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The global market size for big data analytics was estimated at USD 38.5 billion in 2019 and is projected to expand during the 2019-2028 forecast period at a CAGR of 13.5 percent. With exponential growth in digital transformation and advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT), among others, the big data analytics market is expected to witness drastic growth. A staggering amount of data generated daily, which is estimated at 2.3 trillion gigabytes per day, can be associated with the increasing penetration of big data and it is expected that 40 zettabytes of data will be generated by 2020. It is necessary to drive the growth of the market to manage this enormous amount of data and data-fication of information big data analytics.
Market trends are driven by organisations realising BDA’s operational benefits, enhanced DDV empowering organisations to better target customers, increased access to cloud-based models, market vendors’ enterprise-grade security and data governance solutions, and ongoing consolidation of vendors.
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The Big data analytics market research deliverable covers:
Detailed analysis of global big data analytics market trends, including market drivers, market restraints, technology …
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