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Humungous Amount of Data Generation Coaxes Companies to Opt for Big Data Services

Press Release   •   Jun 08, 2017 05:38 EDT recently announced the addition of a new research report to its online depository. The publication, titled “Global Big Data Services Market 2017-2021,” is a comprehensive compilation of the strengths, weaknesses, opportunities, and threats impacting the overall shape of the market. The report has been collated using primary and secondary research methodologies that are aimed at offering the readers a holistic guidance. The study includes an assessment of the change IT infrastructure across the globe and the high penetration of the internet that has led to the generation of humungous data. Owing to this, the research report predicts that the global big data services market will surge at a healthy CAGR over the forecast period of 2017 and 2021.

The exploding nature of data volumes has been identified as the key market driver in the global big data services market. The report estimates that by 2020 about 1.5 megabytes of data will be generated every second by each person across the globe. Thus, several big players are offering services to understand the nature of this data and the patterns in them to spot a meaningful congruency. In the coming years, these enterprises are likely to find ample of opportunities as the consumption of internet is slated to soar beyond measure, increasing sales of mobile phones, and excessive usage of social media. The demand for big data services is also anticipated to rise as several end users are trying to understand their consumers by continuously mapping their behavioral patterns.

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In terms of regions, the global big data services market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa. The report indicates that the Americas held a dominant share in the global market and is expected to do so in the near future as well. The U.S. is anticipated to lead the regional market due to a strong presence of players and a better awareness about the advantages of using these services. The U.S.-based companies are also adopting the big data services in order to gain a competitive advantage over others. On the other hand, the flourishing IT sector in developing countries is also estimated to offer several lucrative opportunities to the global market.

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Some of the leading players operating in the global big data services market are Attivio, Accenture, Deloitte, Hewlett-Packard (HP), IBM, MongoDB, PricewaterhouseCoopers (PwC), SAP, Teradata, Alteryx, Atos, Mu Sigma, Chartio, Cirro, ClearStory Data, Cloudera, Datameer, DataStax, Continuum Analytics, Doopex, Dell, Enthought, MAANA, Hortonworks, MapR Technologies, MarkLogic, Microsoft, SAS Institute, and Predixion Software. The research offers an insightful take on the competitive landscape present in the overall market. It publication assesses the threat to the players from substitutes and new entrants present in the global market. Furthermore, the research report also includes an evaluation of research and development activities of these players, their financial outlook, and their business and marketing strategies.

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