Big Data Analytics for Test and Measurements Market Analysis, Demand, Key Players and Trends by 2023
The
growing mobile access to internet and continuing upsurge in the relevance of
social media are some of the other factors, driving the growth of the
global big
data analytics for test and measurement market. The huge amount of data
generated from social media websites, such as Facebook, Whatsapp, and Hangouts
in form of pictures, videos, and photos is stored in the cloud, and can be
accessed from multiple devices which have internet connectivity.
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Big
data refers to the growing volume, complexity, velocity, variety, and
variability of information. Further, it refers to the challenges, competencies,
and capabilities related with analyzing and storing huge sets of data to
support accurate and timely decision making. For marketing administrations, big
data is the consequence of new marketing landscape, originating from the
digital world.
The
advancements in internet of things is a significant driver for the growth of
the global market. The Internet of Things (IoT) refers to the interconnection
of computing devices with the existing internet structure. IoT and big data
continue to grow simultaneously; however as the internet of things continue to
evolve, the need for big data analytics testing and measurement services
continue to upsurge.
An
opportunity in the big data analytics for test and measurement market lies in
the adoption of cloud computing services. As cloud computing services continue
to grow, the increase in number of testing and measurements of critical factors
of the big data analytics are anticipated to hold large share in the market.
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North
America accounted for major share in the global market; and Asia-Pacific is
expected to witness high growth in the near future. Spirent Communications,
NetScout Systems Inc., Guavus Inc., Gigamon Inc., ASTELLIA S.A., Viavi
Solutions Inc., EXFO Inc., Ixia, Empirix, Anritsu Corporation are some of the
competitors in the global big data analytics for test and measurement market.
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