Transparency Market Research: Big Data Market Worth $48B by 2019

Transparency Market Research (TMR) stated in a new report that it expects the global big data market to grow at a 40.5-percent compound annual growth rate (CAGR) from 2012 through 2019, reaching a market value of $48.3 billion. Growing at a CAGR of 45.3-percent the storage sector represents the largest share of revenues.

The report stated that technology applications in healthcare, finance, and government made up a majority of revenues in 2012; followed by manufacturing, retail, telecommunications and media and entertainment industries.

To support its market analysis and forecasts, TMR leveraged the Porter’s Five Forces framework and verified market numbers with C-level executives of big data businesses.

The full “Big Data Market – Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 – 2018” report is available via the company’s website.