Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Big Data Software Market Predicted to Garner USD 667.4 Billion by 2030, Growing at a CAGR of 16.70% – Report by Market Research Future (MRFR)

Published

on

<!– Name:DistributionId Value:8830810 –> <!– Name:EnableQuoteCarouselOnPnr Value:True –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1259337 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:ed3648de-d6b6-4f63-9b5a-9bd2f04d8852 –>

Tokyo, Japan, May 04, 2023 (GLOBE NEWSWIRE) —

According to a comprehensive research report by Market Research Future (MRFR), “Big Data Software Market: By Component, By Deployment, By End-User and Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR of approximately 16.70% to attain a valuation of around USD 667.4 Billion by the end of 2030.

Daily, massive amounts of unstructured data are generated by industries, especially by IT service-providing companies. Big data software is used to process the complex data extracted from many data sets, which is otherwise very difficult to process and manage. The rise in the development of data-driven applications targeted to improve business agility is a key driving force behind market growth. 

Data sources are becoming more complex day by day, mainly due to the rising use of mobile devices, social media, and technologies like artificial intelligence (AI), IoT, and others. Different data sets are generated due to sensors, devices, networks, video/audio & log files, transactional applications, web & social media, and much of it is generated in real-time and at a large scale.

Advertisement

The innovative big data software taps into the company’s data to deliver opportunities such as; customer experience, risk mitigation, economic transformation, asset optimization, product innovation, operational excellence, and others. In addition to faster & better decision-making and handling a large volume of data, big data software helps businesses to access and analyze a large variety of data sources to gain actionable insights to identify customer needs and potential risks in creating new products & services.

Get a Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/4974

Besides, flexible data processing & storage tools bring significant cost savings, which help organizations save costs required for storing & analyzing large amounts of data and bring more efficiency to the business. Thus, the software aids in enhancing operational efficiency and reducing operational costs. 

Using big data analytics helps enhance business intelligence leading to better & faster decision-making and modeling & predicting future outcomes. As the business grows, organizations consider open-source big data solutions that are cost-effective and allow flexible data processing & storage tools to handle data volumes, such as Apache Spark, Apache Hadoop, and the entire Hadoop ecosystem. 

Report Scope:

Advertisement
Report Attribute/Metric Details
  Market Size   USD 667.4 billion by 2030
  CAGR   16.70% CAGR from 2022-2030
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Key Market Opportunities   Many vendors are offering big data solutions for the view of maximizing profits and also automation of the equipment and maintenance process.
  Key Market Drivers   This software facilitates a very deep analysis and understanding of the buyers and their needs to make use of the generated data

Browse In-depth Market Research Report (100 Pages) on Big Data Software Market:
https://www.marketresearchfuture.com/reports/big-data-software-market-4974

Industry Trends

The rapid IT infrastructure developments foster the growth of the big data industry. Moreover, the rising uptake of big data software and services to handle massive data sets escalates market growth. The cost benefits of deploying cloud-based big-data infrastructures propel the big-data software market revenues. Leading enterprises increasingly invest in this technology to streamline their business operations. 

Most enterprises leverage big data capabilities for product cross-selling, financial risk management, regulatory compliance management, and other purposes. The growing adoption of this solution in increasing numbers of businesses substantiates the big data software market size. Furthermore, the rising awareness about the advantages and diversity of big data software creates vast market demand.

It is an exciting time to invest in big data due to all the advances around AI, autonomous systems, robotics, and connected platforms. Today, IoT, AI, and robotics are evolving in the industry, and organizations are increasingly demanding the most sophisticated solutions that can help them effectively use AI and big data. 

Advertisement

Some big data companies focus on the most interesting AI problems, such as identifying core patterns & designs to enable reading of facial emotions & actions by deriving the specifications, detecting anomalies in the network infrastructure, and initiating proactive measures. Significant investments in the semiconductor industry would pay back favorably and propel the progress in Robotics, IoT, and AI research forward.

Industrial IoT & robotics are evolving further, leading to smart factories and autonomous mobile robots (AMR). More AI processing is expected to happen at the edge, and AI will play an important role, especially in the media & entertainment field. Huge AI models will be available to the public. 

