NEW YORK -
June 14, 2018 -
PRLog -- According to Goldstein Research, global big data market is expected to reach USD 200 billion by 2024, growing at a CAGR of 22.4% over the forecast period 2016-2024. Continuous generation of the abundant volume of data by various sectors is raising the need for analysis of these data and significantly propelling the business prospects for big data analytics. Cloud computing provides cost-effective, flexible and secure storage of data. Global big data market segmentationhas been done on the basis of type of data, components, application, end-user and geography. The big data market is experiencing a massive growth owing to the remarkable increase in organizational data and spending on R&D. Global organizational spending is estimated to reach over USD 500 billion by the end of 2024.
Global big data industry (https://www.goldsteinresearch.com/
report/global-
big-data-market-
outlook-2024-
global-opportunity-
and-demand-analysis-
market-forecast-
2016-2024)is largely dominated by North America, which is expected to grow at a CAGR of 15.6% during the forecast period.Rising manufacturing industries in Asia Pacific predicts APAC to be the fastest growing region for global hadoop market.
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On the basis of our in-depth analysis, Global Big Data Market can be segmented as follows:
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