ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a research report on the global big data market. The report, titled “Big Data Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 - 2018”, states that the global big data market, which had an approximate net worth of US$6,270 million in 2012, would grow at a remarkable CAGR of 40.5% throughout the years of forecast and achieve a worth of US$48,300 million by 2019. The storage sector will account for the major chunk of revenues, and grow at an estimated CAGR of 45.3% during the forecast period.
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The report finds that the key applications of healthcare, government and financial sectors together contributed to about 55% of market revenues in 2012. Applications of big data in manufacturing, telecommunications, retail, media and entertainment industries earned the global big data market its remaining major portion of revenues in 2012. The report presents a detailed, macro-economic analysis of these major application areas, along with a brief segmentation of the global big data market based on the chief components of a typical big data system, including software services, hardware and storage types.
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The report bases its analyses on Porter’s five forces estimates and a secondary research method for delivering the market numbers for each market segment studied in the report. Market numbers and statistics are further authenticated with C-level executives of key businesses operating in the global big data market to build a solid base for the forecast presented in the report. Financial overviews of key players operating in the market are also studied.
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