in ,

Report: Big Data to Become $50B Industry by 2017

Report: Big Data to Become $50B Industry by 2017 - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Big Data, AppsA new study has found that the big data industry is set to become a $50 billion market in three years due to improving confidence in and growth of big data-related services and products, Silicon Angle reported Monday.

Bert Latamore writes Wikibon‘s “Big Data Vendor Revenue and Market Forecast 2013-2017″ predicts market growth will slow to 53 percent and reach $28.5 billion this year compared to 2013’s 58 percent growth

The report adds that big data is still on track to become a $50 billion industry by 2017.

Jeff Kelly, principal research contributor and big data analyst at Wikibon, said in the report the big data market has developed because of improved privacy, security, backup and recovery capabilities as well as the increasing partnerships between big data vendors and non-big data dealers.

However, issues still exist to prevent big data adoption including absence of best practices for integration, volatile markets as well as data privacy and security concerns, Silicon Angle reports.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Big Data & Analytics News

mm

Written by Admin

Red Hat-Hortonworks Team to Build Hadoop, Cloud Tool; Ranga Rangachari, Shaun Connolly Comment - top government contractors - best government contracting event
Red Hat-Hortonworks Team to Build Hadoop, Cloud Tool; Ranga Rangachari, Shaun Connolly Comment
Iridium Debuts Multi-Platform Data Broadcast Service; Bryan Hartin Comments - top government contractors - best government contracting event
Iridium Debuts Multi-Platform Data Broadcast Service; Bryan Hartin Comments