Big Data Market Worth $273.4 Billion By 2026, Growing At A Cagr Of 11.0%: Report By Marketsandmarkets

The Big Data Market size is projected to grow from USD 162.6 billion in 2021 to 273.4 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 11.0%. The Big Data industry is driven by sharp increase in data volume and rise in data connectivity through cloud computing and incorporation of digital transformation in top-level strategies. Big data solutions include big data analytics, data discovery, data visualization, and data management solutions. The massive growth of data and an increase in the number of mobile apps and Internet of Things (IoT) devices are the major factors driving the Big Data Market.