EUROPE BIG DATA IN E-COMMERCE MARKET 2019-2028

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  MARKET OUTLOOK A Triton Market Research report determined that the European Big Data in e-commerce market is estimated to surge at a CAGR of 11.26% over the projected period 2019-2028. The United Kingdom, France, Italy, Russia, Germany, Spain and the Rest of Europe comprise the Big Data in e-commerce market in Europe.
As data has become an essential asset for corporations, the European Union (EU) Commission has launched several initiatives to use and re-use Big Data. Every sector, primarily e-commerce, is producing a large amount of information.
This is driving the application of Big Data tools for gaining an insightful analysis of these huge amounts of data. Several European organizations are increasingly investing in Big Data initiatives.
The EU Commission is formulating different initiatives to promote the growth of Big Data technology by emphasizing on the advancement of required infrastructure facilities. Favorable government initiatives are likely to propel the Big Data in e-commerce market in Europe over the coming years.
https://www.tritonmarketresearch.com/reports/europe-big-data-in-e-commerce-market#request-free-sample Approximately 10.6% of the global internet users are Europeans, which is a major data generating factor. Popular social media platforms, including Twitter, Facebook, Instagram, Youtube and Pinterest, are increasingly used by the customers in this region.
The tremendous utility of these platforms are responsible for generating large amounts of unstructured data. It needs appropriate tools to manage these data and make it useful for the e-commerce sector.
Since Big Data is one such tool, there is a high scope for the market growth in Europe in the forecasted period. COMPETITIVE OUTLOOK Some of the players operating in the Big Data in e-commerce market are Splunk Inc, SAS Institute Inc, SAP SE, Cloudera Inc, Microsoft Corporation, Guavus Inc, Teradata, Oracle, Amazon Web Services Inc, Hitachi Ltd, Palantir Technologies and Hewlett Packard Enterprise Development LP.
Article Tags: E-commerce Market Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making.  .