Fusionex, a leading data technology provider, was recognized as a key global player offering Big Data solutions and services in the latest MarketsandMarkets 2020 report. Fusionex is the only ASEAN company to be cited in the report.
The market research firm’s comprehensive report analyzes Big Data Market by Component, Deployment Mode, Organization Size, Business Function (Operations, Finance, and Marketing and Sales), Industry Vertical (BFSI, Manufacturing, and Healthcare and Life Sciences), and Region – Global Forecast to 2025 states that the Big Data market is forecasted to grow in size from USD138.9 billion in 2020 to USD229.4 billion by 2025.
“We are honored that Fusionex has been recognized in MarketsandMarkets’ Global Big Data Market report as we have been committed to driving digital transformation for businesses through the power of our Big Data platform and solutions. Fusionex’s strong capabilities in data technology has helped address our clients’ evolving digital needs, and solve their data related challenges,” said Fusionex Group CEO Dato’ Seri Ivan Teh.
Also recognized in the report as major international Big Data services and solutions providers are Microsoft (US), Teradata (US), IBM (US), Oracle (US), SAS Institute (US), Google (US), Adobe (US), Talend (US), Qlik (US), TIBCO Software (US), Informatica (US), Cloudera (US), Palantir Technologies (US), Hitachi Vantara (US), Information Builders (US), Fusionex (Malaysia), Splunk (US), AWS (US), Alteryx (US), 1010data (US), Sisense (US), SAP (Germany), Salesforce (US), Micro Focus (UK), HPE (US), MicroStrategy (US), ThoughtSpot (US), and Yellowfin (Australia).
When including Fusionex in the report, MarketsandMarkets took into account key technology players that are capitalizing on major Big Data growth factors including heightened awareness of the Internet of Things devices among organizations, upsurge in availability of data across organizations to gain deeper insights to remain competitive, and increased government investments in various regions for enhancing digital technologies.
“This recognition validates the strides we have made in providing innovative-driven solutions that continue to make an impact in aiding organizations and enterprises overcome even the most complex digital challenges, by turning them into opportunities,” said Teh.
The MarketsandMarkets report stated that numerous companies are implementing big data solutions and services to evaluate their internal processes and enhance operations. Big data implementation assists companies to strike the right balance between operational cost, speed, flexibility, and quality. The big data analytics segment is also expected to hold the largest market size during the forecast period.