The Big Data Technology Award is a multi-billion dollar global opportunity

According to foreign media reports, market research firm IDC recently released a research report that the big data technology and services market from now to 2017 CAGR is expected to reach 27%, the growth rate is the entire information and communications technology market 6 times the growth rate, the size of the market by 2017 will reach 32.4 billion US dollars. Although there are many unforeseen circumstances and many changes in demand and supply, IDC expects this market to grow strongly over the next five years.

Dan Vesset, IDC's vice president for business analytics and big data research, said the big data technology and services market is a rapidly growing multibillion-dollar global opportunity. As large IT companies and startups compete for customers and market share, the big data market will rapidly expand.

Other highlights of the IDC study include:

Individual market growth rates are different, the cloud infrastructure market is the highest growth rate, from now until 2017 CAGR of 49%.

· Decision-making automation solutions based on big data technology will increasingly replace the task of knowledge workers or have a significant impact on the tasks of knowledge workers.

Large amounts of data that can be interpreted as big data in the data center will be processed in the cloud or archived in the cloud. This will reduce the traditional storage revenue in the data center.

Ashish Nadkarni, IDC's director of storage systems and big data research, said that due to the rapidly evolving nature of this market, IDC will continue to evaluate this method and forecast based on its development. IDC made many changes to the prediction of the big data market size. The forecast in this report adds infrastructure software such as security and database management and high-performance data analysis. IDC believes that high-performance data analysis is part of the high-performance computing market, in line with IDC's Big Data definition.