London, United Kingdom, May 24, 2016 --(PR.com
)-- TD The Market Publishers, Ltd. is very pleased to inform that new research report analyzing the big data marketplace is can now be found in its online catalogue.
According to the study, the world’s big data market is set to be worth approximately USD 67 billion by 2021. Its CAGR is forecast to be 18.5 percent over the period 2016-2021.
A tremendous increase in data generated across different organizations and a growing need to analyze it are some of major factors driving this marketplace.
The report states that big data analytics solutions will demonstrate the highest growth amongst the software segment. In the meantime, managed services will grow at the swiftest CAGR among services.
The study forecasts that APAC will witness the fastest market growth in the years to come. Latin America also has good growth opportunities for the market. The Middle East and Africa is also set to move toward a growth pace over the next 5 years.
More valuable information on the big data marketplace can be found at https://marketpublishers.com/report/technologies_electronics/telecommunications/big-data-market-by-component-software-n-services.html