Big Data refers to a massive volume of both structured and unstructured data that is so large that it is difficult to process using traditional database and software techniques. While the presence of such datasets is not something new, the past few years have witnessed immense commercial investments in solutions that address the processing and analysis of Big Data. Big Data opens a vast array of applications and opportunities in multiple vertical sectors including, but not limited to, retail and hospitality, media, utilities, financial services, healthcare and pharmaceutical, telecommunications, government, homeland security, and the emerging industrial Internet vertical.
Despite challenges, such as the lack of clear big data strategies, security concerns and the need for workforce re-skilling, the growth potential of Big Data is unprecedented. Mind Commerce estimates that global spending on Big Data will grow at a CAGR of 46% between 2015 and 2020. Big Data revenues will reach almost $190 Billion by the end of 2020.
This report provides an in-depth assessment of the global Big Data market, including a study of the business case, application use cases, vendor landscape, value chain analysis, case studies and a quantitative assessment of the industry with forecasting from 2015 to 2020.
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