COVID-19 update included
The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Key Findings
Big data makes use of parallel computing tools for handling data. Over the forecast years of 2018-2026, the global big data market is likely to prosper with a CAGR of 18.49%.
MARKT INSIGHTS
The global big data market is segmented on the basis of deployment mode. component, types and verticles. Deployment mode includes on-demand and on-premise deployment mode. The component of big data are software and services while the market type includes structured data, unstructured data and semi-structured data. The global big data market caters to verticals such as banking, financial services & insurance (BFSI), government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation, it & telecommunication, academic & research institutions and other verticals.


Regional Insights
The regional segmentation of the global big data market is done into Europe, Asia-Pacific, North America and rest of the world. North America captures the largest share in the global big data market. Major credit for this market’s expansion goes to the presence of key tech giants in the region who are involved in the big data market and investing heavily for further technological advancements. However, a significant CAGR rise is expected from the Asia-Pacific region. The Asian market has started adopting business learning and machine learning models which have tremendously contributed to its market growth.

Competitive Insights
Companies like Amazon Web Services Inc, Cloudera Inc, Data USA, Dell Inc. Guavus, Inc, Hewlett Packard Enterprise, Hitachi, Ltd, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Palantir Technologies, Inc, Sap Se, Sas Institute, Splunk Inc and Teradata Corporation are engaged in the big data market.