A spending guide by IDC forecasts that the big data market will grow at a compound annual growth rate of 11.7% though 2020, led by five distinct industries.
The big data and business analytics (BDA) market is predicted to hit $203 billion in the year 2020, up from $130.1 billion in 2016, according to research firm IDC. The findings, released Monday, come from IDC's Worldwide Semiannual Big Data and Analytics Spending Guide.
"The availability of data, a new generation of technology, and a cultural shift toward data-driven decision making continue to drive demand for big data and analytics technology and services," said Dan Vesset, group vice president of analytics and information management at IDC, in a press release.
One of the most interesting takeaways from the report were the
