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
Citrix appoints new vice president for EMEACitrix has announced the appointment of Sherif Seddik as Managing Director and Vice President for Europe, Middle East and Africa (EMEA). Read More
Huawei sponsors students for China study tripHuawei Technologies Botswana recently teamed up with Botswana's Ministry of Education and Skills Development to award a sponsorship for ten ICT students to study Huawei corporate culture and other see the latest ICTs in China. Read More
Second ‘ICTs into learning’ course concludedThe Botswana College of Distance and Open Learning (BOCODOL) has just concluded its second workshop on Integrating ICTs into teaching and learning at its head office in Gaborone. Read More
2nd eCommerce Expo opens in AccraThe second eCommerce Exposition has opened in Ghana’s capital Accra with a call on eCommerce service operators to provide easy and accessible online trading platforms to meet the ever growing demand of the country’s emerging middle class. Read More
Millennium Bim selects Ingenico Group to upgrade its POS fleet in MozambiqueIngenico Group, a leader in seamless payment, has announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales throughout the country. Read More
Gartner CIO Survey shows digital business means platform businessCIOs expect digital revenue will grow from 17 per cent in 2015 to 38 per cent of total private sector revenue by 2020, according to a Gartner, Inc. survey of 1,075 CIOs in EMEA. Read More
Ericsson, Worldwide E-Learning Campus invest in ICT skills development in RwandaWorldwide E-Learning Campus (WEC) in Rwanda has launched a partnership with Ericsson to develop professional ICT competencies within the country. Read More
Global mining leaders discuss digitised mine of the futureMembers of the SAP Advisory Council for Mining are meeting in Cape Town, South Africa, for two days of in-depth discussions on the processes and technologies that will support and drive the digital mine of the future. Read More
Ericsson showcases solutions for a smart Africa at Transform AfricaAt the Transform Africa conference in Kigali, Rwanda, Ericsson is demonstrating the transformation that information and communications technology (ICT) and a truly Networked Society can deliver. Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.