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Europe Big Data Market Forecast 2019-2027

The key application of big data market is in the pharmaceutical and healthcare sectors in Europe. By the end of the projected years of 2019-2027, the Europe big data market is forecasted to rise with a CAGR of 18.20%. Vendors in the market are targeting financial institutions in emerging European countries with increased lease licensing and financial activities in the region.

At present, the UK big data market accounts for the largest revenue share. The booming e-commerce industry is primarily responsible for this market's prosperity. However, in terms of CAGR, the German market is expected to race ahead by the end of 2027. Other key geographies in this region include France, Spain and the rest of Europe. The big data services market in the retail sector in Europe is experiencing remarkable growth as marketing companies are turning to big data solutions to analyze customer data and serve customers better. Companies in the retail sector are adopting big data solutions to understand trends in customer behavior. Thus, the retail organizations in Europe are expected to continue investing in big data solutions.

Noted market players in this region include Cloudera, Inc., Oracle Corporation, Data USA, Teradata Corporation, Amazon Web Services, Inc., Hitachi, Ltd., International Business Machines Corporation (IBM), Hewlett Packard Enterprise, Guavus, Inc., SAP SE, Palantir Technologies, Inc., Splunk Inc., Dell, Inc., Microsoft Corporation and SAS Institute.
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Europe Big Data Market Forecast 2019-2027
Published By :Inkwood Research
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