London, UK (PRWEB) June 12, 2014
In spite of the emerging challenges related to certain privacy concerns and also organizational resistance, big data investments continue to increase around the world. In 2014 alone, big data investments are likely to be approximately USD 30 billion. Furthermore, these investments are poised to see robust growth, registering a 17% CAGR in the next six years. By the end of 2020, big data investments are anticipated to amount to USD 76 billion.
Presently, hardware sales and professional services account for over 70% of total big data investments. Owing to the open source nature of the majority of software products, big data software holds a market share of only 29%. However, software vendors, especially in the big data analytics sector, are forecast to considerably increase their shares in the global big data market in the next six years. By the end of 2020, big data software revenue is predicted to exceed hardware investments by around USD 8 billion.
New research study “The Big Data Market: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts” worked out by Signals and Systems Telecom is now available at MarketPublishers.com
Title: The Big Data Market: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts
Published: June, 2014
Price: US$ 2,500.00
A detailed assessment of the world big data market, a thorough analysis of the major market growth drivers and restraints, an evaluation of the investment potential, and a summary of the market opportunities are provided in the novel study. Besides, the report contains valuable case studies, an extensive value chain analysis and market share analysis; sheds light on the successful market strategies, reviews the key vertical markets. The study covers big data software, hardware and professional services, uncovers accurate data on the big data market performance historical and present, and also presents projections of the market performance through 2020. The topical report includes a snapshot of the existing technologies, features the competitive climate within the world big data market and profiles the dominant players. Valuable strategic recommendations are included, too.
More new research reports by the publisher can be found at Signals and Systems Telecom page.