What is the Market Value of Big Data in Indonesia?

A research institute, the Institute of Director, estimates that Indonesia's Big Data market could reach US$41.77 million, or approximately Rp556 billion, in 2017. The highest market value is projected for the infrastructure provider industry, at approximately US$15.43 million, with a compound annual growth rate (CAGR) of 45.1 percent between 2012 and 2017. Software provision is estimated at around US$12.6 million, and services at US$13.8 million.

Positive trends are indicated by the development of the digital sector in Indonesia, particularly Big Data. The use of big data analytics technology is no longer limited to the telecommunications industry. Several other industries, such as finance, retail, government, insurance, and public services, are considered to have already implemented big data analytics technology in Indonesia. Furthermore, the global research firm Gartner predicts that the use of data analytics by industries globally will increase by 75 percent by 2020.