Big data management and data analytics remains one of the most dynamic, fastest growing segments of the IT industry. The global market for big data technology and services reached $21.19 billion in 2017, according to a ResearchandMarkets.com report, and will grow at a CAGR of more than 24 percent to $77.58 billion by 2023.
That’s not so surprising given that the total amount of data in the world is expected to reach 44 zettabytes by 2020 – ten times the total volume of data in 2013. The data explosion has fueled a vibrant big data technology industry with both established vendors and startups developing innovative technology to capture, integrate, manage and analyze the increasingly huge volumes of data businesses are wrestling with today.
Author: Rick Whiting