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Published on : Jul 05, 2017

Albany, New York, July 05, 2017: The dynamics thereof, which continue to have a deep impact on the way the market is likely to develop in the coming years, are assessed in detail in the report. The competitive dynamics of the global big data market and the economic factors governing the same are also studied in the report, titled ‘The Big Data Market: 2017 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts.’

The rising use of smartphones for ecommerce as well as social media applications is a key factor in the rapid growth of the global big data market. Social media applications such as Facebook, Tumblr, Twitter, etc. provide constant data generation activities that make development of the big data market inevitable. The rising use of social media applications by the urban demographic is thus vital for the global big data market. The rising disposable income of urban consumers has also been vital in the growing demand for smartphones in recent years and is thus a key factor linked with the growth of the big data sector. 

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The convenience of ecommerce has led to it becoming the preferred choice among an increasing range of demographics, which has led to significant demand from the global big data market. Banking institutions have been quick to adopt big data technology in order to fulfill the consistent consumer demand for digital access to banking operations. The increasing use of digital payment modes and the steady growth of the retail industry is thus a key driver for the global big data market, as increasing the connectivity between the customer and the bank through online modes has become a key target for several players in the BFSI sector. 

The report assesses the role of big data technology in each leading application sector in detail. This includes a review of the various ways big data technology is used in each sector. Since the big data market comprises technologies that store, monitor, or analyze data, they can be utilized for almost any application. The report provides case studies regarding successful implementations of big data technologies in sectors such as defense and intelligence, education, BFSI, healthcare, and automotive, providing readers with a comprehensive picture of the various growth avenues for the global big data market. 

Regionally, the report segments the global big data market into Asia Pacific, North America, Western Europe, Eastern Europe, the Middle East and Africa, and Latin and Central America. The big data market’s performance in leading countries in each of these segments is studied in detail, providing readers with a granular picture of the global big data market’s regional dynamics. Leading national big data markets examined in the report include the U.S., Canada, China, India, Japan, Singapore, Thailand, Japan, Malaysia, Brazil, Argentina, Mexico, South Africa, Saudi Arabia, the UAE, Qatar, Germany, the UK, France, Spain, Italy, Norway, Sweden, Poland, and Australia. 

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