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Global Big Data Market is Expected to Reach USD 48.3Billion by 2018: Transparency Market Research

January 21, 2013

ALBANY, New York, January 21, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Big Data Market – Global Scenario,
Trends, Industry Analysis, Size, Share and Forecast, 2012 – 2018
[http://www.transparencymarketresearch.com/big-data-market.html ]” the global big data
market was worth USD 6.3 billion in 2012 and is expected to reach USD 48.3 billion by
2018, at a CAGR of 40.5% from 2012 to 2018. North America is expected to maintain its lead
position in terms of revenues till 2018, with about 54.5% share of the global big data
market [http://www.transparencymarketresearch.com/big-data-market.html ] revenue, followed
by Europe.

Browse the full report at

http://www.transparencymarketresearch.com/big-data-market.html

Generation of huge amounts of data, called big data, across different sectors such as
banking, healthcare, retail and education, among others, is creating the need for an
efficient tool to manage this data. Conventional database management tools such as
Relational Database Management System (RDBMS) do not have the capability to manage surging
volumes of unstructured data. This has led to the development of various tools and
technologies to manage big data.

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The basic components of big data include software and services, hardware, and storage.
Software and services segment held the largest share, accounting for more than 50% of the
total big data market in 2012. The storage segment is expected to be the fastest growing
segment at a CAGR of 45.3% from 2012 to 2018. This can be attributed to the exponential
increase in the amount of data across different sectors. The financial services sector is
one of the major contributors to the big data market, and held nearly 20% of the market in
2012.

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Big data tools are emerging to be of great help to banks and financial institutes in
utilizing the depth of data collected. The media and entertainment sector, though with a
small market share contribution currently; is expected grow at a CAGR of 41.4% from 2012
to 2018. This growth will primarily be due to the humungous amount of data generated
through games, images, videos and so on. Healthcare is another large and important segment
of the world economy that has been facing tremendous productivity challenges in the form
of drug failure, drug approval and regulatory barriers. Big data helps the healthcare
market players in managing their data efficiently, making important corporate decisions
and formulating business growth strategies.

The big data market is primarily driven by factors such as exponential growth in
different forms of data collected and cost benefits derived from the use of big data
tools. However, shortage of skilled personnel and efficient use of big data tools is
limiting the growth of this market.

North America accounted for more than 50% of the overall big data market revenues in
2012. However, the Asia-Pacific region will be the fastest growing market and will grow at
a CAGR of 42.6% from 2012 to 2018. Flourishing outsourcing industry, distributed
manufacturing hubs and lenient regulations on data sharing are the several factors
creating significant opportunities in the Asia-Pacific region for the big data market.

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The big data market is oligopolistic at large and dominated by a few major players
namely, HP Co., Teradata, Opera Solution, Mu Sigma and Splunk Inc. These five players
accounted for about 60% of the big data market in 2012.

The report on big data market includes market size and forecast from 2011 to 2018 and
cross-sectional analysis of various segments such as software and services, hardware, and
storage within different geographies (North America, Europe, Asia-Pacific and RoW). In
addition, the report also provides adoption, analysis and market size and forecast for
various end-use segments namely, financial services, manufacturing, healthcare,
telecommunication, government, retail and media & entertainment.

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About Us

Transparency Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers. We
are privileged with highly experienced team of Analysts, Researchers, and Consultants, who
use proprietary data sources and various tools and techniques to gather, and analyze
information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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