ITJobCafe News Snippet 28 Sep 2016 Viewed 889 Times Viewed by 631 people

Despite challenges relating to privacy concerns and organizational resistance, Big Data investments continue to gain momentum throughout the globe. SNS Research estimates that Big Data investments will account for over $46 Billion in 2016 alone. These investments are further expected to grow at a CAGR of 12% over the next four years.


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By the end of 2020, companies will spend more than $72 billion on big data hardware, software, and professional services. While revenue is currently dominated by hardware sales and professional services, that promises to change: By the end of 2020, software revenue will exceed hardware investments by more than $7 billion, the researcher predicts.

This means demand for Big Data skills will continue to grow.


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