While the specifics may vary, one thing virtually every research company agrees on is that big data is already a significant market, and it’s getting bigger with each passing day. IDC suggests that big data will become a $125 billion market this year. And as if that weren’t enough to excite tech companies on the forefront of this cutting-edge industry, IDC expects that big data associated with the Internet of Things (IoT) — one of the primary drivers of data collection — will enjoy a compound annual growth rate (CAGR) of 30% over the next five years.
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