The market for [FURL=https://www.industryarc.com/Report/17940/big-data-infrastructure-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] Big Data Infrastructure[/FURL] is forecast to reach $4.2billion by 2026, growing at a CAGR of 32.3% from 2021 to 2026 due to rapid increase in consumer and machine data developments. Big Data is referred as the collection of data sets so large and complex that it is not possible to process it in traditional way. The market will be driven by the growth of structured and unstructured data. Big Data infrastructure is the cornerstone of the enterprises to sort, store, process and analyze the large data sets. An enterprise generates data in large volume with high velocity and veracity which cannot be stored and processed traditionally and this raises the demand for emerging data-intensive analytical technology.Key Takeaways
Growth of cloud-based big data analytics will enhance the growth of big data analytics software.
Growth of structured and unstructured data will provide many opportunities for big data platform.
Use of big data solutions in the financial services sector and analysis of conversations in social networking websites will propel the growth of the Big Data Infrastructure Market.
Large volume of data generated by enterprises will enhance the demand for big data infrastructure in the forecast period.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=17940[/FURL]
Big Data Infrastructure Market Segment Analysis - By Geography
North America will dominate the Big Data Infrastructure Market during the forecast period with 41% in 2020. The U.S. is the main region for big data infrastructure due to the presence of players such as HP, Dell, Cisco, and IBM. Big data has a high potential in the U.S due to increasingly extensive data collection practices. In Asia Pacific, the technological developments in the IT sector and growing business operations will benefit the market in the forecast period.
Big Data Infrastructure Market Drivers
Rising Usage of Hadoop for Bid Data Processing
One of the current trend in the Big Data Infrastructure Market is, the usage of Hadoop for processing, storing and analyzing has been increased compared to other tool such as NoSQL and massive parallel processing. Components such as Hadoop distributed file system, Map Reduce, and Spark are making it preferable.
Rising Amount of Data Generated by Organizations
One of the current trends in the Big Data Infrastructure Market is it is widely popular and in demand due to the rising storage capacity in terms of Terabyte and Petabyte of Big Data generated by the organizations. It is widely used because it can handle large amount of data and keep scaling to keep up growth and can provide input and output data to analytical tools for analysis.
Big Data Infrastructure Market top 10 companies are Accenture, Amazon Web Service, Dell, HP, IBM, Oracle, Cisco Cloudera, Concurrent, Dataguise
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.