Global Big Data Market: Development Analysis

The modern world is undergoing a boom of information and communication technologies. There is a rapid introduction of modern digital technologies in all spheres of the economy. A new term "digital economy", denoting the sectors of economic development that implement the most advanced achievements of digital technologies, emerged in the last few years. One of the breakthrough technologies in the field of digitalization is cloud computing, Blockchain technology and technologies for processing and analyzing big data. The paper examines the main characteristics of big data technologies; a comparative analysis between conventional database storage and big data storage is carried out. The research on separate segments of the global big data market in the field of software infrastructure and IT services is conducted. The dynamics of cloud IT services in the field of processing big data are analyzed. Using big data technologies in various sectors is considered and evaluated and leading users are determined. Particular attention is paid to assessment and analysis of financial indicators of the global big data market; the pace and dynamics of its development are defined. On the basis of the research, the main development trends in the field of big data technologies are identified.