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
Continual service improvement: key to tackling top ITSM challengesA lack of understanding of ITSM and its impact on business hindered its effectiveness in 2014, says Marval Africa. Read More
Advanced analytics and telecoms – a power combinationTelecommunications and advanced analytics are a symbiotic duo that can help fast track African development and revolutionise business, says LGR Telecommunications. Read More
Cameroon college gets affordable, quality Keepod devicesTeaching and learning have since dramatically changed and improved at the College Socka Bongue in Cameroon thanks to the supply by Keepod of 650 computing devices and 26 laptops, with each device costing as little as US$7. Read More
Elephant census not ready for drone technologyElephants Without Borders, a Botswana conservation project which is bankrolled by Microsoft co-founder Paul Allen, has shelved the use of drone technology during future elephant census expeditions. Read More
Indigenous technical skills critical to growth, says Skysat chiefSkysat Technologies Limited CEO Izzat Debs says the conscious development of indigenous technical skills in Nigeria remains one of the ways of developing the ICT sector of the country to make it grow the nation’s GDP. Read More
Products and services to go on show at WATSE 2015Telecoms operators, smartphone companies, ICT service companies and other allied companies will showcase their products and services at this year’s West Africa Telecom Summit and Expo (WATSE 2015), to be held on 21 – 22 May at Movenpick Ambassador Hotel in Accra. Read More
Silicon Congo project to boost ICT entrepreneurshipICT entrepreneurs in Congo Brazzaville have been given a platform to take off, grow and prosper by Silicon Congo, a new project launched early this week in the capital Brazzaville by the BantuHub Foundation. Read More
Cisco opens 5th academy in BotswanaCisco Systems has opened its 5th Cisco Academy in Botswana, with online curricula, virtual learning tools, instruction support as well as teacher training and professional development opportunities. Read More
According to VMware the future of the SAN is virtualCustomers looking to deploy SAN based environments that can scale quickly, support software-defined computing and deliver on increased performance need look no further than VMware’s new Virtual SAN 6. Read More
FEATURED STORYMalawi Govt denies clinging to ‘Cashgate’ software
The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.
BEST READ NEWS
IN DEPTHKenya’s digital TV battle hots up
Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.
COMPANY NEWSMTN demonstrates the benefits of its video on demand offering
MTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering.VMware appoints Bask Iyer as chief information officer
VMware has announced the appointment of Bask Iyer to the role of senior vice president and chief information officer (CIO) of VMware.