Security News > 2022 > February > Big data market to reach $273.4 billion in 2026

The big data market size is projected to grow from $162.6 billion in 2021 to $273.4 billion in 2026, at a Compound Annual Growth Rate of 11.0% during the forecast period, according to MarketsandMarkets.

Big data solutions segment to account for a larger market size.

Data discovery is the process of gathering and analyzing data from diverse sources in order to identify trends and patterns in the data.

Connecting multiple data sources, purifying and preparing the data, disseminating the data around the organization, and performing analysis to acquire insights into business operations are all part of the data discovery process.

With the adoption of data discovery solutions, organizations can easily convert raw data into meaningful, actionable insights and recommendations that can help data scientists to make daily and long-term strategic business decisions.

In North America, data discovery and big data analytics are considered highly effective by most organizations and verticals.

News URL

https://www.helpnetsecurity.com/2022/02/21/big-data-market-2026/