siliconindia | | July 20178T he Indian economy is witnessing a sea of trans-formational changes when it comes to tech-nology and its adoption. The Prime Minister's visionary projects such as Digital India, e-gov-ernance and Smart cities among several others are destined to make India a technology centric economy of the future. With this as the background, it is needless to say that Internet of Things (IoT) and Big Data will play an extremely crucial role in paving the next level of growth.The Big Data Analytics market in India is currently valued at $2 billion and is expected to grow at a CAGR of 26 percent, reaching approximately $16 billion by 2025, making India's share approximately 32 percent in the overall global market. The IoT market shows a similar growth trajectory and is forecasted to reach $15 billion by 2020 accounting for roughly five percent of the global market. This nearly eight fold jump in the Indian Big Data market is a lucrative opportunity and should be tapped. India is currently among the top 10 countries in Big Data analytics market and already has around 600 data analytics firms, with this number only expected to grow in future.Amongst the several factors driving this exponential rise of the Indian analytics industry is the growing data generation at an individual level. India with its burgeoning IN My OPINIONBIG DATA ANALYTICS MARKET - FUTURE SCOPE IN INDIA By Tomoyasu Nishimura, Senior VP, NEC CorporationHeadquartered in Tokyo, NEC Corporation is a multinational IT services company providing a wide range of IT & network solutions to business enterprises, communications services providers and government agencies.
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