GLOBAL BIG DATA MARKET | INKWOOD RESEARCH

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GLOBAL BIG DATA MARKET
FORECAST 2019-2027
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• 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.

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• 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.

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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. .
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North America big data market is anticipated to
flourish over the forecast period of 2019-2027 by
showcasing a CAGR of 18.42.
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Europe Big Data Market market is expected to
progress with a CAGR of 18.20.
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Asia-Pacific big data market is likely to
progress at a 21.42 CAGR.
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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.
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