The huge rise in organizational data has led to the rapid growth of big data solutions. The solutions have been deployed by various organizations for analysis and management of data for quick decision making. As such, big data analytics software has a huge potential in the market due to its capability of analysing huge sets of data and extracting crucial insights from them.
The applications are wide across sectors such as manufacturing, telecom, BFSI, government, and utilities. For instance, banking, one of the highest investors in the technology, are investing in big data and analytics for fraud prevention, risk management, and compliance related activities. Although, there are still concerns on dedicating high percentage of IT budgets to big data and analytics, as tangible returns of big data and analytics cannot be determined upfront.
The increase in amounts of structured and unstructured data, demands for data driven decision making, and cloud technology are the some of the major drivers for the growth of Big Data and Analytics market. The Big Data and Analytics market is segmented by components, applications, verticals and regions. Some of the major Big Data and Analytics vendors present in the market are Amazon, Microsoft, IBM, Tableau, SAP SE, Cloudera, MarkLogic and Pivotal Software.
The study covers and analyses the “Big Data and Analytics” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.