Big Data is a database management system acquiring fads globaly through its services.As the basic need to store,analyse and managing data for expounding business strategies,varied data generated from web clicks to satellite data is one of the strategy through which big data serves its clients. Big data market is growing rapidly and its presence is predicted to be in almost all typical applications such as consumer risk modeling, portfolio analysis, fraud detection, demand forecasting, vendor rating analysis, lead time analysis, log analysis, packet inspection, supplier intelligence, customer churn analysis, traffic management, casino management and maintaining budget and cost intelligence.
Big Data Market Revenue, 2013 – 2018 ($Billion)
The Big Data services and software segment are expected to be the
fastest growing markets. The decrease in prices of hardware and advent
of unified big data solutions by all major storage vendors will make
this market highly competitive in the coming years. The competition
among big data startups and leading database vendors will also determine
the course of the market in the next few years.
