Big Data Market Big Data Market worth $46.34 Billion by 2018
Big Data Market worth $46.34 Billion by 2018
The report "Big Data Market By Types (Hardware? Software? Services? BDaaS HaaS? Analytics? Visualization as
Service)? By Software (Hadoop, Big Data Analytics and Databases, System Software (IMDB, IMC): Worldwide
Forecasts & Analysis (2013 – 2018)" segments the global big data market in to various sub segments with
indepth analysis and forecasting of revenues. It also identifies drivers & restraints for this market with insights in
to trends, opportunities and challenges. MarketsandMarkets had segmented the big data market by types or
components: hardware, software, services and cloud services? by verticals? by regions? North America (NA),
AsiaPacific (APAC), Middle East & Africa (MEA) and Latin America (LA).
Browse 136 market data tables and 33 figures spread through 246 pages and indepth TOC on “Big Data
Market By Types (Hardware? Software? Services? BDaaS HaaS? Analytics? Visualization as Service)? By
Software (Hadoop, Big Data Analytics and Databases, System Software (IMDB, IMC): Worldwide Forecasts &
Analysis (2013 – 2018)”.
http://www.marketsandmarkets.com/MarketReports/bigdatamarket1068.html
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The constant rise in consumer and machine data, demand of big data applications and growth of unified
appliances are playing a major role in shaping the future of big data market. Even though there are number of big
data technology and solutions available in market, but the solutions are complex and difficult to integrate. The
emerging professional and integration services would address the issue. It is expected that large number of
vendors would enter the market through strategic collaborations and venture capital funding.
The major forces driving in this market is the constant need among enterprises to upgrade their business
processes and enhance performance and efficiency. Also the other forces are continuous rise of unstructured
data? demand to provide advanced & predictive analytics. Companies providing hardware and software IT
solutions are looking forward to gain a better competitive advantage in this growing market, thereby creating
sophisticated analytical solutions and data management platforms for the enterprises.
The Global big data market is estimated to be $14.87 billion in 2013 and expected to grow to $46.34 billion. This
represents an estimated Compounded Annual Growth Rate (CAGR) of 25.52% from 2013 to 2018. In the current
scenario, the services segment continues to be the largest segment, in terms of consulting and integration &
deployment services. The software segment is expected to grow at an estimated Compounded Annual Growth
Rate (CAGR) of 28.7%. In terms of Regions, North America is expected to be the biggest market on the basis of
revenue and adoption of big data technology & solutions. MarketsandMarkets further expects that the increasing
big data market in the developing economies will further enhance the growth of overall market.
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