While the world is progressively falling into the vicinity of cloud computing and big data services, it’s not very surprising to think of the uprise that this segment of market is set to garner in coming days.
To solidify this further, International Data Corporation (IDC) has published a research report highlighting the progress that big data is about to make. As per the report, big data is set to surge to nearly 49 billion of worth by year 2019 at a compound annual growth rate (CAGR) of 23.1 per cent over the period 2014-2019.
Ashish Nadkarni, Programme Director, Enterprise Servers and Storage and co-author of the report, said –
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.
Industries and organizations have grown exponentially over the last decade and so has the need for advanced tools to handle complex data and calculations, especially for businesses with discrete manufacturing, banking and process manufacturing.
There’s no reason to think that this industrial need will slump even by a fraction over the next years. Businesses have been happily adapting big data services and infrastructures over the last few years and this is likely to continue, in fact at a faster pace.
The report further suggests that the all three sectors of the big data market namely, infrastructure, software and services will grow equally over the next five years and will contribute to the expected 48.4 billion market worth.