Big Data Market Projections say Software Revenue to Exceed Hardware Investments by Nearly $8 Billion by 2020
PUNE, India, June 8, 2016 /PRNewswire/ --
Global Big Data market investments are expected to grow at a CAGR of 14% over the next 5 years, eventually accounting for nearly $80 Billion by the end of 2020. The market is ripe for acquisitions of pure-play Big Data start-ups, as competition heats up between IT incumbents. Big data is altering the way people within organizations work together. Comprehensions from big data can allow all employees to make better decisions-developing customer engagement, augmenting operations, averting threats and fraud, and capitalizing on new sources of revenue. But ever-increasing demand for insights needs an essentially new approach to architecture, tools and practices.
Complete report The Big Data Market: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts spread across 351 pages, analysing 140 companies and provides 87 data figures is now available at http://www.rnrmarketresearch.com/the-big-data-market-2015-2030-opportunities-challenges-strategies-industry-verticals-and-forecasts-market-report.html.
Despite challenges relating to privacy concerns and organizational resistance, Big Data market investments continue to gain momentum throughout the globe. It is estimated that Big Data market investments accounted for nearly $40 Billion in 2015 alone. These investments are further expected to grow at a CAGR of 14% over the next 5 years.
This big data market research to 2030 presents a detailed assessment of the Big Data ecosystem including key market drivers and the challenges that the industry faces. The report brings forward an elaborate analysis of the Big Data technology, standardization and regulatory initiatives along with the Big Data industry roadmap and value chain. Not only this, the report gives a breakdown and use cases for 15 vertical markets, Big Data analytics technology, and case studies. The report also presents forecasts for Big Data market size by hardware, software and professional services from 2015 through to 2030. Historical figures are also presented for 2010, 2011, 2012, 2013 and 2014. The forecasts are further segmented for eight horizontal submarkets like Storage & Compute Infrastructure, Hadoop & Infrastructure Software, SQL, NoSQL, and others; 15 vertical markets like Automotive, Aerospace & Transportation, Banking & Securities, Defense & Intelligence, Education and so on; 6 regions and 35 countries.
Questions are vital to any industry - for both new and existing players. The Big Data Market: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report provides answers to the following key questions like the magnitude of the Big Data ecosystem and the market size growth by 2020 with the rate of the growth. The report also has answers to questions about the key Big Data software, hardware and services vendors and their strategies along with the opportunities existing for Big Data analytics.
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The Big Data Market: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents key findings that are vital to the industry players. Nearly every large scale IT vendor maintains a Big Data portfolio and at present, the market is largely dominated by hardware sales and professional services in terms of revenue. Going forward, software vendors, particularly those in the Big Data analytics segment, are expected to significantly increase their stake in the Big Data market. By the end of 2020, Big Data software revenue is expected to exceed hardware investments by nearly $8 Billion.
Companies Mentioned include 1010data, Accel Partners, Accenture, Actian Corporation, Actuate Corporation, Adaptive Insights, adMarketplace, Adobe, ADP, Advizor Solutions, AeroSpike, AFS Technologies, AlchemyDB, Aldeasa, Alpine Data Labs, Alteryx, Altiscale, Altosoft, Antivia, AOL, Apple, AppNexus, Arcplan, Ascendas, AT&T, Attivio, Automated Insights, AutoZone, Avvasi, AWS (Amazon Web Services), Axiata Group, Ayasdi, Bank of America, Basho, Beeline Kazakhstan, Betfair, BeyondCore, Birst, Bitam, BlueKai, Bluelock, BMC Software, Buffalo Studios, BurstaBit, CaixaTarragona, Capgemini, Cellwize, Centrifuge Systems, CenturyLink, Chang, Chartio, China Telecom, CIA (Central Intelligence Agency), Cisco Systems, Citywire, Contexti, Coriant, Couchbase, CSA (Cloud Security Alliance), CSC (Computer Science Corporation), CSCC (Cloud Standards Customer Council), DataHero, Datameer, DataRPM, DataStax, Datawatch Corporation, Department of Commerce, Deutsche Bank, Deutsche Telekom, Digital Reasoning, Dimensional Insight, Dollar General, Domo, Dotomi, Dundas Data Visualization, eBay, El Corte Inglés, Electronic Arts, Eligotech, EMC Corporation, Engineering Group (Engineering Ingegneria Informatica), eQ Technologic and more.
Explore other new reports on Information Technology & Telecommunication.
Another research titled Worldwide Mobile Big Data Market 2016-2020 helps answer questions like why big data management and utilisation is quickly turning to be a prerequisite for operators? What are the various big data use cases for operators? How is big data currently being used by telco operators? How is big data helping operators to improve operational efficiency and generate new revenue streams? Which operators have exhaustively planned/ executed big data strategies? How big data can be explored to create multiple fresh and innovative revenue streams? Which operators are the pioneers/ leading in big data monetisation? Read more at http://www.rnrmarketresearch.com/worldwide-mobile-big-data-market-2016-2020-market-report.html .
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