IDC: Analytics Will Be a $51B Business by 2016

How big is Big Data? Jeremy Geelan writes that the business analytics software market has crossed the chasm into the mainstream mass market.

In 2011, the business analytics market extended its post-2009 recovery with another stellar performance by growing worldwide revenues 14.1% year over year,” said IDC’s Dan Vesset. “International Data Corporation forecasts, in fact, that it will continue to grow at a 9.8% compound annual growth rate (CAGR) through 2016 to reach $50.7 billion.

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