Big Data technology and services market will grow at a 26.4 percent compound annual growth rate (CAGR) to $41.5 billion through 2018, said IDC.
The growth of Big Data will be about six times the growth rate of the overall information technology market.
Big Data will continue to represent a fast-growing multibillion-dollar worldwide opportunity for the next five years. However, overall growth of the individual segments that make up this market are starting to show signs of a slowdown.
“The hype surrounding Big Data appears to be tempering down,” said Ashish Nadkarni, research director, Storage Systems and Big Data research at IDC. “This is a sign that the technologies are maturing and making their way into the fabric of how organizations operate and firms conduct their business.”
Infrastructure will continue to command a large share of the market with 48.2 percent share in 2014.
Though the Americas region is expected to continue leading the way in Big Data investments, the rest of the world is catching up.
EMEA and Asia/Pacific (excluding Japan) commanded nearly 45 percent market share in the infrastructure, software, and services segments of the Big Data market.
Incumbent suppliers will go on an acquisition spree in the Big Data market.