Revenues for Big Data technology and services will be worth $41.5 billion by 2018 and is growing now at a 26.4 percent compound annual growth rate (CAGR).
That’s an estimate by market research company IDC. Ashish Nadkarni, research director at the company, said the hype was simmering down. “This is a sign that the technologies are maturing and making their way into the fabric of how organisations operate and firms conduct their business,” he said.
This year, infrastructure has a large share of the entire market, with a 48.2 percent slice of the Big Data pie.
While America leads the way in Big Data investment, it isn’t going to stay that way. EMEA and Asia Pacific have nearly 45 percent market share in infrastructure, software, and services.
IDC predicts there will be a mergers and acquisitions boom in the sphere.
