Big Data Infrastructure Market to Grow at 33.15% CAGR Driven by Cloud-Based Big Data Analytics to 2020
ReportsnReports.com adds Global Big Data Infrastructure Market 2016-2020 latest research report, the analysts forecast global big data infrastructure market to grow at a CAGR of 33.15% during the period 2016-2020.
Pune, India – April 26, 2016 /MarketersMedia/ —
There is an increase in the number of open source big data technologies available in the big data infrastructure market. Such technologies may be available free of cost by the enterprises. Some of the major open source big data technology platforms are Apache Hadoop, R, Cascading, Scribe, ElasticSearch, Apache HBase, Cassandra, MongoDB, and Apache CouchDB. Apache Hadoop technology is used for storing huge volumes of unstructured and semi-structured data. It is open source software and is freely available to enterprises.
Complete report on big data infrastructure market spread across 51 pages, analyzing 6 major companies and providing 34 data exhibits is now available at http://www.reportsnreports.com/reports/533962-global-big-data-infrastructure-market-2016-2020.html.
According to the big data infrastructure market report, big data provides enhanced customer experience. The unstructured information can be converted to derive qualitative and quantitative information, which are valuable for a company. It also helps in identifying idle resources and improving operational efficiency. Also, it helps in predictive analytics and risk management for enterprises
Outlook of the big data infrastructure market
With the emergence of efficient data management technologies, the big data infrastructure market has a positive outlook until the end of 2020. Recently, there has been an upsurge in both structured and unstructured data, resulting in the increasing popularity of big data. Earlier, management and analysis of these data were a challenge for enterprises. But with the advent of many cost-effective software solutions like Hadoop, management and distribution of storage consisting of large data sets has become much more convenient. Such software solutions help companies to collate data from various sources and help in effective database management and analytics. Order a copy of Global Big Data Infrastructure Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=533962.
In the big data infrastructure market research, analysts have estimated eminent factors, such as the growth of cloud-based big data analytics, to spur market growth during the forecast period. The growth of cloud-based big data analytics is driven by the advantages associated with its usage. Cloud-based big data analytics not only helps in accelerating the potential for scalable analytics but also provides a more convenient and organized way to access the data. Some of the major technologies introduced processing cloud data include Amazon Redshift data warehousing, Kinesis data processing service, BigQuery data analytics service, and Bluemix.
Product segmentation and analysis of the big data infrastructure market – Servers, Storage, Networking
In this market study, analysts have estimated the storage segment to be the largest big data infrastructure market segment as it is expected to reach close to USD 17 billion by the end of 2020. Storage used for big data requires an enormous amount of data handling capacity, along with high input/output operations per second. Much of this segment’s growth is attributed to the emergence of a new trend called object storage. It is an architecture that considers data as objects and block storage, instead of the file hierarchy. The ability of object storage to treat data as blocks within the sectors will lead to its increased adoption during the predicted period.
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During 2015, the Americas dominated big data infrastructure market and accounted for an impressive market share of more than 38%. The US is the major market in the region, as the country is home to major market players like HP, Dell, Cisco, and IBM. Big data has been successful in the US owing to the high potential of the system to increase productivity. However, the shortage of skilled employees will hinder the market growth during the forecast period.
The global big data infrastructure market is competitive and is characterized by the presence of many large vendors. Different vendors dominate the servers, storage, and networking segments of the market. The vendors are trying to increase their market presence by adopting aggressive marketing strategies like mergers and acquisitions.
Key players in the Global Big Data Infrastructure Market: Dell, IBM, HP, Fusion-io, NetApp, and Cisco.
Other Prominent Vendors in the market are: Intel, Oracle, and Teradata
Further, the report states that big data implementation is highly dependent on the application of output from big data on the current business models. Mining big data without proper aim and methodology often leads to futile attempts and a heavy financial burden on the company.
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