Big Data Infrastructure Forecast to Reach $4.2 Billion by 2026
The market for Big Data Infrastructure is forecast to reach $4.2 billion by 2026, growing at a CAGR of 32.3% from 2021 to 2026 due to rapid increase in consumer and machine data developments. Big Data is referred as the collection of data sets so large and complex that it is not possible to process it in traditional way. The market will be driven by the growth of the structured and unstructured data. Big Data infrastructure is the cornerstone of the enterprises to sort, store, process and analyze the large data sets. An enterprise generates data in large volume with high velocity and veracity which cannot be stored and processed traditionally and this raises the demand for emerging data intensive analytical technology. Big Data Infrastructure Market Segment Analysis - By Type Big Data Infrastructure is the main component of the organization to sort, store, process and analyze the large data sets. Presently the global Big Data adoption trend focuses on application and...