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.
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
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