Big Data Industry Market and Trends
The Big Data industry is expected to grow with a CAGR of 23.1% in future period of 2016 – 2020 according to IDC. As per its estimate Big Data market will be USD 57 Billion by 2020 from the figure of USD 22.6 Billion in 2015. Global – Big Data Market & Forecast (Billion US$), 2014 & 2020 For the next five years Infrastructure, Software and Services are expected to grow with double digit CAGR. • Infrastructure comprises of networking, storage infrastructure, computing and other datacenter infrastructure-like security it will growth with 21.7 percent CAGR. • Software comprises of discovery and analytics, information management and applications software is expected to grow with a CAGR of 26.2 percent. • Services comprises professional and support services for infrastructure and software is expected to grow with a CAGR of 22.7%.
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