Cloud Big Data Market to Reach $16.52 Billion by 2018

Over at Talkin Cloud, Chris Talbot reports that the business analytics market based in the cloud will see a significant increase over the next few years.

According to a new report from MarketandMarkets, the cloud analytics market and its related sub-markets will grow at a compound annual growth rate (CAGR) of 25.8 percent over the next five years. By 2018, that means the overall cloud business analytics market will total $16.52 billion. That’s a huge number no matter how you look at it, but compared to today’s market value of $5.25 billion, it’s clear the industry is expecting a spectacular increase.

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