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
Top backup tips for SMEsGreen Apple IT advises on ways to protect valuable data from load shedding problems. Read More
Mainframes: underpinning the cloudContrary to some beliefs that the cloud will replace the mainframe, IBM Solutions Sales Manager Satish Babu points out that the mainframe supports cloud. Read More
Microsoft announces first African female country managerMicrosoft has announced the appointment of Otema Yirenkyi as the company’s first country manager for Ghana. Read More
Cloud uptake set to explode across AfricaNew research indicates that African organisations are taking cloud seriously, with Nigeria set to lead in cloud adoption. Read More
Multichoice Ghana launches 18 resource centresMultichoice Ghana Limited has rolled out 18 Multichoice Resource Centers in 18 senior high schools across the country. Read More
Matching market with satellite servicesQ-KON examines where satellite fits into the market and what services are best for satellite technologies. Read More
Africa’s high end ICT skills shortfall growsWith a skills shortage of between 20,000 and 70,000 high-end ICT professionals in South Africa alone, business and education must work together to close the gap, say stakeholders. Read More
African insurers must address looming technology challengeLack of information and communication technology (ICT) infrastructure is holding the African insurance market back, says SSP. Read More
Network outages, downtime can cost Egyptian enterprises millionsWhile downtime can cost enterprises millions in lost revenue, many organisations still depend on antiquated data centre infrastructures, says Brocade Communications. Read More
Wearable Smart Glasses shipments to reach 10 million by 2018New findings from leading hi-tech analysts, Juniper Research, has revealed that global wearable ‘Smart Glasses’ shipments will reach 10 million per annum by 2018, compared to an estimated 87,000 this year. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHText messaging makes mama mbogas’ lives easier
Innovative students have initiated a programme using text messaging, to aggregate demand and save money for Nairobi’s ‘mama mboga’ vegetable sellers.