Big Data technology and services market will grow at a 26.4% compound annual growth rate (CAGR) to $41.5 billion through 2018, according to International Data Corporation (IDC) “Worldwide Big Data Technology and Services 2014 – 2018 Forecast” report.
IDC forecasts the Americas region to continue leading in Big Data investments, while the EMEA and Asia/Pacific (excluding Japan) in total commanded nearly 45% market share in the infrastructure, software, and services segments of the Big Data market.
According to IDC, infrastructure will continue to take up a large share of the market with a 48.2% share in 2014.
IDC, however cautioned that overall growth of some individual segments that make up this market is starting to show signs of a slowdown. IDC also expects incumbent suppliers to eventually go on an acquisition spree in this segment, consolidating the market and creating bigger players.
“The hype surrounding Big Data appears to be tempering down. This is a sign that the technologies are maturing and making their way into the fabric of how organizations operate and firms conduct their business."
- Ashish Nadkarni, Research Director, Storage Systems and Big Data research at IDC
“Big Data will continue to transform businesses everywhere, making them 'Big Data driven' in the process. In the context of the broader ICT market, and even the overall business analytics market, the Big Data market is quickly moving from a state of nascence to a state of maturity."
- Dan Vesset, Program VP, Business Analytics & Big Data
