SNS Research estimates that Big Data investments will account for near- ly $30 billion in 2014. These investments are further expected to grow at a CAGR of 17% over the next six years.
(Big Data refers to data itself but also to a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.)
Other key findings:
>> The market is ripe for acquisitions of pure-play Big Data startups, as competition heats up between I.T. incumbents.
>> Nearly every large scale I.T. vendor maintains a Big Data portfolio.
>> At present, hardware sales and professional services account for more than 70% of all Big Data investments.
>> Software vendors, particularly those in the Big Data analytics seg- ment, are expected to significantly increase their stake in the Big Data market as it matures.
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