MarketResearch.com: Big Data a $40 Billion Market in 2015, Says SNS Research Report
WASHINGTON and NEW YORK and LONDON, June 25, 2015 /PRNewswire/ -- As a leading provider of market research solutions, MarketResearch.com is pleased to announce the addition of SNS Research's latest report indicating global spending on big data technology expected to reach nearly $40 billion by the end of 2015.
Big data use to refer to datasets with a size that was beyond the ability of traditional databases, over the years the scope of big data has significantly expanded. Now, the term "big data" refers to the data itself and the set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.
Despite challenges relating to privacy and organizational resistance, big data investments have continued to gain momentum. This new report estimates investments for big data will account for nearly $40 Billion in 2015 alone. These investments are further expected to grow at a CAGR of 14% over the next five years.
To learn more, check out the report:
http://www.marketresearch.com/land/product.asp?productid=9022618&progid=87593
Big Data Market: 2015 – 2030 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts presents an in-depth assessment of the big data ecosystem including: key market drivers, challenges, investment potential, vertical market opportunities and use cases, future roadmap, value chain, case studies on big data analytics, vendor market share and strategies.
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About SNS Research
SNS Research is a global market intelligence and consulting firm with a particular focus on the telecommunications, IT, defense and pharmaceutical industries. Developed by leading industry analysts, SNS Research's reports provide unique insights on established and emerging markets. Whether your focus is strategic planning, development, or marketing their reports allow you to make better decisions with self-assurance.
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