WESTFORD, Mass., July 17, 2024 /PRNewswire/ — According to SkyQuest, the global Big Data Analytics Market size was valued at USD 272.80 billion in 2022 and is poised to grow from USD 309.35 billion in 2023 to USD 845.97 billion by 2031, growing at a CAGR of 13.40% during the forecast period (2024-2031).

Furthermore, the enormous advancements in computing, the abundance of data, and the infrastructure that makes knowledge creation possible have all contributed to the growing popularity of big data analytics. By applying analytics to big data, various businesses can establish enormous opportunities to gain numerous insights with better future outcomes. Big data utilization is helping the major global firms beat their rivals in a variety of industries. Proactive leaders started utilizing big data analytics to rapidly develop their companies. The effects of mastering big data will include improved competitive advantage for long-term investments and extraordinary capacity.
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Big Data Analytics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$309.35 Billion
Estimated Value by 2031
$845.97 Billion
Growth Rate
Poised to grow at a CAGR of 13.40%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Data Type, Enterprise Type, Application, Business Function, Industry Vertical and Region
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Advancements in computing and data infrastructure have popularized big data analytics
Key Market Opportunities
Increasing demand for comprehensive data integration and advanced analytics tools
Key Market Drivers
Predictive analytics for enhanced outcomes and cost management
Segments covered in Big Data Analytics Market are as follows:
ComponentHardware (servers, storage devices, networking equipment, and data centers), software (credit risk management, business intelligence solutions, CRM Analytics, compliance analytics, workforce analytics, and others), services (consulting services, system integration services, and managed services).Enterprise TypeLarge enterprises, small & medium enterprises (SMEs).ApplicationData discovery & visualization (DDV), advanced analytics (AA), othersIndustry VerticalBFSI, automotive, telecom/media, healthcare, life sciences, retail, energy & utility, government, othersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/big-data-analytics-market
Harnessing Big Data Analytics Components for Enhanced Operational Efficiency and Strategic Advancement
Within the field of big data analytics, components come in a variety of forms, such as data management systems, analytics tools (like Tableau), processing frameworks (like Hadoop), and data storage systems. There is efficient handling of big data that occurs through integration, hence enabling companies in a couple of industries to gain competitive edges and operational insights.
Business intelligence solutions facilitate thorough data integration, analysis, and decision-making, which is why they are essential to the worldwide big data analytics industry. In this era, data-driven ideas are encouraged by these solutions to foster innovation across all industries. Moreover, they will enhance efficiency in operations and assist in strategy execution.
The consulting, implementation, and support services necessary for implementing and optimising analytics solutions are included in the services category of the global big data analytics industry. These services ensure that big data investments generate maximum profit and business strategies evolve continuously by using analytics programmes efficiently, responding to business demands, and providing ongoing support.
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Unveiling Industry Verticals and the Evolution of Custom Analytics Solutions
In the worldwide big data analytics market, industry verticals refer to particular industries, such manufacturing, healthcare, finance, and retail, that use analytics to optimise operations and obtain new insights. The increased competitiveness in these sectors that foster innovation and streamline operations in turn necessitate the personalized data insights solutions.
The global big data analytics market is dominated by the BFSI (Banking, Financial Services, and Insurance) industry, which uses data analytics to improve client experiences, better manage risks, identify fraud, and maximise operational savings. Big Data analytics drives innovation, improves compliance and facilitates strategic decision-making in the finance sector. Consequently, such merits ensure sustainable expansion and outdo competitors in a market dominated by information.
The healthcare segment plays a crucial role in the global big data analytics industry, as it leverages analytics for enhanced patient care, operational efficiency and research. This transformation of healthcare delivery is driven by big data analytics, leading to improved patient care and induced innovative treatments. Additionally, it enables predictive analytics for personalised medicine, improves clinical outcomes, reduces costs and makes population health management easier.
Unveiling Industry Dynamics and Strategic Insights in the Big Data Analytics Frontier
Big data analytics is becoming a vital component of contemporary company strategy thanks to the advancements in computing and data infrastructure. Businesses which use analytics can benefit through getting deep insights, improving their competitive edge as well as spurring innovation. Data analytics are used by many healthcare innovators in offering personalized care or aiding research while for many BFSI leaders it has been a vital tool in enhancing customer experience by reducing risks. Tailored solutions to many issues such as enhancing customer service have contributed significantly to the growth of different sectors like manufacturing and retail.
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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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— As Council’s Newest Associate Participating Organization, SequenceShift to Contribute to The Development of PCI Security Standards—
SYDNEY, July 17, 2024 /PRNewswire/ — SequenceShift, a global leader in Payment Card Industry (PCI) Compliance solutions for Amazon Connect Contact Centers, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Associate Participating Organization. SequenceShift will work with the PCI SSC to help secure payment data worldwide through the ongoing development and adoption of the PCI Security Standards. 