Buy this Premium Research Report at:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=4974 

Segments

The big data software market is segmented into components, deployments, end-users, and regions. The component segment is sub-segmented into software/solutions and services. The deployments segment is sub-segmented into cloud and on-premise. The end-user segment is sub-segmented into BFSI, government & defense, manufacturing, retail, healthcare & life sciences, and media & entertainment.

Advertisement

Regional Analysis

North America dominates the global big data software market. Rapid advances in information technology and the early adoption of advanced technologies drive regional market growth. Besides, many major players and a well-established IT sector in the region foster market revenues. High R&D investments in developing and implementing big data solutions positively impact the region’s market shares. 

Ask For Customization:
https://www.marketresearchfuture.com/ask_for_customize/4974

Competitive Landscape 

Big data software offers some of the best opportunities for big data companies. In today’s volatile business environment, leading big data companies strive to offer a differentiated platform adaptable to customer needs, needs, issues, and opportunities of industries and customized for individual companies. They ensure that their platform allows the purposeful, systematic exploitation of big data to bring opportunities for better business outcomes. 

Advertisement

Market players adopt advanced technologies and bank on core competencies such as software engineering practices and design excellence while moving toward future growth. They also integrate their platform with AI and/or machine learning, which helps solve even more complex business challenges. Technology providers not only focus on product development but also on releasing updates on their big data software. 

For instance, on Aug. 29, 2022, NowVertical Group Inc., a leading provider of big data, analytics & vertical intelligence (VI) software and solutions, announced an update to its NOW Privacy offering that provides users with extended functionality to enhance data search capabilities, box data connections, and overall ease of use.  

The upgraded NOW Privacy platform will help users comply with data privacy regulations and keep data accurate, the two biggest concerns most organizations face today. The company’s software is used across the banking, healthcare & pharmaceutical, and defense industries. 

Related Reports:

5G Market by Components, By Applications- Forecast 2030

Advertisement

5G Technology Market: By Communication Infrastructure, By Network Technology, By Chipset Type By Application-Forecast 2030

Global 5G IoT Market Research Report: Information By Service, Technology, Type – Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Advertisement

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Follow Us: LinkedIn | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

Published

on

aero-design-labs-receives-us.-and-easa-approval-for-updated-boeing-737-800-drag-reduction-kit

FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
Logo – https://mma.prnewswire.com/media/2519564/Aero_Design_Labs_Logo_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/aero-design-labs-receives-us-and-easa-approval-for-updated-boeing-737-800-drag-reduction-kit-302262953.html

Continue Reading

Artificial Intelligence

DocPro Limited Announces the Launch of DocLegal.ai

Published

on

docpro-limited-announces-the-launch-of-doclegal.ai

Affordable AI-Powered Legal Solutions
HONG KONG, Sept. 30, 2024 /PRNewswire/ — DocPro Limited, a leading innovator in legal technology, has launched DocLegal.ai, a new platform designed to provide AI-powered legal assistance at an unbeatable price—less than the price of your daily coffee.

DocLegal.ai is a platform that consolidates legal document creation, editing, and review into a single interface. The platform offers the following features:
Custom Document Creation: Users can describe their scenario and receive a tailored legal document.Document Review and Editing: The AI assistant can edit, review, summarize documents, suggest clauses, and highlight potential risks.The platform is designed to provide affordable legal services to small businesses and individuals. It also aims to streamline workflows and automate routine tasks for legal professionals, enabling them to focus on high-value activities.
DocPro Limited has leveraged its experience with DocPro.com, which serves over 50,000 users globally, to develop DocLegal.ai. The company is a graduate of the Cyberport Incubation Program and is currently part of the HKSTP Incubation Program and Google for Startups Cloud Program.
As part of its soft launch, DocLegal.ai is offering exclusive access to the first 500 users for only $2.50  per document. Interested parties can Visit the DocLegal.ai website to sign up.
About DocPro Limited
Founded in 2020, DocPro Limited is a leader in the legal tech space, committed to enhancing the delivery of legal services through innovative AI-powered solutions. With platforms like DocPro.com and DocLegal.ai, DocPro empowers users to create and manage legal documents with unparalleled efficiency and precision. For more information, visit DocLegal.ai.
DocLegal.ai is poised to become an indispensable tool for anyone seeking reliable, efficient, and affordable legal documentation, reinforcing DocPro’s position as a pioneer in legal technology.
Media Enquiries: 
Kim [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/docpro-limited-announces-the-launch-of-doclegalai-302260129.html

