About Big Data in Aerospace & Defense
The global big data in aerospace & defense market is expected to grow at a slow pace during the forecast period, according to the AMA study. The increasing demand for data connectivity through hybrid & multi-cloud environments, growing demand for access & management of continuously increasing data of different organisations, and rising number of investments for development of big data technology for defense & aerospace applications are expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness a decline for the next few years due to the recent aerospace industry crisis caused by COVID-19 pandemic across the world, but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Big Data in Aerospace & Defense market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture (Ireland), Airbus (France), Amazon Web Services (United States), Cisco Systems, Inc (United States), Cloudera, Inc. (United States), Cyient (India), Google LLC (United States), Hewlett Packard Enterprise (United States), Hitachi (Japan), IBM (United States), Microsoft (United States), Oracle (United States), Palantir Technologies (United States), SAP (Germany), SAS Institute (United States) and Thales Group (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Big Data in Aerospace & Defense market by , Application (Commercial Aerospace and Military Aerospace & Defense) and Region.
On the basis of geography, the market of Big Data in Aerospace & Defense has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Big Data in Aerospace & Defense market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Big Data in Aerospace & Defense market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions will boost the Big Data in Aerospace & Defense market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Implementation of Artificial Intelligence (AI), IoT, and Blockchain in Big Data Technology
Market Growth Drivers:
Increasing Demand for Data Connectivity Through Hybrid and Multi-Cloud Environments, Rising Demand for Huge Amount of Data Access with Automation & Low Storage Complications Across the Aerospace & Defense Sector and Increasing Number of Investments in Big Data Technology Due to Increasing Number of Aerospace & Defense Operations Across the World
Challenges:
Risk of Cybersecurity in Big Data Platform
Restraints:
Complexity in Insight Extraction and Lack of Skilled Workforce due to High Demand
Opportunities:
Opportunities in the Defense Sector
Strengthening Regulatory Landscape for Data Protection and Stringent Government Regulations Regarding Shutting Down of Airline Travel Operations Across the World Leading to Impacting the Big Data Market for Aerospace & Defense Sector
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.