DUBLIN--(BUSINESS WIRE)--The "Latin American Big Data and Analytics Market, Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Latin American Big Data and Analytics (BDA) market generated revenues of US$2.992,5 million in 2017, and is expected to reach US$ 8.593,5 million by 2023, representing a CAGR of 19.2%.
Big Data and Analytics help organizations make proactive real-time decisions using data. This enables companies to improve customer experience, especially as customer loyalty is now low and access to information in high; better understand customers; and be able to quantify it crucial for competitive advantage. The BDA market is gaining traction in the Latin American region. Companies of all verticals are becoming more familiar with the concepts and the benefits of implementing BDA solutions.
The Latin American BDA market is still in its growth stage. Many industry verticals are already open to proofs of concept, integrating key applications, such as enterprise resource planning (ERP) and customer relationship management (CRM) software platforms, with a higher capacity of storage, processing, and analysis. The exponential growth of data has forced companies to rethink their capacity to use such data to make more intelligent decision in real time. This, in turn, has led to the implementation of new data solutions such as data forecast, visualization and dynamic data decision.
New technologies and business models will have an important role in the growth of the Big Data Analytics services market, especially those related to Internet of Things (IoT). Analytics can offer insights through predicting, monitoring, and scrutinizing the collected data through efficient mining algorithms. It is thus expected to improve efficiencies related to, for example, inventory management, sales, and continuous monitoring of devices.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Drivers And Restraints - Total Big Data And Analytics Market
4. Forecasts And Trends - Total Big Data And Analytics Market
5. Market Share And Competitive Analysis - Total Big Data And Analytics Market
6. Growth Opportunities And Companies To Action
7. Country Analysis
8. The Last Word
- Alcatel Lucent
- NICE Systems
- Next IT
For more information about this report visit https://www.researchandmarkets.com/research/vdwzt9/latin_american?w=4