The Global big data market is estimated to be worth $46 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)” categorises the global big data market into various sub segments providing an in-depth analysis and predictions of revenues. It recognises drivers & restraints for this market with insights into 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), Asia-Pacific (APAC), Middle East & Africa (MEA) and Latin America (LA).
The steady growth of consumer and machine data, demand of big data applications and growth of unified appliances are key in shaping the future of big data market. There are Big Data technology and solutions are available in market, but are complex and difficult to integrate into existing systems. The emerging professional and integration services would address the issue. A large number of enterprises are expected to enter the market through strategic collaborations and venture capital funding.
There is an ever-present requirement within businesses to constantly upgrade their processes, performance and efficiency. The uninterrupted addition of raw, unstructured data and the demand to provide advanced & predictive analytics are recurring topics that need addressing. Companies providing hardware and software IT solutions are looking forward to gain a competitive edge in this growing market, ergo, creating advanced analytical solutions and data management platforms for the enterprises.
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(Image credit: Dave Barger)
I like that “Market Research Reveals Big Data to be Worth $46 Billion by 2018”, but we should know that most Big Data platforms are lacking the mandatory security that we find in traditional computer systems and database environments.
There is also a shortage in Big Data skills and an industry-wide shortage in data security personnel, so many organizations don’t
even know they are doing anything wrong from a security and compliance perspective:
1. I think a big data security crisis is likely to occur very soon and few organizations have the ability to deal with it.
2. We have little knowledge about data loss or theft in big data environments. The tools are not available today.
3. I imagine it is happening today but has not been disclosed to the public. The tools are not available today.
The good news is that some organizations are proactive and successfully using new approaches to address issues with security and privacy in Big Data environments.
New security approaches are required since Big Data is based on a new and different architecture.
Big Data technology vendors up until recently have often left data security up to customers to protect their environments, as they too feel the burden of limited options. Today, vendors such as Teradata, Hortonworks, and Cloudera, have partnered with data security vendors to help fill the security gap.
Ulf Mattsson, CTO Protegrity