In a new study, International Data Corporation is forecasting that the big data technology and services market will grow at a 27 percent compound annual growth rate (CAGR) to $32.4 billion through 2017 — or about six times the growth rate of the overall information and communication technology market.

Although there are multiple scenarios that could unfold and many demand and supply variables remain in flux, IDC expects the market to exhibit strong growth over the next five years.

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