When it comes to Big Data Market, it is indispensable to recall that, 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 scientific R&D.
It is steadily interesting to observe that, despite challenges relating to privacy
concerns and organizational resistance, Big Data investments continue to gain
momentum across the world.
Research and
Markets estimates that Big Data
investments will account for over $46 Billion in 2016 alone.
The firm believes that, the market is ripe for acquisitions of
pure-play Big Data startups, as competition heats up between IT incumbents.
One can also discovered that, at present, the market is largely dominated by
hardware sales and professional services in terms of revenue.
Software vendors, particularly those in
the Big Data analytics segment, are
expected to significantly increase their stake in the Big Data market.