Big data infrastructure: Key market research findings
- Growth of cloud big data analytics
- Increasing presence of open source big data technology platforms
Technavio has released a new market research report on the global big data infrastructure market, which is expected to generate revenues of $27 billion by 2020. Big data solutions have a wide range of applications such as analysis of conversations in social networking websites, fraud management in the financial services sector, and disease diagnosis in the healthcare sector. Of late, several companies are adopting big data to provide better customer experiences and increase their operational efficiency, which will eventually boost the growth of big data infrastructure market over the next four years. APAC is the fastest growing region in the global big data infrastructure market, owing to increased demand for big data in the region. Japan and China are the major revenue-contributing countries in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Over the next four years, the market is expected to witness immense growth of cloud big data analytics. Big data will be a mix of both on premise and cloud data processing. Cloud big data analytics helps in accelerating the potential for scalable analytics. It also offers higher flexibility and better ways for accessing data and offers major insights. Amazon’s Redshift Data Warehousing and Kinesis data processing service, Google’s BigQuery data analytics service and IBM’s Bluemix are the major technologies available in the market for processing cloud data,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
There is an increase in the number of open source big data technologies available in the market, which can be availed free of cost by the enterprises. Some of the major open source big data technology platforms are Apache Hadoop, R, Cascading, Scribe, ElasticSearch, Apache HBase, Cassandra, MongoDB, and Apache CouchDB. For instance, Apache Hadoop technology is used for storing huge volumes of unstructured and semi-structured data. It is an open source software and is freely available to enterprises. This technology uses a set of nodes to store the data.
The leading players in the global big data infrastructure market are Dell, IBM, HP, Fusion-io, NetApp and Cisco. Several companies in the market use open source software such as Hadoop to reduce the cost of implementation of big data, as storage using Hadoop is less expensive compared to the traditional methods of data storage such as Database management systems (DBMS).
A more detailed analysis is available in the Technavio report, Global Big Data Infrastructure Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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