Big data a big market
COMPUTINGBy BiztechAfrica - March 11, 2012, 2:01 p.m.
International Data Corporation) expects the worldwide Big Data technology and services market to grow from USD3.2 billion in 2010 to USD16.9 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.
Dan vesset, program vice president, Business Analytics Solutions, at IDC says: "The Big Data market is expanding rapidly as large IT companies and startups vie for customers and market share. 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."
IDC said 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.
The report also noted that there is a shortage of trained Big Data technology experts, in addition to a shortage of analytics experts. It said this labour supply constraint would 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.
MORE COMPUTING NEWS
Acer steps up southern African education agendaAcer for Education is stepping up its activity in southern Africa, with new education devices being launched, a growing content partnership programme, and plans to extend its partner network into more southern African countries. Read More
Kenyan shift to Green Economy would generate USD 45bn by 2030Kenya’s transition to a green economy could produce major economic benefits equivalent to an estimated USD 45 billion by 2030, a new study shows. Read More
Kenswitch unveils system for instant cash transfersKenswitch Ltd has launched a system that will allow users to transfer cash between banks registered on its shared network on a real-time basis. Read More
E-waste threatens Ghana’s beachesMany beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste. Read More
African education successes in focus at eLearning Africa conferenceThe eLearning Africa International Conference on ICT for Development, Education and Training gets underway from 28 – 30 May at Speke Resort and Conference Centre, Munyonyo, Kampala, Uganda. Read More
Cloud gains traction in KenyaKenyan enterprises are increasingly seeing the implementation of cloud or expansion of existing cloud infrastructure as a key priority, says IDC. Read More
MultiChoice expands DTTV distribution in Sub-Saharan Africa on Intelsat 904Intelsat S.A. has announced that African direct-to-home operator, MultiChoice, is leveraging Intelsat capacity to expand the reach of its digital terrestrial television (DTT) offering in Sub-Saharan Africa. Read More
VMware Unleashes Horizon 6VMWare has released a comprehensive and cost effective solution to deliver and manage enterprise applications and desktops for physical, virtual and employee-owned devices. Read More
High calibre keynotes to take to the stage for Saphila 2014Saphila 2014, set for South Africa in June, will feature high caliber keynote speakers including highly sought-after international keynote speaker, Frans Johansson, CEO of The Medici Group. Read More
FEATURED STORYKenyan shift to Green Economy would generate USD 45bn by 2030
Kenya’s transition to a green economy could produce major economic benefits equivalent to an estimated USD 45 billion by 2030, a new study shows.
BEST READ NEWS
IN DEPTHE-waste threatens Ghana’s beaches
Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.