Blockchain Press Releases
Big Data Market size worth USD 399.3 Billion, Globally, by 2030 at 13.9% CAGR: Verified Market Research®
The “Global Big Data Market Size By Deployment Type, By Component, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Big Data Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Aug. 14, 2023 /PRNewswire/ — The Global Big Data Market is projected to grow at a CAGR of 13.9% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 160.3 Billion in 2022 and is expected to reach USD 399.3 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=1893
Browse in-depth TOC on “Big Data Market“
202 – Pages
126 – Tables
37 – Figures
The Evolving Landscape of Big Data Technology: Insights, Market Drivers, and Key Players
The domain of big data technology is undergoing a paradigm shift driven by the integration of advanced technologies such as machine learning, artificial intelligence, and data analytics. These dynamics are altering the trajectory of the Big Data Market, propelling it towards a future of unprecedented growth and innovation.
Big data, characterized by its exponential growth and diverse datasets, is rapidly gaining prominence across industries. This market growth is attributed to its multifaceted benefits in decision-making, operational efficiency, and consumer experience enhancement. The increasing adoption of big data technology is bolstered by rising investments from governments and industries in diverse technical projects. Additionally, the proliferation of transformative technologies like cybersecurity, the Internet of Things (IoT), and 5G infrastructure initiatives further accelerates Big Data Market growth.
The convergence of big data technology with machine learning, artificial intelligence, and data analytics is revolutionizing the landscape. This amalgamation is empowering organizations to visualize complex data and derive actionable insights, leading to more precise strategic initiatives and management decisions. The incorporation of these technologies enhances the visualization capabilities of big data, making intricate data more accessible through compelling visual representations. Machine learning tools, combined with data analytics, enable businesses to analyze structured and unstructured data, resulting in targeted customer interactions.
Key Players and Competitive Landscape
The Big Data Market growth is buoyed by a spectrum of industry leaders. Prominent players including Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP, Amazon Web Services, SAS Institute, Hewlett Packard Enterprise, Dell Technologies, Teradata, and Splunk are defining the competitive landscape. These key players are continuously advancing big data solutions with analytics capabilities to elevate the consumer experience. Their innovative strategies and development initiatives are reshaping the market, positioning them at the forefront of technological advancement.
In the evolving landscape of big data technology, market share and ranking analysis play a pivotal role in understanding industry dynamics. The aforementioned key players have established their market dominance through innovative product offerings, strategic partnerships, and a deep understanding of customer needs. Their commitment to driving technological innovation sets the stage for enhanced market positioning and leadership.
Conclusion
The trajectory of Big Data Market is set to soar higher, driven by the convergence of transformative technologies and the continuous development of advanced solutions by key players. As the industry undergoes rapid transformation, businesses and consumers alike can expect heightened decision-making capabilities, improved operational efficiency, and an enriched overall experience.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Big Data Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Big Data Market into Deployment Type, Component, End-User, And Geography.
- Big Data Market, by Deployment Type
- Cloud
- On-Premise
- Big Data Market, by Component
- Software
- Big Data Analytics
- Data Discovery and Visualization
- Others
- Services
- Consulting and system integration
- Training and support
- Others
- Big Data Market, by End-User
- BFSI
- IT and Telecommunication
- Academic and Research
- Government and Defense
- Healthcare and Life Sciences
- Retail and Consumer Goods
- Media and Entertainment
- Others
- Big Data Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Blockchain
Hong Kong joins global crypto ETF race
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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