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IDC rethinks its big data forecast; still pegs it at $32B by 2017

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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.

One Response to “IDC rethinks its big data forecast; still pegs it at $32B by 2017”

  1. Peter Fretty

    It will be the small successes around big data as well as its convergence with mobility and cloud computing that will ultimately propel it into new ranks. When organizations find ways to provide mobile information users with seamless access to crucial data the potential for improved innovation opportunities intensifies. This is the ultimate goal of what T-Systems calls Zero Distance.

    Peter Fretty