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Big Data Market Expected To Grow To $32.4 Bn In 2017

by Dashboard Insight, Dashboard InsightFriday, December 20, 2013

Biztech2.com reports on the growth expected for the big data market into 2017 as forecast by the Intenational Data Corporation, and it's not chump change:

In a newly released study, International Data Corporation (IDC) forecasts that the Big Data technology and services market will grow at a 27 percent compound annual growth rate (CAGR) to $32.4 billion through 2017 - or about six times the growth rate of the overall information and communication technology (ICT) market. Although there are multiple scenarios that could unfold and many demand and supply variables remain in flux, IDC expects the market to exhibit strong growth over the next five years.

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