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January 22, 2013

Global Big data market to reach $48.3bn by 2018: report

Asia-Pacific region to see an increase in growth of 42.6% by 2018.

By CBR Staff Writer

According to a report by Transparency research, the global Big data market is expected to reach $48.3bn by 2018, growing at a compound annual growth rate (CAGR) of 40.5%.

The report revealed that North America is expected to maintain the lead in revenues, representing 54.5% of the global big data followed by Europe.

The Asia-Pacific region will be fastest growing market with a CAGR of 42.6% by 2018.

The storage segment is expected to be the fastest growing segment growing at a CAGR of 45.3% from 2012 to 2018, due to anincrease in the amount of data across different sectors.

The media and entertainment sector market share is expected to grow at a CAGR of 41.4% from 2012 to 2018 due to data generated through games, images and videos..

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