China Investment Opportunities of Big Data Technology Market

The China investment opportunities of big data technology market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing adoption of big data technology that offers critical insights into the country’s highly valued consumer industry.

Big data is a combination of structured and unstructured data. Big data analytics (BDA) is a complex process of examining large and diverse data, which uncovers information that includes hidden patterns, unknown correlations, market trends, and customer preferences that can aid enterprises to build informed business decisions. It is analytics that involves complex applications and includes predictive models, statistical algorithms, and what-if analysis backed by high performance analytics systems.

Data technologies and techniques provide organizations platforms to analyze data sets and gather new information. Big data technology is a form of advanced analytics, which includes applications with elements powered by analytics systems. This technology assists China-based firms to engage in high-value economic activities. Big data handles data loads efficiently and provides vital information for companies competing in the marketplace.

Market Trends, Drivers, Restraints, and Opportunities

• High potential of big data technology to revolutionize China economy is anticipated to boost the market growth.
• Rising labor costs in China is anticipated to hamper the market growth during the forecast period.
• Rapid growth in the digitization is expected to positively influence the growth of the market.
• Increasing R&D investments and ongoing technological advancements in big data technology are expected to offer opportunities for the market expansion.

Scope of the Report

The report on the China investment opportunities of big data technology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

China Investment Opportunities of Big Data Technology Market Segment Insights

Cloud segment to account a large market share

Based on deployments, the market is divided into on-premise and cloud. The cloud segment is expected to constitute a large market share during the forecast period. Cloud-based big data security solutions provide a cost-effective way for businesses in different industries to improve their security. Most important factors influencing the adoption of cloud-based security solutions over on-premises security solutions is pricing.

 Large enterprises to dominate the market

On the basis of enterprise sizes, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprise segment is projected to dominate the market in the coming years owing to adoption of latest technology. On the other hand, the SMEs segment is expected to exhibit a high CAGR owing to increasing adoption of cloud-based solutions.

Customer analytics segment to register a high CAGR

In terms of solutions, the market is segregated into customer analytics, fraud detection & management, operation intelligence, predictive maintenance, and asset management. The customer analytics segment is expected to expand at a high CAGR during the forecast period, as it holds significant contribution in various industries such as BFSI, automotive, and healthcare. The retail sector also requires customer analytics solutions owing to increasing competition in the market space.

Manufacturing & automotive segment to exhibit a robust CAGR

Based on end-user industries, the market is classified as BFSI, healthcare, retail, manufacturing & automotive, aerospace & defense, IT & telecommunication, and government. The manufacturing & automotive segment is anticipated to expand at a robust CAGR during the forecast period owing to increasing use of sales data to merge with solutions to target potential customers. The computer manufacturing company Lenovo is making efforts to drive China's manufacturing enterprises to modify and upgrade due to its experience in manufacturing and big data technologies. Organizations in China are collaborating in areas such as car design & development and smart manufacturing, which is driving the segment growth.