Marine Big Data Market: Rising Global Trade to Fuel Growth Opportunities

Marine big data can be described as large amount of data collected by aerial remote sensing, ships, stations, buoys and satellites. In recent years, the data generated and collected by various devices is growing at an overwhelming speed all over the world. In terms of marine sector, countries across the globe have launched observing projects such as Argo, NEPTUNE, GOOS etc. and number of marine observation satellites. As multiple observing techniques and various marine observation systems are deployed into the service, data volume increases, data format becomes diversified which forms marine big data. Only that marine data is valuable which contain specific temporal and spatial information. Factors such as high dimension and periodical data acquisition by various marine observation projects around the world leads to huge volume of marine big data. The global marine big data market is expected to expand at a CAGR of 21.5% during the forecast period 2017 to 2025 and is expected to reach US$ 3,240.5 Mn by 2025.