DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/cgcx88/japan_big_data) has announced the addition of the "Japan Big Data Market by Type (Server, Network, Storage, Analytics, Discovery & Visualization Tools, Databases, Software, Hadoop Tools Consulting, Integration, Outsourcing), by Vertical (BFSI, Telecom, Retail, Healthcare, Others) Analysis & Forecast" report to their offering.
The Japan big data market is expected to reach a value of $2.05 billion by 2019, at a CAGR of 27.5% from 2014 to 2019. Among the services, the Japan big data market is expected to reach a value of $0.91 billion by 2019. Consulting services market in Japan is expected to reach a value of $0.48 billion by 2019.
Although, China holds the largest share in the APAC Big Data Market, Japan and Australia are also expected to grow considerably. The growth of the big data market in this region is driven by the rise in transactional and unstructured data, growth in applications of big data for marketing activities, growth in the public sector, issues regarding data privacy, and the rise in ICT expenditure. It acts as a tool to understand different domains of information related to data, and provide insights which are essential for the decision-making process of the companies.
This market has been segmented on the basis of type, application, and geography. The market has been further segmented on the basis of the top five end-users, such as the BFSI, telecom, retail, government, and healthcare. The big data market is also segmented on the basis of major countries in this region such as Japan, Australia, and the rest of the countries in the APAC region. Factors such as an increase in the usage of social media to analyze the consumer behavior by the organization in order to design strategies accordingly and the rise in amount of transactional data are driving the growth of big data analytic market in this region. Geographically, Japan is estimated to hold a share of 33% by 2014 of the Global Big Data Market. Australia held a share of 23.2% of the overall APAC big data market in 2014. Japan big data market is primarily driven by the technological advancement and the rise in amount of transactional data.
As of 2014, the Japan big data market is estimated to be dominated by IBM, Microsoft, Oracle, Dell, HP, and Teradata. New product launches, partnerships, acquisitions, and collaborations are the major strategies adopted by most of the players to achieve growth in the Japan big data market.
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SOURCE Research and Markets