Published in collaboration with NCMS
Digital Manufacturing Report

News & information about the fast-moving world
of digital manufacturing, modeling & simulation

Language Flags

IDC: Big Data Market to Reach $23.8 Billion in 2016


FRAMINGHAM, Mass., Jan. 8 – In a newly released forecast, International Data Corporation (IDC) projects that the worldwide Big Data technology and services market will grow at a 31.7% compound annual growth rate (CAGR) – about seven times the rate of the overall information and communication technology (ICT) market – with revenues reaching $23.8 billion in 2016. The Big Data market is emerging at a rapid pace and incorporating technology and services from a wide range of existing and new market segments. While there are multiple scenarios that could unfold and many demand and supply variables remain in flux, IDC expects the market to exhibit strong growth over the 2012-2016 forecast period.

"The Big Data technology and services market represents a fast-growing, multibillion-dollar worldwide opportunity," said Dan Vesset, vice president for IDC's Business Analytics and Big Data research. "It is an important topic on many executive agendas and presents some of the most attractive job opportunities for people with the right technology, analytics, communication, and industry domain expertise."

Additional findings from IDC's research include the following:

  • The growth of individual segments of the market varies from 21.1% for services to 53.4% for storage. The high CAGR for storage compared with other infrastructure components is attributable to the current dual use of storage in Big Data environments.
  • A shortage of analytics and Big Data technology skills will drive a growing number of buyers toward cloud solutions and appliances. To address skills shortage, there will be greater focus on automation across the information management and analytic life-cycle, and more companies will look to outsource analytic services, not just technology.
  • Big Data solutions for machine-generated data will begin to gain greater mindshare in the outer years of the forecast.

"IDC continues to enhance its market research and methodology for tracking Big Data trends," said Ashish Nadkarni, research director for IDC's Storage Systems and Big Data research. "On the infrastructure side, we added Big Data cloud infrastructure to this latest report coverage, and on the software side we provided additional breakdown of the three key segments of the Big Data software market."

The study, Worldwide Big Data Technology and Services 2012-2016 Forecast (IDC #238746) examines the Big Data technology and services market for 2012–2016 and describes IDC's definition of Big Data and the criteria and methodology for sizing the market. Further, the study segments the Big Data market into server, storage, networking, software, and services. Starting with this forecast, IDC is including a percentage of public cloud and infrastructure-as-a-service provider revenue that IDC believes makes up for the Big Data component running in that infrastructure.

About IDC

International Data Corporation (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 to 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 48 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.

-----

Source: IDC

RSS Feeds

Subscribe to All Content


Feature Articles

Titan Puts a New Spin on GE’s Wind Turbine Research

Unlike traditional energy sources, wind is a trouble to tame, which has led GE to turn to advanced simulations at Oak Ridge National Laboratory to put the technology on track to cover 12 percent of the world's energy production.
Read more...

Lighting a Fire Under Combustion Simulation

Combustion simulation might seem like the ultimate in esoteric technologies, but auto companies, aircraft firms and fuel designers need increasingly sophisticated software to serve the needs of 21st century engine designs. HPCwire recently got the opportunity to take a look at Reaction Design, one of the premier makers of combustion simulation software, and talk with its CEO, Bernie Rosenthal.
Read more...

D-Wave Sells First Quantum Computer

On Wednesday, D-Wave Systems made history by announcing the sale of the world's first commercial quantum computer. The buyer was Lockheed Martin Corporation, who will use the machine to help solve some of their "most challenging computation problems." D-Wave co-founder and CTO Geordie Rose talks about the new system and the underlying technology.
Read more...

Short Takes

Local Motors and ORNL Partner for Automotive Manufacturing

Jan 24, 2014 | Local Motors, a vehicle innovator, and the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL) have announced a new partnership that they hope will bring change to the automotive industry.
Read more...

Robots Showcase Skills at DRC

Jan 22, 2014 | A month ago, the DARPA Robotics Challenge Trials (DRC) commenced. The main goal of the event was to aid in the development of robots that will someday respond to natural or even man-made disasters. At this year’s DRC, prototype robots from 16 teams were put through a series of trials in which they were to showcase their skills.
Read more...

Advanced Modeling Benefits Wind Farms

May 25, 2011 | Advanced computing resources optimize the site selection of wind farms.
Read more...

Not Your Parents' CFD

Oct 13, 2010 | Outdated beliefs stand in the way of greater CFD adoption.
Read more...

Manufacturers Turn to HPC to Cut Testing Costs

Oct 06, 2010 | Supercomputing saves money by reducing the need for physical testing.
Read more...

Sponsored Whitepapers

Technical Computing for a New Era

07/30/2013 | IBM | This white paper examines various means of adapting technical computing tools to accelerate product and services innovation across a range of commercial industries such as manufacturing, financial services, energy, healthcare, entertainment and retail. No longer is technically advanced computing limited to the confines of big government labs and academic centers. Today it is available to a wide range of organizations seeking a competitive edge.

The UberCloud HPC Experiment: Compendium of Case Studies

06/25/2013 | Intel | The UberCloud HPC Experiment has achieved the volunteer participation of 500 organizations and individuals from 48 countries with the aim of exploring the end-to-end process employed by digital manufacturing engineers to access and use remote computing resources in HPC centers and in the cloud. This Compendium of 25 case studies is an invaluable resource for engineers, managers and executives who believe in the strategic importance of applying advanced technologies to help drive their organization’s productivity to perceptible new levels.

Conferences and Events

Featured Events



Copyright © 2011-2014 Tabor Communications, Inc. All Rights Reserved.
Digital Manufacturing Report is a registered trademark of Tabor Communications, Inc. Use of this site is governed by our Terms of Use and Privacy Policy.
Reproduction in whole or in part in any form or medium without express written permission of Tabor Communications Inc. is prohibited.
Powered by Xtenit.