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The 10 Biggest Big Data News Stories Of 2018

From company mergers and acquisitions, to new data protection regulations, to the rapid adoption of AI technology by software developers, the big data arena was anything but dull this year.

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10. Big Data And Business Analytics Market Continues To Grow At A Double-Digit Pace

Big data and business analytics continued to be one of the most dynamic and fastest growing segments of the IT industry in 2018.

The market for big data and business analytics solutions is expected to finish out 2018 with total worldwide revenue of $166 billion, up 11.7 percent from 2017 sales, according to market forecaster IDC.

IDC is predicting that worldwide spending for big data and business analytics technology will reach $260 billion in 2022, an 11.9 percent compound annual growth rate over the 2017-2022 period.

IDC also concluded that the industries making the biggest investments in big data and business analytics solutions through 2022 are banking, discrete manufacturing, process manufacturing, professional services, and federal/central government. Those five industries will account for nearly half ($81 billion) of worldwide big data/business analytics spending this year, growing to $129 billion in 2022. But the retail industry will record the fastest five-year CAGR at 13.5 percent.

 
 
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