Big data analytics technologies are gaining popularity as “hyper-connectivity” and ubiquitous smart networks that form the Internet of Things generate a huge amount of structured, semi-structured and unstructured data, according to research firm Frost & Sullivan. With the volume and speed of data generation far surpassing the threshold of manageability, big data technologies can help companies obtain timely intelligence to make business decisions and respond to market conditions quickly.

The market for such technologies earned revenue of $3.20 billion in 2013 and will increase to an estimated $15.10 billion in 2020, according to the firm’s study, Global Big Data Analytics Market. The report covers data discovery and visualization and advanced analytics products.

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