The Global Big Data Market is expected to grow at a CAGR of around 14.7% during the forecast period, i.e., 2023-28.                                       

Global Big Data Market Dynamics:

Increasing Procurement of Databases across Industries - With the rapidly widening IT sector and the use of advanced technologies in diverse industries, database generation is booming globally. The scalability of digital solutions, across business sectors such as banking, retail, healthcare, agriculture, BFSI, and telecom/media, among others, worldwide are significantly increasing data, which in turn, is cultivating noteworthy changes in services. Hence, the use of bug data solutions is increasing and driving the market globally.

For instance, the use of these solutions in the agricultural sector offers perks like better risk management, and precision farming, backed by the use of smart machines, soil sensors, and GPS-equipped tractors, among others, which generate a massive volume of data sets. Farmers use this generated information to study advanced risk assessment, natural trends, ideal crops, supply tracks, and more, in agriculture.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Big Data Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

•  By Component
• Software
• Credit Risk Management
• Business Intelligence Solutions
• CRM Analytics
• Compliance Analytics
• Workforce Analytics
• Others (Content Analytics, Supply Chain Analytics, and Others)
• Hardware
• Services
• By Deployment
• Cloud
• On-premises
• Hybrid
• By Business Function
• Marketing and Sales
• Finance
• Human Resource
• Operations
• By Organization Size
• Large enterprises
• Small and medium-sized enterprises (SMEs)
• By End User
• BFSI
• Retail
• Healthcare
• Advertising & Media
• Manufacturing
• Automotive and Transportation
• Others (IT/ITES, Telecommunication, etc.)
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Fair Isaac Corporation, Accenture PLC, Cloudera Inc., Teradata Corporation, Microsoft Corporation, Splunk Inc., Amazon Web Services, Cisco Systems Inc., Tableau Software, SAP SE, Hitachi Ltd., Oracle Corporation, Dell Technologies, IBM Corporation, Others

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