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The bulk of European organizations are highly familiar with Big Data technology, and large businesses in particular have multiple Big Data use cases in place. Big Data is still an important tool for improving customer experiences, lowering costs, and expediting difficult corporate procedures. Despite the COVID-19 epidemic, the Big Data and analytics market has grown in the last two years, indicating that Big Data is a requirement rather than a nice-to-have technology that may help businesses nurture digital resilience and escape grave catastrophes more swiftly. During the forecast period, the Europe Big Data Market is expected to grow at a significant rate.
Europe Big Data Market Report Scope and Research Methodology:
The report provides a comprehensive assessment of the market, including main stakeholders in the Europe Big Data industry. The market’s volume, revenue, production and sales have also been included in the Europe Big Data market report in detail. It clearly shows the historical and current status of the market with the forecasted trends and Europe Big Data market size. To understand consumer behaviour in its entirety, the report employed several research methodologies including interviews, surveys, etc.
SMR’s report is the result of the several methodologies used for the study which are PORTER, PESTLE and SWOT analysis along with the bottom-up approach to estimate the Europe Big Data market size. The study used these methods to shed light on the key financial considerations that Europe Big Data key players must focus on when identifying competition and developing market strategies.
Europe Big Data Market Overview:
Stellar Market Research has published an intelligence report entitled Europe Big Data Market, which includes Manufacturers, Regions, Types, Applications, Segments and Forecast to 2029. The report covers the analysis of insights in view of the Europe Big Data market along with its ever-changing patterns, industry environment and all dominant aspects of the market.
Europe Big Data Market size was valued at US$ 63.84 Bn. in 2021 and the total revenue is expected to grow at 7.8 % through 2022 to 2029, reaching nearly US$ 108 Bn. by 2029.
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Europe Big Data Market Segmentation:
Based on Component, the service market in Europe is expected to dominate because to the structure of the region's IT sector, as most large-scale services are required from banks located in the region. The data collected for the population is generated not just for Europe, but also from consumers in all other regions, and as a result, the service industry is expected to increase at a high rate during the forecast period.
Risk and credit analytics is expected to lead the Big Data Market in Europe over the forecast period, based on application. This is owing to the significant presence of banks engaged in money lending and processing activities not only for the European region but also for the rest of the world. Many major banks and financial organizations have their headquarters in the member countries of the European Union, creating a high demand for Big Data services to analyse and derive insights from the massive amounts of data available to them.
According to Industry Vertical, the BFSI (Banking, Financial Services, and Insurance) segment is expected to dominate the Big Data Market in Europe. This is owing to the region's massive growth in the banking sector, which would necessitate the use of Big Data products to handle the massive amounts of data collected in order to organize and comprehend consumer insights.
Europe Big Data Market Key Players:
Excadel (Poland)
SAP SE (Germany)
Cortical.io (Austria)
Centaurea (Belarus)
Opinum (Belgium)
Koola (Bosnia and Herzegovina)
Valuer (Denmark)
Beemray (Finland)
Shift (France)
Itransition (Belarus)
Europe Big Data Market Regional Insights:
The Europe Big Data market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Europe Big Data Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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