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Big Data Software Market
Research Report and
Forecast 2021-2026
Author: Elena Anderson,
Marketing Manager |
IMARC Group
Report Description
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Report Description
Report Description and Highlights
GLOBAL Big Data Software Market Research Report:
According to the latest report by IMARC Group, titled "Big Data Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global big data software market size reached US$ 142.40 Billion in 2020.
Big data software assists in providing efficient analytics for large and complex data sets that cannot be processed using traditional data processing applications. These solutions are widely used to host,
collect and analytically process large volumes of data with the help of certain programming models. They provide cross-platform support and aid in discovering hidden patterns, market trends, unknown correlations and current preferences of the masses. Their use, consequently, assists organizations in gaining deeper insights about their clients and business situations, thereby providing an impetus to their overall operational efficiency and accuracy.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Report Description and Highlights
Global Big Data Software Market Trends :
The market is primarily driven by the increasing utilization of big data software across the corporate sector. This is being supported by the rapid digitization in numerous companies, along with the increasing adoption of various automated solutions in the sector.
The utilization of these solutions aids in managing large volumes of data in an efficient manner to understand complex concepts and identify the latest trends and patterns.
This, coupled with significant improvements in the network infrastructure, is providing a thrust to the market growth.
The market is further being supported by the rising trend of remote working across the globe on account of the rapid outbreak of the COVID-19 pandemic.
Report Description
Report Description and Highlights
Apart from this, the escalating integration of big data software with advanced technologies, such as artificial intelligence (AI) and machine learning (ML), is expected to create a positive outlook for the market.
Market Summary:
Breakup by Deployment Type:
• On-Premises
• Cloud-Based
Breakup by software Type
• Database
• Data analytics and tools
• Data management
Some of the other factors contributing to the market growth include the growing preference for personalized shopping experience among customers and the extensive research and development (R&D) activities conducted by players to launch software variants with innovative functions and improved efficiency.
On account of the aforementioned factors, the market is anticipated to grow at 11.20% during 2021-2026.
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• Breakup By End Use : • Large Enterprises • Small Enterprises • Breakup by Industry : • Banking • Discrete manufacturing • Professional services • Process manufacturing • Federal/Central government
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Competitive Landscape with Key Player:• Amazon Web Services
• Cloudera • Inc. • Hortonworks • IBM Corporation • Informatica • Microsoft Corporation • Oracle Corporation • Palantir Technologies • SAP SE
• SAS Splunk Inc.
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