Market Report, "Big Data Market - Global Forecast to 2021", published

Big Data Market by Component (Software and Services), Type (Structured, Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America, Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021

"Tremendous growth of organizational data and massive increase in mobile devices and apps are driving the big data market"

The big data market is projected to reach USD 66.79 billion by 2021 at a Compound Annual Growth Rate (CAGR) of 18.45% during 2016-2021. The growth can be attributed to the tremendous increase in the data being generated across various organizations and the need to analyze it. Big data analytics is the highly used software solution used across various organizations worldwide. Moreover, the significant shift of enterprises from analog to digital technologies and the massive increase in the number of mobile devices and apps are as the major drivers of the big data market.

Full Report Details at
- http://www.fastmr.com/prod/1171484_big_data_global_forecast_2021.aspx?afid=301

"Among software segment, big data analytics is expected to grow at the highest CAGR"

The big data analytics software solution is expected to grow at a highest CAGR in big data market during the forecast period. The growing need of organizations to analyze data to get actionable insights is driving the software segment. Similarly, among services, managed services segment is expected to grow at a high CAGR. This is due to the increasing demand of third party service providers among organizations for cost effective services.

"The market in Asia-Pacific (APAC) is expected to witness the highest growth"

The APAC big data market is expected to witness exponential growth during the forecast period. It is projected to be the fastest-growing region for the global big data market due to the growing number of data centers in this region, which will ultimately lead to the generation of high amount of data. On the other hand, Latin America shows great prospects in this space while Middle East and Africa (MEA) is expected to move toward the growth phase in the next five years.

Breakdown of primary research interactions:

To determine and verify the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Following are the details:

* By Company Type: Tier 1 (14%), Tier 2 (26%), and Tier 3 (60%)
* By Designation: C-level (10%), Director Level (29%), and Other Executives (61%)
* By Region: North America (34%), Europe (20%), and APAC (46%),

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