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The latest report published by IMARC Group, titled “Big Data Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on big data software market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global big data software market reached a value of US$ 162.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 314.1 Billion by 2027, exhibiting a CAGR of 11.4% during 2022-2027.

Big data software refers to the technology that is used to collect, host, and analytically process the dynamic and disparate volume of data created by humans and machines. It includes technologies, such as Hadoop, Spark, Storm, Flink, Kafka, and NoSQL databases and specialized analytic and visualization tools that help in discovering hidden patterns, unknown correlations, market trends, and consumer preferences. It provides improved decision-making, increased efficiency, enhanced customer service, innovation, and cost savings. As a result, it is used in numerous industries, including retail, healthcare, finance, and government, and is widely employed for tasks, including business intelligence, machine learning, data warehousing, and real-time analytics. It is also utilized by clinicians to uncover disease indicators and risk factors and diagnose disease and medical issues in patients.

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Market Trends:

The market is primarily driven by the increasing volume of data generated by the numerous industry verticals. Moreover, the widespread integration of artificial intelligence (AI) and machine learning (ML) as cutting-edge technology with data management and analytics software, along with rapid digitalization, is augmenting the market. Furthermore, the increasing significance of data in modern enterprises backed by rising technological investments, resulting in deep assessments of current business, is creating a positive market outlook. Besides, the wide adoption of big data software by numerous industries, since it helps in protecting data by encrypting it, controlling access to it, and detecting potential threats, is further catalysing the demand across the globe. Other factors, including the emerging information technology (IT) sector and extensive research and development (R&D) activities, are projected to propel the market further.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• AWS
• Cloudera
• Hortonworks
• IBM
• Informatica
• Microsoft
• Oracle
• Palantir
• SAP
• SAS
• Splunk

Big Data Software Market Segmentation:

Our report has categorized the market based on region, software type, deployment type, industry and end-use.

Breakup by Software Type:

• Database
• Data Analytics and Tools
• Data Management
• Data Applications
• Core Technologies

Breakup by Deployment Type:

• On-Premise
• Cloud 

Breakup by Industry:

• Banking
• Discrete Manufacturing
• Professional Services
• Process Manufacturing
• Federal/Central Government
• Others 

Breakup by End-Use:

• Large Enterprises
• SMEs

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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