Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
IDC has released its forecast for the big data market and predicts it will grow to $32.4 billion by 2017, at a compound annual growth rate of 27 percent. The fastest-growing segment will be cloud infrastructure, which IDC predicts will grow at 49 percent per year. Last year, IDC predicted a $23.8 billion market by 2016 at a CAGR of 31.7 percent. It also predicted the storage would be the fastest-growing segment at 53.4 percent. The research firm acknowledges the changes and attributes them (and other changes in methodology) to fluidity in a new, fast-moving market — a fair point and a smart decision if the company wants its forecast to remain relevant.