Share: The global market for big data and cloud technologies is developing rapidly, but it is still very young, as there is a lot of data, and available analysis tools are not always effective enough to either sift through the data or produce valuable results. Still, the full scope of the given market’s snowballing growth was revealed in a recent report by MarketsAndMarkets, which reports that the global big data market is set to grow from $138.9 billion in 2020 to $229.4 billion by 2025. The Compound Annual Growth Rate of 10.6% during the forecast period is a clear indicator of the demand companies are experiencing to increase operational efficiencies and reduce costs through the use of Big Data.