Global Big Data Market Is Expected to Reach $118.52 Billion by the Year 2022
The Global Big Data market is projected treach $118.52 billion by 2022 growing at a CAGR of 26.0% during the forecast period 2014 t2022. Hasty growth in consumer data, superior information security, enhanced business efficiencies are some of the key factors fueling the market growth. However, lack of skilled workers is inhibiting the growth of big data market. Demand of data warehousing and advanced analytics among applications of big data creates ample of opportunities for the vendors in this market.
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