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Latent demand for Big Data in India grows bigger

23rd Aug `13, 03:54 PM in Resources

The global Big Data market is estimated to grow at 45 percent CAGR through 2011-15 to reach USD…

BDMS
Guest Contributor
 

The global Big Data market is estimated to grow at 45 percent CAGR through 2011-15 to reach USD 25 billion from the current size of about USD 8 billion, according to a recent NASSCOM-CRISIL report. So where does India stand in the Big Data league? Most experts feel Big Data is at a nascent stage in India with a strong latent demand, but growing steadily. The same report estimates the Indian Big Data market to grow from USD 200 million in 2012 to USD 1 billion in 2015 at a CAGR of over 83 percent.

There are multiple factors driving the demand for Big Data in India. The emergence of converged devices, as well as rapid digitization of data and information, especially in the government sector is leading to a much larger quantum of data being generated. There is also immense demand from analytics players who want to get meaningful insights from their huge volumes of data.

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