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Survey Says Global Big Data Business To Touch US $48.3 Billion By 2018

Tuesday, July 23, 2013

The global big data market worth US $6.3 billion in 2012 was expected to touch US $48.3 billion by 2018 at a CAGR of 40.5 per cent from 2012 to 2018.

This was the main find of a new market report published by Transparency Market Research on ‘Big Data Market – Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012 – 2018’. The growth, said the report, would come mainly from North America, which in terms of revenues till 2018, would maintain its lead with about 54.5 per cent share of the global big data market revenue, followed by Europe.

Big Data is a relatively new field and refers in general to the humungous amounts of unstructured data that is being generated across almost all business sectors today. Because of this, new tools and technologies are being developed to manage Big Data.

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Source: Tools Journal

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