Renub Research

Big Data Industry Market and Trends

Press Release   •   Oct 05, 2016 05:07 EDT

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.

Source: IDC

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%.

Related Report: Big Data Industry Market and Trends