Big Data market to see USD 50bn growth by 2019: IDC

Big Data market to see USD 50bn growth by 2019: IDC

Views: 1.0K

Word Cloud "Big Data"Big Data technology is set to surge to nearly $50 billion by 2019. The report claims that software will be the main growth driver. The Big Data market is growing at a compound annual growth rate (CAGR) of 23.1 per cent over the 2014-19 forecast period with annual spending reaching US $48.6 billion in 2019.

“The ever-increasing appetite of businesses to embrace emerging big data-related software and infrastructure technologies while keeping the implementation costs low has led to the creation of a rich ecosystem of new and incumbent suppliers,” said Ashish Nadkarni, Programme Director, Enterprise Servers and Storage and co-author of the report with Dan Vesset, Programme Vice President, Business Analytics & Big Data.

As per the report, all the three sectors of Big Data market- infrastructure, software and services will grow over the next five years. The industry sectors are interested in big data but the largest sector is discreet manufacturing, banking and process manufacturing.

Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.

Recommended from all portals

Click to comment

Leave a Reply

Your email address will not be published.

Latest News

To Top