BackgroundFor marker effect models and genomic animal models, computational requirements increase with the number of loci and the number of genotyped individuals, respectively. In the latter case, the inverse genomic relationship matrix (GRM) is typically needed, which is computationally demanding to compute for large datasets. Thus, there is a great need for dimensionality-reduction methods that can analyze massive genomic data. For this purpose, we developed reduced-dimension singular value decomposition (SVD) based models for genomic prediction.MethodsFast SVD is performed by analyzing different chromosomes/genome segments in parallel and/or by restricting SVD to a limited core of genotyped individuals, producing chromosome- or segment-specific principal components (PC). Given a limited effective population size, nearly all the genetic variation can be effectively captured by a limited number of PC. Genomic prediction can then be performed either by PC ridge regression (PCRR) or by genomic animal models using an inverse GRM computed from the chosen PC (PCIG). In the latter case, computation of the inverse GRM will be feasible for any number of genotyped individuals and can be readily produced row- or element-wise.ResultsUsing simulated data, we show that PCRR and PCIG models, using chromosome-wise SVD of a core sample of individuals, are appropriate for genomic prediction in a larger population, and results in virtually identical predicted breeding values as the original full-dimension genomic model (r = 1.000). Compared with other algorithms (e.g. algorithm for proven and young animals, APY), the (chromosome-wise SVD-based) PCRR and PCIG models were more robust to size of the core sample, giving nearly identical results even down to 500 core individuals. The method was also successfully tested on a large multi-breed dataset.ConclusionsSVD can be used for dimensionality reduction of large genomic datasets. After SVD, genomic prediction using dense genomic data and many genotyped individuals can be done in a computationally efficient manner. Using this method, the resulting genomic estimated breeding values were virtually identical to those computed from a full-dimension genomic model.Electronic supplementary materialThe online version of this article (10.1186/s12711-018-0373-2) contains supplementary material, which is available to authorized users.