USD 110 BN OF POTENTIAL OPPORTUNITY IS OPENING UP IN BIG DATA SOLUTIONS MARKET
Download PDFDisruption – With the increasing Integration of AI, IoT, and blockchain with big data as well as need for solutions to access and analyze large volumes of data to gain data insights~ USD 110* BN of potential opportunity is opening up
TOP Big Data Solutions Market GROWTH STORIES
How MnM helped an American multinational IT company to arrive at an effective pricing and servicing strategy? Where the company was interested in understanding the current pricing for big data & analytics services by other vendors in the offshore market?
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How MnM helped a Japanese multinational provider of IT services and products who was interested in conducting a study on the surveillance analytics market for the Asia Pacific, UK, UAE countries to identify top five vendors in each country by different applications and Provide the competitive analysis ?
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How MnM helped an established player in a software industry who was interested to understand the roles, responsibilities, typical profile, and behavior of CDO in the organization & understand the influence of CDO’s role in various IT decision-making activities?
Download PDFANALYTICS MARKET TO GROW COMPELLED BY technological shift toward AI-Driven Automation & APPLICATIONS and increased investments in startups
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Advanced ANAlytics MARKET REPRESENTS AN OPPORTUNITY WORTH USD 89.2 – 90.6 BN FOR EVERY advanced analytics Solution Provider
ADJACENT MARKETS HOLD A POTENTIAL OF OVER USD 94 BILLION FOR ANALYTICS vendors COMING FROM INDUSTRY/THEME-BASED SOLUTIONS
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MAJOR TRENDS: NUMEROUS MEGA TRENDS to FUEL GROWTH OF BIG DATA AND ANALYTICS MARKET
ADDITIONALLY, A HOST OF ANALYTICS players were assisted to TAP HIGH GROWTH OPPORTUNITIES ACROSS EMERGING END-USERS, GEOGRAPHIES, & COMPETITors
WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Complex and overlapping markets for advanced analytics technologies. Hence, difficult to calculate market potential and TAM
- Insufficient secondary research for strategic decisions
- Insufficient secondary research for strategic decisions
INTELLIGENCE IS NOT DEMOCRATISED:
- Client unmet needs need to be understood by all market facing employees for new product development and vendor selection.
- Bleak knowledge about upcoming technologies and growing applications, such as agricultural business analytics, stock marketing, and bond marketing.
MARKET PRIORITIZATION:
- Lack of GTM knowledge and practice in competitive intel, pricing, and product features
SOME UNKNOWNS & ADJACENCIES
- Organizations such as SAS Institute, SAP, Salesforce.com, and Microsoft are leading the deployment of analytics for analyzing and understanding user activities and preferences to recommend and sell products.
- The adoption of advanced big data technologies with minimal infrastructure, cost-effectiveness offered by the big data solutions, and immediate need for actionable intelligence for enhanced decision-making will provide attractive, high-growth opportunities in the big data and analytics market.
- Numerous growth engines are expected to fuel the adoption of Big data analytics, such as the increasing use of Internet of Things (IoT) devices among organizations, increasing availability of data across the organizations to gain deeper insights to remain competitive, and increasing digital transformation initiatives among enterprises.
- initiatives among enterprises. Emerging adjacent market themes, such as functional analytics, cognitive analytics, use cases analytics, and data management, provide immense growth opportunities owing to the generation of huge data demanding quicker analysis.
GROWTH PROBLEMS ENCOUNTERED BY Big Data Solutions Market COMPANIES
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients’ businesses? How can we support them for our own growth?
- How analytics acts as a ‘core nervous system’ for organizations, such as trucking companies, airlines, and railroads, which can use it to adjust schedules for optimal efficiency and profit?
- What are the key unmet needs of customers? Who are the key stakeholders in different settings? Do vendor selection criteria differ by settings? Which new product features should be added to the existing products?
Where to Play:
- Which technologies should we focus on? Should it be predictive analytics, streaming analytics, No SQL databases, data processing, or any other?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, which are the right targets for us? Should we target horizontal analytics companies or vertical analytics companies? Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Complications in using big data analytics due to the presence of huge data and threat of inaccurate analysis
- Startups and emerging companies eating up market share of established companies
- Limited clarity on unmet needs among customers/non-customers about changing technology needs, hence requirements for novel product features
- Shortage of professionals that understand big data analytics
- Challenges related to security and privacy of data
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF Big Data Solutions Market COMPANIES
- What are the top 10 revenue growth opportunities for analytics ecosystem participants over the next five years? Which markets, technologies, and customer segments are the most attractive to place bets?
- What role does cloud-based analytics platforms play in helping customers in seamlessly making the switch from dashboarding solutions to process automation, intelligent automation, and advanced real-time AI-based solutions?
- CHow does analytics play a pivotal role in identifying customer needs across buying channels and providing retailers with actionable intelligence to create omnichannel customer experiences?
- What are the customer unmet needs/ buying preferences? What are the key customer challenges/ pain points?
- How to build a deeper understanding of peers/competition and identify gaps in their roadmap toward new revenue sources?
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- What are the regulations surrounding data privacy and security?
- What will be the impact of cloud, IoT, and cybersecurity on analytics market?
- What are the challenges that might arise from the use of predictive analytics, especially related to finding a balance between fairness and bias?
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What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
mnm RESEARCH FOCUSES ON HIGH-GROWTH NICHE MARKETS
INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR Big Data Solutions Market COMPANIES:
- STUDY
- Big Data Market
- Hadoop Big Data Analytics Market
- Predictive Analytics Market with COVID 19 Impact Analysis
- Speech Analytics Market
- Business Analytics Market
- Visual Analytics Market
- Product Analytics Market with COVID 19 Impact Analysis
- Customer Analytics Market
- Prescriptive Analytics Market
- In-store Analytics Market
- Streaming Analytics Market
- Cloud Analytics Market
- Video Analytics Market
- Location Analytics Market
- Public Safety Analytics Market
- Procurement Analytics Market with COVID 19 Impact
- Social Media Analytics Market with COVID 19 Impact
- Geospatial Analytics Market
- Insurance Analytics Market
- Customer Journey Analytics Market
- Retail Analytics Market
- IT Operations Analytics Market
CASE STUDY: MARKET ASSESSMENT STUDY FOR LEADING TECHNOLOGY VENDOR OF CLOUD ANALYTICS SOLUTIONS
impacting you and
your clients
Big Data Solutions Market COMPANIES
Leading IT Company in US,
The researc and discussions with the MarketsandMarkets team were insightful and influential towards driving our teams strategic direction. After engaging with the analyst team, we were able to have focused use case, a trageted market segment, and strategic partners to consider as part of our GTM. The insights shared by MarketsandMarkets captured some useful information that we could leverage to develop our point of view for the nest steps. The market reports were a great start for the project, but the analyst hours made a tough diamond turn into a polished get of a project.
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