Saturday, September 7, 2013

The pull of Big Data start ups

An existing large global Big Data and analytics market and a fast growing domestic market for this industry seems to have triggered the preference for Big Data start ups by Gen Y.
According to IDC the Big Data market is projected to reach $18.1 billion by 2013 end, an annual growth of 61%. This puts it on pace to exceed $47 billion by 2017; which translates to a 31 per cent compounded annual growth rate over the five year period 2012-2017.

Backed by some big investors including Blume Ventures, India Innovation Fund and Lightspeed Venture Partners, the market has witnessed the mushrooming of several Big Data companies in India. These include Biosys technologies, Dataweave, Qubole, BloomReach and Iken Solutions Pvt Ltd.

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