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)

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