According to a report by Transparency research, the global Big data market is expected to reach $48.3bn by 2018, growing at a compound annual growth rate (CAGR) of 40.5%.
The report revealed that North America is expected to maintain the lead in revenues, representing 54.5% of the global big data followed by Europe.
The Asia-Pacific region will be fastest growing market with a CAGR of 42.6% by 2018.
The storage segment is expected to be the fastest growing segment growing at a CAGR of 45.3% from 2012 to 2018, due to anincrease in the amount of data across different sectors.
The media and entertainment sector market share is expected to grow at a CAGR of 41.4% from 2012 to 2018 due to data generated through games, images and videos..