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Fior Markets launched a study titled “Global Big Data and Data Engineering Services Market by Service Type (Data Modeling, Data Integration, Others), Business Function, Organization Size, Industry, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

The global big data and data engineering services market is expected to grow from USD 32.45 Billion in 2017 to USD 123.89 Billion by 2025, at a CAGR of 18.2% during the forecast period from 2018-2025. Rising awareness to follow regulations and policies and increase in demand of deployment in small-/medium-scale businesses are the two factors which are expected to drive the market.

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Data integration segment is growing at the highest CAGR of 22.4% in the forecast period

The service type is classified into data modeling, data integration, data quality and analytics.

The ghe highest CAGR 22.4% of in big data and data engineering services market.  It is due to rising need for integrating data from different data sources across organizations

Marketing and sales segment is expected to dominate the market with the share of 18.90%

Business function is segregated into marketing and sales, finance, operations, human resources and legal. Marketing and sales segment is expected to dominate the market with the share of 18.90% over the forecast period.  The rising need to check and estimate the marketing and sales data for efficient decision –making process across industries is deriving the growth of the market.

Small and medium-sized enterprises segment is dominating the market with a value of USD 18.46 Billion in 2017

Organization size is divided into large enterprises, small and medium-sized enterprises. The small and medium-sized enterprises is dominating the market in 2017. The market provides numerous opportunities which include new business proposals and increasing amount of data across Small and Medium-Sized Enterprises (SMEs).

The banking, financial services and insurance segment is dominating the market with a market share of 19.90% in 2017

The Industry is segmented into banking, financial services and insurance, healthcare and life sciences, retail and ecommerce, manufacturing, media and telecom, government and others. The banking, financial services and insurance segment is dominating the market with the highest market share in 2017 because of rising need to reduce the workload and efficient decision making process.

Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately 32.60% in 2017 North America region is dominating the market because of the technological advancements and prominent implementation of big data and data engineering services in the region.

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Competitive Analysis:

The major players of market include Accenture, Genpact, Cognizant, Infosys, Capgemini, NTT DATA, Mphasis, L&T Technology Services, Hexaware, Happiest Minds, KPMG, EY, Tiger Analytics, LatentView Analytics, InfoStretch, Vensai Technologies, Course5 Sigmoid, Nous Infosystems, Bodhtree, Hidden Brains InfoTech, Brillio, Franz Inc., BRIDGEi2i, and Trianz.

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