In the 21st century, data is being produced at an ever-increasing rate. This growth in data
production is driven by:
Individuals and their increased use of media
The proliferation of internet connected devices and systems
The switch from analogue to digital technologies
Big data is data that exceeds the processing capacity of conventional database systems.
The data is too big, moves too fast, or exceeds the limits of your database architectures.
To gain value from this data, you must choose an alternate way to process it.
MiG’s latest report, titled: The Future of Big Data Analytics – Global Market and
Technologies Forecast – 2015-2020 examines, analyzes, and predicts the evolution of Big
Data technologies, markets, and outlays (expenditures) over the next 5 years. It also
examines Big Data’s markets geographically, focusing on the top 95% of global markets,
in the United States, Europe, and Asia.
Our multi-scenario research concludes, for example, that under steady state conditions
the Big Data market will almost double in the coming five years, from nearly $39 billion in
2015 to more than $76 billion in 2020.
This report concentrates on these types of Big Data:
Apps & Analytics
Throughout, we show how Big Data is used today, and will be increasingly used in the
near future, to add real value.
To provide the most thorough and realistic forecast, this report provides a triple-scenario
analysis, including “steady state”, emergence of new Big Data analytical tools, and the rise of
new analytical tools that can replace Big Data analysis.
This forecast is specifically intended to benefit leaders who need to guide their teams
toward opportunity or away from risk, particularly: