Booming computerization across verticals to boost demand for Big Data Market

July 25, 2013 - PRLog -- Global market intelligence firm Netscribes, Inc. has released its new report: ‘Big Data Market in India 2013’. The report highlights the current and future big data market scenario in India. The report furnishes explicit details on the crucial aspects of the overall market to provide a holistic view, with the help of crisp and insightful representation of market data.  

Currently, the market is at a growing stage and is mainly dominated by foreign vendors who have managed to make a significant impression. With the continual growth of computerization and information technology across all verticals, the amount of data generated is skyrocketing on a daily basis. Additionally, the vast demographic diversification prevailing in the country will further augment technology adoption amongst businesses of all nature, thereby amplifying digital data generation.

Some factors such as the burgeoning internet usage and the adoption of information technology across the nation, emergence of smart handheld devices and the rapid growth in the social media domain were identified as primary reasons driving the big data market. On the other hand, the key hindrances for the market comprise of the lack of big data handling expertise, severe time constraint to analyze data, and the lurking threat to data security and integrity.

As seen in the market, proper analysis of the big data, so generated, has not yet attained full swing. Currently a very small fraction of the market comprises of big data analysis and therefore this opportunity can be effectively targeted by vendors to garner a stronger foothold in the market for better revenue generation.