The PCI SSC leads a global, cross-industry effort to increase payment security by providing flexible, industry-driven, and effective data security standards and programs. Global industry collaboration is critical to this mission. The Council’s Participating Organizations program brings together industry leaders to strategize about how to protect payment data from the latest threats and to anticipate the needs of an ever-changing payment ecosystem.
As an Associate Participating Organization, SequenceShift adds its voice to the standards development process and will collaborate with a growing community to improve payment security worldwide. SequenceShift will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council and share cross-sector experiences and best practices at the annual PCI Community Meetings.
“In an era of increasingly sophisticated attacks on systems, PCI Security Standards and resources help organizations secure payment data and prevent, detect and mitigate attacks that can lead to costly data breaches,” said Gina Gobeyn, Executive Director of the PCI Security Standards Council. “By joining as an Associate Participating Organization, SequenceShift has the opportunity to play an active part in improving payment security globally by helping drive awareness and adoption of PCI Security Standards.”
“Becoming an Associate Participating Organization with the PCI Security Standards Council is a significant milestone for SequenceShift. We are committed to advancing payment security standards and protecting sensitive data globally. By collaborating with the PCI SSC and industry leaders, we aim to leverage our expertise in PCI compliance for Amazon Connect contact centers. This partnership enables us to contribute to developing robust security standards and share best practices, ultimately enhancing the security of the entire payment ecosystem.”
— Dmitri Muntean, CEO, SequenceShift
About the PCI Security Standards Council 
The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible and effective data security standards and programs that help businesses detect, mitigate and prevent cyberattacks and breaches. Connect with the PCI SSC on LinkedIn. Join the conversation on X (formerly Twitter) @PCISSC. Subscribe to the PCI Perspectives Blog. Listen to the Coffee with the Council podcast.  
About SequenceShift:
SequenceShift is a global leader in PCI compliance solutions, recognized for its innovative and customer-focused services, streamlining the secure handling of payments in Amazon Connect contact centers globally. With its swift and effortless integration, AWS alignment, and commitment to transparency with pay-as-you-go pricing, SequenceShift continues redefining payment security standards in the digital age. Connect with SequenceShift on LinkedIn.
Media contacts
SequenceShift      
PCI Security Standards Council
Website
Alicia Malone
+61 2 9163 3917
781-876-8917
[email protected]
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CHICAGO, July 17, 2024 /PRNewswire/ — The digital radar market is projected to grow from USD 5.9 billion in 2024 and is expected to reach USD 13.7 billion by 2029, growing at a CAGR of 18.2% from 2024 to 2029 according to a new report by MarketsandMarkets™. The integration of digital radar in defense operations is one of the key factors leading to emergence of digital radar technologies. The effective detection and response to possible threats is made possible by the presence of a strong knowledge of the situation in the military. Modern radar technology is able to detect many different objects because of its high accuracy and comprehensive view, regardless of the place and mission. Since digital radar employs cutting-edge algorithms of signal processing and employs high-resolution images, it is one of the best systems that can offer better accuracy or reliability as far as detection and tracking of objects both airborne and surface are concerned.

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Browse in-depth TOC on “Digital Radar Market” 100 – Tables60 – Figures240 – Pages
Digital Radar Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 5.9 billion
Estimated Value by 2029
$ 13.7 billion
Growth Rate
Poised to grow at a CAGR of 18.2%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Dimension, Application, Vertical and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Electromagnetic jamming and interface issue
Key Market Opportunities
Growth of unmanned aerial vehicles
Key Market Drivers
Rising demand of digital radar for enhanced weather detection and monitoring
Active digital radar market is expected to witness higher CAGR during the forecast period.
Active segment is expected to witness a higher CAGR during the forecast period in the digital radar market. Due to their groundbreaking functionality, active radars are receiving high public demand. These functions include border security, air traffic control, and military operations. Moreover, the application of active radars has been boosted by improvement in radar technology which include better signal processing and increased detection range as well as higher resolution.
The 2D & 3D segment in the digital radar market is expected to capture a higher share during the forecast period.
2D & 3D radars have experienced rapid growth due to a few important features such as less complicated design, comprehensive detection, and improved accuracy. Such features contribute to their use within safety control, monitoring systems and military machinery. In order to enhance competitiveness within the market; some participants in the 2D & 3D digital radar ecosystem have taken up organic growth strategies such as product developments and partnerships.
Automotive is expected to witness the highest CAGR in the digital radar market during the forecast period.
The automotive segment is expected to witness the highest growth in the digital radar market during the forecast period. 4D radars in autonomous vehicles produces higher-resolution images from which more detailed speed, range, height, and depth information can be obtained. Consequently, the improved performances enable the sensor to enhance its object detection and classification under adverse atmospheric conditions, such as fog, rain or darkness. The market is expanding quickly because of the rising need for ADAS and autonomous driving features of cars. The increase is due to greater attention paid to vehicle safety as well as an improved self-driving technology.
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North America is expected to hold the largest share of the digital radar market during the forecast period.
North America dominates in the digital radar industry driven by substantial investments in military & defense advancement, and rapid adoption of new motorcar safety technologies. These factors help promote the development of the region’s main players like defense giants and in technical innovations. Leading companies such as Lockheed Martin Corporation (US), Northrop Grumman (US), and RTX (US) are pivotal in driving this market in North America.
Key Players
Leading players in the digital radar companies include Lockheed Martin Corporation (US), Thales (France), Indra (Spain), Leonardo S.p.A. (Italy), Bharat Electronics Limited (India), Advanced Micro Devices, Inc. (US), Magna International Inc. (Canada), NXP Semiconductors (Netherlands), Saab AB (Sweden), and Uhnder (US), Israel Aerospace Industries (Israel), BAE Systems (UK), Elbit Systems Ltd. (Israel), Vayyar (Israel), Arbe (Israel), Ainstein Radar Systems (US), Oculii (US), Spartan Radar, Inc. (US), Cubtek Inc. (Taiwan), ASELSAN A.S. (Turkiye), Teledyne FLIR LLC (US), Echodyne Corp (US) Bitsensing (South Korea), RFISee (Israel), Gapwaves AB (Sweden) are few other key companies operating in the digital radar market.
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