Study: North America to Capture 55% Big Data Market Share by 2018

Big Data, AppsA Transparency Market Research study projects North America would continue its lead in big data spending and capture approximately 54.5 percent share of that market globally through 2018.

The worlwide big data products and services market’s value is forecast to increase from $6.3 billion in 2012 to $48.3 billion in 2018, Transparency Market Research said Friday.

The report estimates that storage technology will be the fastest-growing big data segment over the next four years with a 45.3 percent compound annual growth rate.

Software held nearly 50 percent of the total market share by product category in 2012 while financial services companies accounted for almost 20 percent share by industrial segment during that year, according to the report.

Transparency Market Research believes the technology could play a key role in the healthcare sector’s data collection and the cost benefits associated with big data use will help drive the market.

You may also be interested in...


Deloitte to Help Techstars Expand Startups’ Business Opportunities

Startups participating in Techstars' accelerator programs will now be able to work with customers and businesses of Deloitte as part of the partnership between the two companies that was launched in an effort to boost the innovation ecosystem.

Luna Innovations

NASA Picks Luna’s RIO Laser for Navigation Doppler LiDAR

NASA has selected a Luna Innovations-built semiconductor laser for use in its Navigation Doppler LiDAR system. “To precisely measure the vehicle speed, direction, and distance, our NDL system uses both Doppler shift and laser beam travel time, which requires a highly stable single-frequency laser source,” said Farzin Amzajerdian, NDL principal investigator from NASA Langley Research Center. “The RIO laser from Luna Innovations has met NASA’s requirements for high reliability, low noise, and ultra-narrow linewidth.”


ICF Receives NASA Contract for Global Change Research Services

ICF has received a potential five-year, $33.9 million contract to help NASA administer a program that works to coordinate government agencies' studies on changes. The company will perform administrative and technical support services for the U.S. Global Change Research Program's National Coordination Office.