Continue Reading

Artificial Intelligence

Amagi and Phenix Partner to Bring Next-Gen Low Latency and Seamless Ad Insertion for the Ultimate Viewer Experience

Published

on

amagi-and-phenix-partner-to-bring-next-gen-low-latency-and-seamless-ad-insertion-for-the-ultimate-viewer-experience

Bitmovin Complements the Partnership With Its New Player Web X, Guaranteeing Seamless, Crystal-Clear Video Playback
NEW YORK, Sept. 30, 2024 /PRNewswire/ — Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with Phenix Real Time Solutions to deliver next-generation FAST (free ad-supported streaming TV) and live events with the lowest latency available in the streaming marketplace. Amagi and Phenix will provide a complete turnkey solution for content owners to achieve real-time streaming with subsecond latency and server-side ad insertion (SSAI). By combining automation, scheduling, real-time streaming, and ad monetization, streaming customers can now deliver a “see it here first” experience, eliminate spoilers from social media, and provide a best-in-class viewing experience for their audiences.

Bitmovin adds a unique element to the mix by ensuring effortless, smooth playback on any browser, regardless of the device. Bitmovin’s open-source plugin system makes integration easy and provides the tools to maintain high-quality playback. The latest update also includes compatibility with Phenix Real-Time SSAI, combining flawless playback with real-time ad insertion.
The direct integration with Phenix now enables Amagi to output content from its Amagi CLOUDPORT automated scheduling and playout system into Phenix’s globally distributed real-time streaming network of over 34 points of presence for real-time delivery to viewers with subsecond latency. Further integration between Amagi’s Ad Tech platform and Phenix’s real-time SSAI capabilities facilitates dynamic and personalized ads while maintaining real-time playback and full compatibility with Bitmovin.
Bill Wishon, Phenix’s Chief Product Officer, stated, “Amagi has established itself as the foremost authority on FAST channel delivery. As a cloud-first company, Amagi has built itself into a pioneer in cloud technology for broadcasting and OTT. We are thrilled to join forces with them in delivering these innovative solutions.”
“Working with Phenix, the leader in real-time, scalable streaming delivery, allows Amagi to offer clients a full solution, including the industry’s first server-side ad insertion in real time. We can’t wait to see how customers deploy these workflows for next-generation OTT streaming,” said Richard Perkett, Chief Product Officer at Amagi.
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Representatives from all the companies will be attending Amagi’s LA FAST 2024 conference on Oct. 1. More information is available at www.amagi.com/events/la-fast.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About Phenix
As the leader in delivering interactive video at scale, Phenix powers innovative digital experiences that drive acquisition, engagement and retention for some of the world’s biggest brands. Its patented technology is essential for delivering content in real-time that engages audiences with interactive experiences and generates revenue for sportsbooks, sports and gaming properties as well as broadcasters with real-time video streaming to global audiences at broadcast scale. Trusted with streaming video for world-class events like The Oscars, Cheltenham Festival and the Super Bowl, Phenix brings proven experience delivering video to mass audiences for the world’s largest events.
Phenix is headquartered in Chicago, Illinois, with offices in California and Europe. More information is available on the Phenix website or follow them on Twitter and LinkedIn.
About Bitmovin
Bitmovin is the leading provider of video infrastructure for global digital media companies and service providers. The company has been at the forefront of industry innovation and all major developments in the digital video streaming industry. 
Bitmovin built the world’s first commercial adaptive streaming player and deployed the first software-defined encoding service that runs on any cloud platform. Its cloud-native technology offers the most flexible and scalable media encoding, playback, and analytics solutions available with unparalleled device reach, ease of integration, and world-class customer support.
Bitmovin customers benefit from optimized operations, reduced time-to-market, and the best viewer experience possible. Bitmovin is headquartered in Denver, Colorado, and has major offices in Vienna, Klagenfurt, Austria as well as London and Berlin. The company has over 400 customers across the globe, including ClassPass, BBC, fuboTV, Hulu, and Discovery.
More information is available at www.bitmovin.com
Photo: https://mma.prnewswire.com/media/2519499/Amagi_and_Phenix_partner.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/amagi-and-phenix-partner-to-bring-next-gen-low-latency-and-seamless-ad-insertion-for-the-ultimate-viewer-experience-302262768.html

Continue Reading

Trending