IDC Releases First Worldwide Big Data Technology and Services Market Forecast, Shows Big Data as the Next Essential Capability and a Foundation for the Intelligent Economy
07 Mar 2012
FRAMINGHAM, Mass., March 7, 2012 – International Data Corporation (IDC)
today released a worldwide Big Data technology and services forecast showing the
market is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015.
This represents a compound annual growth rate (CAGR) of 40% or about 7 times
that of the overall information and communications technology (ICT) market.
"The Big Data market is expanding
rapidly as large IT companies and startups vie for customers and market share,"
said Dan Vesset,
program vice president, Business Analytics
Solutions at IDC. "For technology buyers, opportunities exist to use Big
Data technology to improve operational efficiency and to drive innovation. Use
cases are already present across industries and geographic regions.
"There are also Big Data opportunities
for both large IT vendors and start ups," Vesset continued. "Major IT
vendors are offering both database solutions and configurations supporting Big
Data by evolving their own products as well as by acquisition. At the same
time, more than half a billion dollars in venture capital has been invested in
new Big Data technology."
Additional findings from IDC's study include
- While the five-year CAGR for the worldwide market is
expected to be nearly 40%, the growth of individual segments varies from 27.3% for
servers and 34.2% for software to 61.4% for storage.
- The growth in appliances, Cloud, and outsourcing
deals for Big Data technology will likely mean that over time end users will
pay increasingly less attention to technology capabilities and will focus instead
on the business value arguments. System performance, availability, security,
and manageability will all matter greatly. However, how they are achieved will
be less of a point for differentiation among vendors.
- Today there is a shortage of trained Big Data
technology experts, in addition to a shortage of analytics experts. This labor
supply constraint will act as an inhibitor of adoption and use of Big Data
technologies, and it will also encourage vendors to deliver Big Data
technologies as cloud-based solutions.
"While software and services make up
the bulk of the market opportunity through 2015, infrastructure technology for
Big Data deployments is expected to grow slightly faster at 44% CAGR. Storage,
in particular, shows the strongest growth opportunity, growing at 61.4% CAGR
through 2015," said Benjamin S. Woo,
program vice president, Storage Systems
at IDC. "The significant growth rate in revenue is underscored by the
large number of new open source projects that drive infrastructure
IDC methodology for sizing the Big Data
technology and services market includes evaluation of current and expected
deployments that follow one of the following three scenarios:
- Deployments where the data collected is over 100
terabytes (TB). IDC is using data collected, not stored, to account for the use of in-memory technology where data
may not be stored on a disk.
of ultra-high-speed messaging technology for real-time, streaming data capture
and monitoring. This scenario represents Big Data in motion as opposed to Big
Data at rest.
- Deployments where the data sets may not be very
large today, but are growing very rapidly at a rate of 60% or more annually.
Additionally, IDC requires that in each of these three scenarios, the technology is deployed
on scale-out infrastructure and deployments that include either two or more
data types or data sources or those that include high-speed data sources such as click-stream tracking or monitoring of
The study, Worldwide
Big Data Technology and Services 2012-2015 Forecast (IDC #233485) examines
the Big Data technology and services market for 2010–2015. IDC defines Big Data
technologies as a new generation of technologies and architectures designed to
extract value economically from very large volumes of a wide variety of data by
enabling high-velocity capture, discovery, and/or analysis. Further, the study
segments the Big Data market into server, storage, networking, software, and services
IDC is the premier
global provider of market intelligence, advisory services, and events for the
information technology, telecommunications, and consumer technology markets.
IDC helps IT professionals, business executives, and the investment community
make fact-based decisions on technology purchases and business strategy. More
than 1,000 IDC analysts provide global, regional, and local expertise on
technology and industry opportunities and trends in over 100 countries. For more
than 45 years, IDC has provided strategic insights to help our clients achieve
their key business objectives. IDC is a subsidiary of IDG, the world's leading
technology media, research, and events company. You can learn more about IDC by
For more information, contact:
Benjamin S. Woo