According to U.S. Federal Regulation “Big data is done through a variety of statutes. To fully appreciate privacy in the United States it is important to note there is no one unified federal privacy law. Rather, privacy regulations come in the form of separate statutes and agency regulations. Some of the most well-known privacy laws are the Health Insurance Portability and Accountability Act of 1996, commonly referred to as HIPPA. This statute protects patient information and controls the type of patient data that can be released. HIPPA pre-dates the big data movement (although it has been updated as late as 2013 in the Omnibus bill), and because of that the data in big data is restricted to conform to HIPPA regulations.”
The article cited AMA's "Global Big Data Analytics Software Market Study" explored CAGR of %. According to the report, Acceptance of Trend Such as Ongoing Shift to Public Cloud
is one of the primary growth factors for the market. Rising Shifting From Analog to Digital Technologies Globally
is also expected to contribute significantly to the Big Data Analytics Software market. Overall, Large Enterprises
applications of Big Data Analytics Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Data Type, such as Structured, is boosting the Big Data Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as Banking, Financial Services, and Insurance (BFSI), is boosting the Big Data Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment Model, such as On-Premises, is boosting the Big Data Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution, such as Fraud Detection, is boosting the Big Data Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Big Data Analytics Software market identified that the demand is rising in many different parts of the world as "Increasing Number of IT Organizations Harnessing the Advantages of Big Data
". Furthermore, some recent industry insights like "On 16th March 2018, IBM Launched a New Cloud for Data Science and Engineering. It offers a new cloud offering called Cloud Private Data that’s designed to help organizations utilize data science and machine learning techniques to generate insight from data, and then engineer AI products that put those insights into use." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Big Data Analytics Software market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Big Data Analytics Software market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Big Data Analytics Software market size is calculated using market estimation process, the Big Data Analytics Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Big Data Analytics Software market size has been validated using both top-down and bottom-up approaches.