Global Big Data Market Research Report

The global big data market is expected to grow from $14.87 billion in 2013 to $46.34 billion by 2018 at an estimated CAGR of 25.5%, during the forecast period. Rapid increase in data generation from different industry verticals is one of the major factors driving this market.

Big Data is a term used to describe the process of collecting, organizing, and analyzing large sets of data to discover hidden patterns, unknown correlations, and other useful information. Big Data helps you understand the information contained within the data and helps identify that which is most important for future business decisions.

Big data has become an essential factor for the success of business in various verticals. Many developing countries such China, Brazil, and France are also focusing on adopting this new technology. The major driving force of this technology is the rising unstructured data from several sources and the constant need of enterprises to optimize large workloads of data to enhance the overall efficiency of system. However, there are few restraints in the advancement of this technology such as lack of skilled personnel and lack of security measures and solutions. However, with the extensive efforts of large vendors in the ecosystem, they have established advanced training and learning centers, and have launched various certification courses to cater to these issues.

Region-specific MicroMarketMonitor reports on this market provide competitive benchmarking of leading players in the industry such as IBM, HP, Dell, Oracle, Teradata, and others in terms of their product offerings, key strategies, and operational parameters. They include market trends, overall adoption scenarios, competitive landscape, and key drivers, restraints, and opportunities in this market across different segments.