Big Data Market Expected to Grow Rapidly Through 2019

big data and ovum

The big data software market will grow nearly six-fold by 2019, according to IT research firm Ovum’s latest market size and forecast report on information management software.The report highlights the fact that while big data software in 2015 is just a small part of the overall market for information management, it is set to increase at a compound annual growth rate (CAGR) of 50 percent through 2019 and play an increasingly important role that will position big data analytics as a core capability for many enterprises by 2019.