Bangalore: NetApp India released the results of its NetApp commissioned IDC study “Here Comes Big Data: Perspectives from Indian Enterprises” that estimates Big Data solutions market opportunity to grow to $153.1 million by 2014. This represents a compounded annual growth rate (CAGR) of 37.8% for the period 2011-2014.

Seeking insights from the end user organizations in India at the given scale for the first time, the study was conducted to understand the challenges of data management today and the need for big data related intelligence and analysis in the fast moving Indian economy.

According to the study, information deluge has become the order of the day among Indian enterprises, with 40% of organizations in verticals like BFSI, Media & Entertainment, Telecommunications, and Government having more than 100 TB data currently. The information-enabled intelligent economy produces a constant stream of data with social interactions, mobile devices, facilities, equipment, R&D, simulations, and physical infrastructure contributing to the Big Data explosion.  As a result, about a third of Indian organizations are witnessing a 60% year-on-year growth in data. Such acceleration was unheard of in the last 5-6 years.

The study reveals that the Big Data Solutions market in India is currently at a nascent stage, with only 5% of the organizations in the large and very large segment (with more than 1000 employees) having embraced this technology. By 2014, IDC expects the market penetration to reach 18.4% of the organizations in the large and very large segment across different verticals.

Commenting on the study Anil Valluri, President, NetApp India Marketing & Services Pvt Ltd, said,   “Data by itself has no value unless it is translated into insight that can help drive business results. Verticals like retail, telecom, and manufacturing can immensely benefit from Big data solutions that dramatically help organizations get control of data and reduce time-to-insight.

“At NetApp, we focus on enabling our customers to not only gain insight from data, but more importantly turn that insight into action..  Our solution sets for managing data at scale are built on E-Series and Data ONTAP platforms, and they efficiently process, analyze, manage, and access data at scale to meet customers’ analytics, bandwidth, and content needs.  NetApp can help customers gain control of data, address business challenges, and turn data-driven insight into actions, real quick”, he further added.