Anna Forrester
International Data Corp. projects a 26.4 percent compound annual growth rate for the big data technology and services market to $41.5 billion in value by 2018 and sees a slower pace of growth for certain individual segments.
The company said Sept. 15 that its “Worldwide Big Data Technology and Services 2014-2018 Forecast” report forecasts big data to continue to lead growth in the larger information technology market.
“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,” said Ashish Nadkarni, research director for storage systems and big data at IDC.
The report also indicates that big data investments are increasing in Europe and the Asia-Pacific region, except Japan, with the Americas region continuing its lead.
IDC also forecasts that the infrastructure segment will occupy a 48.2 percent share of the big data market by the end of the year.
