Global Big Data Engineering Services Market Overview:
Big Data Engineering services allow business organizations to implement well though big data programs across multiple industries and focused areas. Data engineering is the process of transforming a large amount of data into useful systems that are prepared for in-depth business analytics. These services loom into the making ability, de-identify and anonymize the sensitive data according to the requirements. A wide array of big data engineering services includes data discovery & data maturity assessment, real-time and batch data processing, advanced data analytics, web API & data streaming development, etc.
Growth Drivers
- Growing Organisational Big Data Across various Industries
- Demand for the Big Data to help Increase Business Sales and Cutting Costs
Roadblocks
- High Expenditure Involved in Big Data Analytics MIght Hinder the Big Data Engineering Services
Opportunities
- Increasing Awareness about the Big Data Engineering Services and its Applications
- Surging Demand for the Data Scientist
Challenges
- Regulatory Compliances and Standards with Big Data Engineering Services
Competitive Landscape:
Some of the key players profiled in the report are Syntelli Solutions Inc. (United States), LatentView Analytics (United States), Accenture PLC (Ireland), Genpact (United States), Capgemini SE (France), Mphasis Limited (India), L&T Technology Services (India), DS Stream sp. z o.o. (Poland), Zensar Technologies Limited (India) and Happiest Minds (India). Considering Market by Industry Verticals, the sub-segment i.e. Healthcare will boost the Big Data Engineering Services market.
Latest Market Insights:
On 15th May 2021, Zensar acquire US data and digital engineering firm M3bi. Zensar will pay 21.60 million US dollars upfront and up to 9 million US dollars in performance-based deferred payments over 36 months for the US company. It will also spend Rs 17.8 crore (2.4 million US Dollars) to buy M3bi India Pvt. Ltd.
On 5th January 2021, Genpact a global professional services firm focused on delivering digital transformation, announced that it has acquired Enquero, a firm that offers data engineering and data-led digital transformation services.
What Can be Explored with the Big Data Engineering Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Big Data Engineering Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Big Data Engineering Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Big Data Engineering Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Big Data Engineering Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of 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 Big Data Engineering Services Providers, Big Data Engineering Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.