IDC: Big Data Market to Grow to $16.9B by 2015

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A new IDC study says the market for big data technology and services will grow from $3.2 billion in 2010 to $16.9 billion in 2015.

The big data market is expanding rapidly as large IT companies and startups vie for customers and market share,” Dan Vesset, program vice president for Business Analytics Solutions at IDC, said in a statement. “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.”

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