Big Data Market Overview 2014-18
November 5, 2015 | Big Data, Home
The infographic blog explains the market overview of big data, which includes the market support, opportunities, and skills required. Every day around 2.5 quintillion bytes of new data is formed by the world, so much that 90% of the data in the world today has been created in the last two years alone. This sudden increase of information is known as “Big Data”, and has completely transformed the world around us.
For organizations that handle the ocean of data is quite frustrating and to maintain these data Apache Hadoop has been introduced. However, this data is not only for gigantic businesses but also for any size industries to stay competitive.
In the global economy, It has already become an integral part of every sector as physical and human capital. According to IDC prediction, this year the market for big data and analytics are expected to reach US $ 125 billion worldwide. This, in turn, will globally produce 4.4 million tech jobs and this augmentation will be greater than before by a multiplier effect like, each IT job created by Big Data will generate three more non-IT positions.