Big data a big market
COMPUTING| 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
Senegal looks to digital to enhance higher educationThe West African nation of Senegal is seeking the help of ICTs to boost its tertiary education, which it believes remains static due to the shortage of ‘physical’ institutions of higher learning. Read More
EMIS, MasterCard partnership on Angolan ATMsEmpresa Interbancária de Serviços (EMIS), operator of Angola’s only interbank network, and MasterCard have announced a landmark partnership that sees all ATMs in the country accept MasterCard debit, credit and prepaid cards. Read More
Congo Brazzaville IT wizard launches ICT bookCongo Brazzaville-born Vérone Mankou, the inventor of Africa’s first tablet and smartphone, launched his first book this week in the capital Brazzaville. Read More
Asset Finance: Purchase or Pay-Per-Use?There are three main financing options when it comes to acquiring new equipment, explains InnoVent. Read More
African Data Centre pricing increasing significantlyTCL forecasts that Data Centre space will grow to 107,000 square metres in Africa as of the beginning of 2015, and that average pricing is increasing across the continent. Read More
Moremi School launches own ICT HubMoremi III Memorial School in Maun has launched its own Information Communication Technology (ICT) hub aimed at improving the status of education at the school. Read More
BT announces new AMEA cloud servicesBT has announced new cloud services aimed at supporting the expansion plans of its customers in Asia-Pacific, the Middle East and Africa (AMEA). Read More
MWEB Business’ Top Technology Trends 2014 – 2015MWEB Business predicts the top local technology trends for the coming year. Read More
2014 EMC Forum to be staged in LagosThe 2014 edition of the annual EMC Forum themed ‘It’s Time To Redefine IT’ is set to be staged in Lagos on November 25, at the Expo Hall of Eko Hotel and Suites, Victoria Island. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSLeading through volatility in Africa
For the businesses that are prepared to face the storm and manage the volatility afflicting the continent, there are still huge rewards to be had from doing business ...