HomeNewsTechnologyBig Data Spending To Reach $114 Bn In 2018: ABI Research

Big Data Spending To Reach $114 Bn In 2018: ABI Research

In Big Data initiatives, salaries account for about half of the current spending, with the other half is allocated to vendors' products and services.

September 19, 2013 / 12:35 IST
Story continues below Advertisement

Global spending on Big Data by organisations will exceed $31 billion in 2013, finds a new market forecast by ABI Research. The spending will grow at a CAGR of 29.6 percent over the next five years, reaching $114 billion in 2018. The forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software.
Click here for full story

first published: Sep 19, 2013 12:24 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!