Big data: 2018 Market size is expected to reach 46.3 billion dollars

Http://www.aliyun.com/zixun/aggregation/18224.html "> Market research company MarketsandMarkets released the latest report, 2013 to 2018, The global big data market will grow at 26% a year, from $14.87 billion trillion this year to $46.34 billion trillion. The main driving force behind the development of global data markets is the continued upgrading of business processes and improved operational efficiency, the report said. Another key factor is the rapid growth of unstructured data, which businesses need to base their predictive Analysis services on.
In this growing market, companies offering hardware and software IT solutions will have a competitive advantage. These companies can provide enterprise users with complex analytical solutions and data management platforms.
The service business is still the biggest part of the consulting, integration and deployment business, MarketsandMarkets said. However, the growth rate of the software business is also very rapid, from 2013 to 2018, the annual composite growth rate will be 28.7%.
North America is expected to be the most revenue-generating market, and some emerging markets, such as the Asia-Pacific region, the Middle East and Africa, and Latin America, are expected to achieve greater market pull and higher annual growth rates. The MarketsandMarkets company predicts that the growing large data market in developing countries will further boost overall market growth.
MarketsandMarkets estimates that the global Forecast analysis market will grow from $1.7 billion trillion in 2013 to $5.24 billion in 2018 and an annual compound growth rate of 25.2%. The rapid development of the Global Forecast analysis market is mainly due to the fact that a large amount of data is being created continuously and some innovative technologies are being deployed.
The focus of business enterprises has shifted from traditional business intelligence solutions to predictive analysis, as they understand the importance of data and its analysis for the future. This transformation will bring opportunities for big companies and new startups.
But the predictive analytics service itself faces challenges. MarketsandMarkets points out that the market is not familiar with predictive analytics services, and predictive analytics takes a lot of time, leaving many companies reluctant to perform predictive analysis solutions in their business processes.