The humungous amount of data generated across various sectors is
termed as big data. The exponential growth in the quantum of big data is
leading to the development of advanced technology and tools that can
manage and analyze this data. Hadoop technology is used by Yahoo,
Facebook, LinkedIn and eBay among others to manage and analyze the big
data. This study will provide complete insights of the Big Data market
and explain about the current trends and factors responsible for driving
market growth. The analysis will prove helpful for emerging players to
know about the growth strategies implemented by existing players and
help existing players in strategic planning.
The report includes segmentation of the big data market by
components, by applications and by geography. The different components
included are software and services, hardware and storage. Software and
services segment dominates the components market whereas storage segment
will be the fastest growing segment for the next 5 years owing to the
perpetual growth in the data generated. We have covered eight
applications namely financial services, manufacturing, healthcare,
telecommunication, government, retail and media & entertainment and
others in the application segment. Financial Services, healthcare and
the government sector are the top three contributors of the big data
market and together held more than 55% of the big data market in 2012.
Media and Entertainment and the healthcare sectors will grow at high
CAGR of nearly 42% from 2012 to 2018. The growth in data in the form of
video, images, and games is driving the media and entertainment segment.
The multiple and varied stakeholders including the medical and
pharmaceutical product industries, providers and patients, all generate
pools of data. A major portion of the clinical data is not yet digitized
and so big data tools are helping these stakeholders to use the pool of
data effectively. The cross-sectional analysis based on geographic
segments has also been covered in this report and the major four
geographies covered are North America, Europe, Asia Pacific and RoW.
North America is the largest market and held nearly 55% of the total big
data market in 2012. This region will continue to dominate the big data
market in future but Asia Pacific region will prove to be the fastest
growing market and will grow at a CAGR of 42.6% from 2012 to 2018. The
shortage of talented personnel to analyze the big data will limit the
growth of this market in North America.
- To Read The Complete Report with TOC: http://www.marketresearchreports.biz/analysis/159003
The key drivers, restraints and opportunities are a part of this
study along with the impact analysis of the drivers and restraints,
which would serve as a strategic tool for players of the market to take
corporate decisions. Porter’s five forces analysis covered will further
help the reader to understand the intensity of competition among the
different players in the market. The market share analysis of the
players of this market will give a holistic picture of the intensity of
competition prevalent in the market. In addition to this; the research
also includes an overview of the big data market by product requirements
consisting of existing Database Management Systems (DBMS), Relational
Database Management Systems (RDBMS), Structured Query Language (SQL) and
Hadoop. The comparison between SQL databases and Hadoop would provide a
better idea about the benefits of Hadoop over SQL.
We have used secondary research for deriving our market numbers for
each segment of the research report and further validated our analysis
with C-level executives of major companies operating in the big data
market as well as the users of big data tools through means of primary
research to finally come up with our results..
For More Information Kindly Contact:
Hemendra Parmar
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
sales@marketResearchReports.biz
website:http://www.marketresearchreports.biz/
Blog: http://mrrbiz.blogspot.hk/
Hemendra Parmar
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
sales@marketResearchReports.biz
website:http://www.marketresearchreports.biz/
Blog: http://mrrbiz.blogspot.hk/
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