Forrester: The compound annual growth rate of the big data market will reach 12.8% in the next five years.
The latest forecast from Forrester shows that the big compound data market will grow at a compound annual growth rate of 12.8% in the next five years. This market is divided into six parts by Forrester, including enterprise data warehouse, NoSQL, Hadoop, big data integration, data virtualization and in-memory data structures. The Forrester survey found that in 2016, nearly 40% of companies are implementing and expanding the use of big data technology, and another 30% plan to apply big data in the next 12 months. The memory data structure is on the rise, and Forrester data shows that the memory data structure will grow by 29% per year during the forecast period. Interest in non-relational databases (NoSQL and Hadoop) is also growing. NoSQL and Hadoop will grow by 25% and 33% each year during the forecast period. Of the respondents, 41% are implementing and expanding the use of NoSQL, and another 20% plan to implement it in the next 12 months. 30% of respondents achieved Hadoop this year, a figure of only 26% in 2015. The increase in cloud unstructured data storage using Hadoop will increase from 29% in 2015 to 35%. In addition, market growth varies by industry. In the next five years, the pharmaceutical, transportation and primary production industries will maximize the use of big data technology. Currently, professional services, telecommunications, government and financial services are the largest users. Field Bus,M12 A-Code Connector,M12 Profibus Cable,Custom Devicenet Connection Cable Kunshan SVL Electric Co.,Ltd , https://www.svlelectric.com