Big data and cloud computing are one of the fastest-growing sectors today, the demand for these two technologies are everywhere and in every business in the world.
As per the International Data Corporation(IDC) forecast revenue, the big data and business analytics (BDA) solutions have grown rapidly in the past few years. The market made $169B in revenue in 2018 – which was $122B in 2015 and $149 in 2017. An estimated reach to $189B in this year, an increase of 12.0% (CAGR) over 2018. IDC believes that worldwide BDA revenue will be $274.3 billion by 2022, with the five years (2018-2022) Compound annual growth rate(CAGR) of 13.2%.
And, the global spending on cloud market is increasing by 16.5%(CAGR) and is expected to reach 354 billion dollars by 2022.
In this fast-growing market, there is no surprise that Big data and cloud computing platforms are being acquired and converted into bigger tech companies.
The advancement of technology has allowed companies to reap the benefits of streamlined processes and cost-efficient operations. But the one thing that has become a game-changer for businesses of all sizes is the availability of data from every source imaginable – social media, sensors, business applications, and many more.
Merging big data with ...
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