A new report from Research & Markets forecasts that the big data and data analytics industry will continue to grow with increased use from the Department of Homeland Security, public safety organizations and intelligence agencies.
The "Big Data & Data Analytics, Homeland Security & Public Safety: Global Market 2017-2022" report predicts that the big data and data analytics industry will reach $11 billion in revenue by 2022. The report forecasts a seven-year compound annual growth rate of 17.5 percent from 2015 to 2022, according to Business Wire.
With an increasingly digital world, the use of big data within the public safety and intelligence spheres has been on the rise, creating opportunities for industry growth. From data collection and storage to intelligence processing, exploitation, dissemination and analysis.
Big data and data analytics technologies bolster the capabilities of public safety and intelligence organizations in many categories of investigations including terrorism, organized crime, public safety, disaster and mass incident management, cyber defense and financial investigations. There is also potential growth for the development of predictive technologies. Open-source and signals intelligence markets also stand to benefit from this growth.
The report highlights nine markets: Government intelligence agencies; law enforcement and first responders; defense and military intelligence; financial services industry and fraud detection; cybersecurity; border control and customs; mass transportation (air, sea and land); intelligence fusion centers; and critical infrastructure security.
The report also identifies three technological markets — big data hardware, big data software and big data services — as well as six technological submarkets — storage and communications equipment, data warehouses and data management, analytics and visualization applications, compute, SQL and NoSQL and professional services.
Additional data sources for intelligence and public safety identified in the report include geospatial, customs and border sources, government databases and vehicle data.
Leading companies operating in the market are also identified in the report, featuring profiles of their products and contact information. Some of the companies included are Amazon, BAE Systems, Cisco, Dell, Deloitte, Google, Hewlett-Packard, Microsoft, Oracle, Raytheon and SAP.