What is Big Data in Internet of Things?
Big Data refers to a massive collection of both structured and unstructured data that is extremely difficult to process using traditional techniques. However, it is critical to analyze business data in order to gain useful insights that can be used to make strategic business decisions. IoT and Big Data are inextricably linked and have a significant impact on one another. As the Internet of Things expands, so does the demand for big data capabilities. The daily increase in data volume necessitates more advanced and innovative storage solutions, which necessitates the updating of an organization's big data storage infrastructure. Big data and IoT have a shared future. It is obvious that the two fields will generate new solutions and opportunities with long-term implications.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), OptimalPlus (Israel), Cisco Systems (United States), Microsoft Incorporation (United States), SAP SE (United States), Qualtera Inc. (United States), Tata Elxsi (India), LG Software Solutions (South Korea), Tibco Software Inc. (India) and Onto Innovation, Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Transportation, Smart Environments, Healthcare, Food sustainability, Futuristic applications and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Big Data in Internet of Things market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Big Data in Internet of Things market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are IBM (United States), OptimalPlus (Israel), Cisco Systems (United States), Microsoft Incorporation (United States), SAP SE (United States), Qualtera Inc. (United States), Tata Elxsi (India), LG Software Solutions (South Korea), Tibco Software Inc. (India) and Onto Innovation, Inc. (United States).
Market Overview:
In September 2021- Telstra, an Australian telecommunications company, signed a five-year agreement with Cisco. With Telstra Control Center powered by Cisco, Cisco focused on providing leading connectivity administration for Internet of Things services. Furthermore, Cisco customers would gain clarity on how to use IoT data to make smart enterprise decisions.
The market of big data analytics in IoT is expected to grow with rising demand from end-use industries. Several companies are operating in the market to provide big data analytics with unique features. The market is fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Owing to huge demand, the market is expected to witness substantial growth over the forecast period.
Market Trend
Growing Inclination towards Cloud-Based Analytics Solutions and Growing Implementation of Big Data Technology across Different Industry Verticals
Restraints
- Lack of Technical Handling
Opportunities
The rise in adoption of technologies and big data analytics and The massive growth of big data across the globe
Key highlights of the Global Big Data in Internet of Things market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Big Data in Internet of Things market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Big Data in Internet of Things market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Big Data in Internet of Things Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Big Data in Internet of Things market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Big Data in Internet of Things market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Venture and Capitalist, Government Research Organizations, Private Research Organization, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.