Cisco Systems Inc.

Key questions answered in this report :

– What are the current market trends and dynamics in the big data analytics market and valuable opportunities for emerging players?

– Estimated forecast and market projections up to 2027

– Which segment accounts for the fastest CAGR during the forecast period?

– Which product type segment holds a larger market share and why?

– Are low and middle-income economies investing in the big data analytics market?

– Which is largest regional market for big data analytics?

– What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.credenceresearch.com/sample-request/60166

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