According to a new IDC projection, worldwide AI spending, including software, hardware, and services for AI-centric systems, is expected to exceed $300 billion by 2026. Also, the global market value of artificial intelligence solutions will surpass $450 billion in 2022 and climb further over the next five years. The whole
The International Data Corporation (IDC) has revealed in its 2014 Western Europe Enterprise Mobility Survey that Western Europe is relentlessly increasing its utilization of big data, despite the scarcity of an accomplished workforce and growing data security concerns. “Western European organisations are catching up rapidly with their north American peers in terms
In a report recently published by IDC, it was suggested that cloud technologies are significantly disrupting infrastructure sales in EMEA, with estimates that $3.4 billion was spent on hardware going to cloud environments during 2013 (marking a 21% increase compared to 2012). “Along with big data, social, and mobility, cloud
Follow @DataconomyMedia (Big Data) Hadoop Market Expected to Grow 25x by 2020: According to a report by Allied Market Research, the global market for Hadoop along with related hardware, software and services is expected to grow at a Compound Annual Growth Rate (CAGR) of 58.2 percent between 2013 and 2020.
In a recent study by IDC, Brazil and Mexico are said to be the biggest markets for sales of big data solutions. The study predicts that both countries will drive growth in Latin America through to 2016. Analysts at IDC estimate that revenue generated from big data – hardware, software
IDC Financial Insights released a report recently, “Best Practices: IDC Maturity Model Benchmark – Big Data and Analytics”, which aims to help financial institutions monitor their level of maturity in big data and analytics (BDA) against market and industry benchmarks. The report was created for institutions to use the IDC
According to Technology Business Review Inc., big data analytics are driving sharp growth for public cloud computing vendors. The report suggests that the top 50 public cloud providers experienced a 47% increase in their combined revenues in the fourth quarter last year, bringing the total to $6.2 billion. In particular,