Big Data a $30 billion market in 2014, says SNS Research report
DUBAI, UAE. 10th June 2014: SNS Research's latest report indicates that global spending on Big Data technology is expected to reach nearly $30 Billion by the end of 2014.
Originally used as a term to describe datasets whose size is beyond the ability of traditional databases, the scope of Big Data has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.
Amid the proliferation of real time data from sources such as mobile devices, web, social media, sensors, log files and transactional applications, Big Data has found a host of vertical market applications, ranging from fraud detection to R&D.
Despite challenges relating to privacy concerns and organizational resistance, Big Data investments continue to gain momentum throughout the globe. SNS Research estimates that Big Data investments will account for nearly $30 Billion in 2014 alone. These investments are further expected to grow at a CAGR of 17% over the next 6 years.
The “Big Data Market: 2014 – 2020” report presents an in-depth assessment of the Big Data ecosystem including key market drivers, challenges, investment potential, vertical market opportunities and use cases, future roadmap, value chain, case studies on Big Data analytics, vendor market share and strategies.
The report also presents market size forecasts for Big Data hardware, software and professional services from 2014 through to 2020. Historical figures are also presented for 2010, 2011, 2012 and 2013. The forecasts are further segmented for 8 horizontal submarkets, 15 vertical markets, 6 regions and 34 countries.
The report will be of value to current and future potential investors into the Big Data sector, as well as enterprise IT vendors, vertical enterprises, analytic platform specialists and infrastructure/device/software vendors who wish to broaden their knowledge of the ecosystem.
For further information concerning the SNS Research report "The Big Data Market: 2014 – 2020" please visit: http://www.snstelecom.com/bigdata
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About SNS Research
SNS Research is one of the most foremost market intelligence and consulting firms for the worldwide telecommunications industry, with a particular focus on wireless infrastructure and mobile devices. Developed by leading industry analysts our market intelligence and consultancy services provide unique insights to the global telecommunications industry with information ranging from niche details of mobile handset models to tracking to large network infrastructure contracts and cellular network operator metrics. Whether your focus is strategic decision making, service development, investment or marketing, our services will allow you to make optimal decisions with self-assurance.