Global Big Data Market To Witness An Accelerated Growth

By CIOReview | Tuesday, January 28, 2014

New York: Global Big Data Market is anticipated to grow at a CAGR of 34.17 percent from 2014-2018, reports TechNavio, a leading technological and advisory company based in London.

One of the key factors of this market growth is the evolution of businesses that create new challenges that encourages firms to make better products at a cheaper rate. Aiming at market growth, most of the companies upgrade their business process and productivity. A better analysis of Big Data and market consolidation play a vital role in the growth of market. Big Data helps companies to track their consumer’s behavior and attitude towards their products and can thereby make desirable changes in them which in turn lead to market growth. Market consolidation is also yet another catalyst for market growth wherein a smaller company will restore its power by its acquisition with a larger and financially sound company.

TechNavio report is based on in-depth interviews of industry experts, vendors, resellers and customers. It covers all major geographical areas like Americas, EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions and also carries a discussion of the key vendors in the market like Hewlett-Packard Co, IBM Corp, Oracle Corp, and Teradata Corp.

The report also answered several questions revolving around the market like the market size, challenges, and key trends and about key vendors in the market space.