SME Big Data Market to Grow at a 42.94% CAGR by 2018 Says a New Research Report at

Dallas, Texas (PRWEB) June 25, 2014

Many large enterprise computing vendors frequently acquire companies to equip themselves with the latest big data technologies. Large enterprise software vendors also target pure-play big data vendors and small companies whose major customers are SMEs to expand their customer base and tap the huge potential in the SME segment. IBM acquired many analytics companies such as DemandTec Inc., Varicent Software, Tealeaf Technology Inc., Kenexa Corp., and Vivisimo Inc. in 2012. In 2013, it acquired several more big data analytic companies such as StoredIQ Inc., Star Analytics Inc., and The Now Factory. In 2011, Hewlett-Packard acquired the major pure-play vendor Vertica for US$ 350 million and EMC acquired Greenplum Inc. Also, Aster Data Systems Inc. was acquired by Teradata Corp. in 2011, Oracle Corp. acquired Datanomic Ltd., Endeca Technologies Inc., ClearTrail Technologies Pvt Ltd., and DataRaker Inc. Through acquisitions, large enterprise computing vendors are trying to enhance their capabilities to deliver a comprehensive big data solution.

Analysts forecast the Global SME Big Data market will grow at a CAGR of 42.94 percent over the period 2013-2018. According to the report, the need to improve business process efficiency and productivity is one of the factors driving the growth of the Global SME Big Data market. Big data solutions improve the efficiency of business processes and provide up-to-date information, and shorten the decision making process.

This report covers the present scenario and the growth prospects of the Global SME Big Data market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of

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