Big data - Statistics & Facts

Big data - Statistics & Facts

Statistics and facts about Big Data

'Big data' refers to data sets that are too large or too complex for traditional data processing applications. Additionally, the term is often used to refer to predictive analytics or other methods of extracting value from data. To benefit from big data, businesses need several things, including raw storage and processing power, as well as strong analytics capabilities and skills. In 2015, annual revenue from the global big data market was put in the region of 22 billion U.S. dollars, with predictions suggesting this could double in size within the next four years. The largest share of big data revenue stems from professional services, representing almost 40 percent of the market, with the big data compute and storage segments trailing some way behind. Some of the largest providers of big data services include IBM, SAP, Oracle, Hewlett Packard, and Accenture.

Not every piece of data will make its way into the big data ecosystem, nor is all data useful, but a number of figures already suggest at the challenge of finding useful data amongst the rest. In 2015, mobile data traffic was measured at 3.7 exabytes (3.7 billion gigabytes) a month and is showing no signs of slowing down. That same year, cloud computing traffic was estimated at approximately 106 exabytes per month in North America alone. Furthermore, while the Internet of Things is expected to connect the digital and physical worlds through a network of sensors, the number of connected devices speaks to the amount of data that may need to be processed: some forecasts put the number of connected devices worldwide as high as 50 billion by 2020.

At present, big data is most likely to be used in the areas of marketing, sales, IT, and finance; however, as the reliability of big data improves, businesses see further, long-term opportunities for big data in the areas of risk management and logistics. Nonetheless, some caution is required as big data is not without its challenges. These challenges range from maintaining the quality of data to complying with domestic and international laws governing the use of data. Businesses that rely on poor quality data risk wasting time, losing sales, and lowering their margins due to inefficiency.

One other industry benefiting from the growth of big data is that of cloud computing. The amount of processing power and/or storage required to make use of big data is such that many businesses have taken to hosting and processing their big data sets in the cloud. In one survey, 69 percent of respondents said that their organization used cloud technology for data storage and backup, while 56 percent said their organization was using cloud computing for data analytics.

Show more   

Facts on Big Data
Global data volumesValuesStatistic
Global IP traffic from cloud data centers in 20165,636 exabytes Details →
Annual public cloud traffic in North America in 20162,771 exabytes Details →
Traffic from data centers to users worldwide in 2016933 exabytes Details →
Storage capacity of public cloud data centers in 2016290 exabytes Details →
Data volume of global consumer web usage, e-mails and data traffic9,170PB/mo Details →
Data volume of global file sharing traffic5,938PB/mo Details →
Big data revenuesStatistic
Global big data and business analytics revenues in 2016130bn USD Details →
Big data revenues in 201733.5bn USD Details →
Banking is the leading industry in terms of big data spending worldwide13.1% Details →
Forecast share of big data revenues from services in 201443% Details →
Forecast share of big data revenues from services in 202027% (↓) Details →
IBM is the world's largest vendor of big data hardware, software, and services2bn USD Details →
Asia Pacific big data services revenues in 2017645m USD Details →
Company surveysStatistic
Sources of big data used by industry professionalsTransactions Details →
Big data set that executives worldwide see as adding the most value to their companyBusiness activity data Details →
IT professional's top concern about working with big dataData security and risk management Details →
Share of software developers currently involved in big data projects29% Details →
The Internet of Things is the focus of many big data analytics application developers15.1% of developers Details →

Recommended statistics about “Big data”
Recommended Studies
  • The complete topic in one convenient package
  • Instant access and download
  • Great time-saver
You may also be interested in...