Share with your friends










Submit

Analytics Magazine

IDC forecasts big growth for Big Data

International Data Corporation (IDC) recently released a worldwide Big Data technology and services forecast showing the market is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015. This represents a compound annual growth rate (CAGR) of 40 percent or about seven times that of the overall information and communications technology (ICT) market.

“The Big Data market is expanding rapidly as large IT companies and startups vie for customers and market share,” says Dan Vesset, program vice president, Business Analytics Solutions at IDC. “For technology buyers, opportunities exist to use Big Data technology to improve operational efficiency and to drive innovation. Use cases are already present across industries and geographic regions.

“There are also Big Data opportunities for both large IT vendors and start-ups,” Vesset continues. “Major IT vendors are offering both database solutions and configurations supporting Big Data by evolving their own products as well as by acquisition. At the same time, more than half a billion dollars in venture capital has been invested in new Big Data technology.”

Additional findings from IDC’s study include the following:

• While the five-year CAGR for the worldwide market is expected to be nearly 40 percent, the growth of individual segments varies from 27.3 percent for servers and 34.2 percent for software to 61.4 percent for storage.

• The growth in appliances, cloud and outsourcing deals for Big Data technology will likely mean that over time end-users will pay increasingly less attention to technology capabilities and will focus instead on the business value arguments. System performance, availability, security and manageability will all matter greatly. However, how they are achieved will be less of a point for differentiation among vendors.

• Today there is a shortage of trained Big Data technology experts, in addition to a shortage of analytics experts. This labor supply constraint will act as an inhibitor of adoption and use of Big Data technologies, and it will also encourage vendors to deliver Big Data technologies as cloud-based solutions.

The study, Worldwide Big Data Technology and Services 2012-2015 Forecast (IDC #233485) examines the Big Data technology and services market for 2010–2015. IDC defines Big Data technologies as a new generation of technologies and architectures designed to extract value economically from very large volumes of a wide variety of data by enabling high-velocity capture, discovery, and/or analysis. Further, the study segments the Big Data market into server, storage, networking, software and services segments.

 

Related Posts

  • 86
    Big data investments continue to rise but are showing signs of contracting, according to a recent survey by Gartner, Inc. The survey revealed that 48 percent of companies have invested in big data in 2016, up 3 percent from 2015. However, those who plan to invest in big data within…
    Tags: data, big, percent
  • 75
    FEATURES Putin vs. Western analysts Russia’s new approach to extending its influence necessitates new approaches to assessment. By Douglas Samuelson Making analytics work through practical project management Making analytics work: Why consistently delivering value requires effective project management. By Erick Wikum Crowdsourcing – Using the crowd: curated vs. unknown Using…
    Tags: data, big
  • 65
    Many organizations have noticed that the data they own and how they use it can make them different than others to innovate, to compete better and to stay in business. That’s why organizations try to collect and process as much data as possible, transform it into meaningful information with data-driven…
    Tags: data, big
  • 64
    INFORMS Editor’s Cut is a new, open access, comprehensive online multimedia library that identifies and utilizes a variety of great information about operations research and analytics across a range of current topics and issues. The latest issue on Big Data Analytics provides access to a wealth of content, including journal…
    Tags: data, big
  • 64
    FEATURES Welcome to ‘worksocial’ world By Samir Gulati New approach, technology blends data, process and collaboration for better, faster decision-making. How to pick a business partner By David Zakkam and Deepinder Singh Dhingra Ten things to consider when evaluating analytics and decision sciences partners. Big data, analytics and elections By…
    Tags: data, technology, big
Tags

Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.

Headlines

Syngenta transforms global logistics with digital operating model

Syngenta, a leading global agriculture company, has collaborated with Accenture to design and implement a new digital logistics operating model across all modes of transportation, including sea and air freight globally and road freight in North America and Europe. The model will enable Syngenta to more effectively manage increasingly complex logistics networks and operations with lower costs and higher service performance. Read more →

Metro areas with the best, worst markets for STEM workers

With STEM jobs expected to grow 1.7 times faster than non-STEM professions in the coming years, the personal-finance website WalletHub followed up on its “Best & Worst Cities to Find a Job” report with an in-depth analysis of 2017’s “Best & Worst Metro Areas for STEM Professionals.” Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

2017 INFORMS Business Analytics Conference
April 2-4, 2017, Las Vegas

2017 INFORMS Healthcare Conference
July 26-28, 2017, Rotterdam, the Netherlands

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.