Big Data Market Size Expected to Reach USD 261.92 Billion at CAGR of 9.7%, By 2027
Development of open source big data software frameworks is one of the significant factors influencing the market growth. Market Size – USD 123.90 billion in 2019, Market Growth - CAGR of 9.7%, Market Trends – Proliferation of internet The global Big Data Market is expected to reach USD 261.92 Billion by 2027, according to a new report by Reports and Data. The enormous growth of data is a significant factor driving the growth of the big data market. Organizations across all disciplines worldwide face a grave issue pertaining to data management for data retention, comprehending dark data, and data integration for analytical purposes, among others. Therefore, the big data could assist enterprises and organizations in data management by sorting of dark data, making decisions about discarding of unwanted data, proper data aggregation, and data storage organization, among others. Additionally, the proliferation of the internet and the increasing popularity of IoT devices is playing a cruci