The Big Data Market will Grow at a CAGR of 10% by 2020 Apr 2017 | Page 3

The Big Data Market: 2017 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts The report has the following key findings: • • • • In 2017, Big Data vendors will pocket over $57 Billion from hardware, software and professional services revenues. These investments are further expected to grow at a CAGR of approximately 10% over the next four years, eventually accounting for over $76 Billion by the end of 2020. As part of wider plans to revitalize their economies, countries across the world are incorporating legislative initiatives to capitalize on Big Data. For example, the Japanese government is engaged in developing intellectual property protection and dispute resolution frameworks for Big Data assets, in a bid to encourage data sharing and accelerate the development of domestic industries. By the end of 2017, SNS Research estimates that as much as 30% of all Big Data workloads will be processed via cloud services as enterprises seek to avoid large-scale infrastructure investments and security issues associated with on-premise implementations. The vendor arena is continuing to consolidate with several prominent M&A deals such as computer hardware giant Dell's $60 Billion merger with data storage specialist EMC. Buy a Copy of this Report@ http://www.reportsnreports.com/purchase.aspx?name=968656. Order this report by calling [phone] or Send an email to [email protected] with your contact details and questions if any. © ReportsnReports.com / Contact [email protected] 3