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Worldwide Big Data Technology and Services Forecast, 2016–2020

Worldwide Big Data Technology and Services Forecast, 2016–2020

This IDC study looks at the Big Data technology and services market for the 2016–2020 period. Major findings of this study are:In aggregate, the Big Data technology and services market is estimated to grow at a CAGR of 22.6% from 2015 to 2020 and reach $58.9 billion in 2020. Revenue for Big Data infrastructure is estimated to grow at a CAGR of 20.3% from 2015 to 2020 and reach $27.7 billion in 2020.Revenue for Big Data software is estimated to grow at a CAGR of 25.7% from 2015 to 2020 and reach $15.9 billion in 2020.Revenue for Big Data services, which consists of professional and support services, is estimated to grow at a CAGR of 23.9% from 2015 to 2020 and reach $15.2 billion in 2020. "The Big Data technology and services market will exhibit strong momentum through 2020, thanks to aggressive DX initiatives," said Ashish Nadkarni, program director, Worldwide Infrastructure, and co-lead of Big Data market research at IDC. "Year-over-year growth is estimated to reduce slightly as the market matures and becomes a segment of broader business analytics market in its entirety."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Belief in the Superiority of Data-Driven Decision Making
Availability of Data
Demand for Self-Service
Inhibitors
Macroeconomic Factors
Open Source Technology Options
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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