Global Big Data Market Revenues to Reach $12.4 Bn in 2013

Monday 5 August 2013, Amsterdam

Although big data is not a new concept, it has emerged as a significant commercial success over the past few years. This report calculates that over the next five years the big data will play an increasingly important role in the business segment as future systems will further exploit the capabilities offered by this technology.

One of the key driving points for big data services has been its applicability to all forms of organizations where some sort of data is being compiled and managed. While all of these organizations might not gain equally from the application of big data, some will thrive from it and others will see results with a lower impact. Nonetheless big data is here to stay and is already being adopted in many sectors including healthcare, communications, retail, transport, private and the public sector.  

Big data has become more of a buzzword recently and 80% of the enterprises in the developed world are now investing at least some part of their IT budget on big data. The overall big data market is growing at a rapid pace and will continue to do so over the forecast period 2013-2018.

The author of the World Big Data Market Opportunities 2013-2018: Converging Data Architectures report commented that ‘The big data market is in its growth stages. The market is offering opportunities to new players with attractive portfolios. However, as the market matures over the next few years, visiongain expects market consolidation in a number of submarkets.’

The 128 page report contains 72 tables, charts and graphs that add visual analysis in order to explain developing trends within the global big data market. This new report provides forecasts for the period 2013-2018 in terms of market size for the global big data market, as well as a breakdown into five submarkets: Big Data Storage, Big Data as a Service (BDaaS), Big Data Software, Big Data XaaS and Big Data Hardware The big data software submarket is further broken down into five categories: SQL, No-SQL, Infrastructure, Analytical and Hadoop The report also includes three different Hadoop based big data market forecasts.  In addition, 5 regional big data markets have been forecasted and analysed over the period 2013-2018. The report also provides profiles of 29 leading companies operating within the global big data ecosystem, and includes 4 exclusive visiongain interviews with prominent companies in the global big data value chain, namely IBM, Informatica, Jaspersoft, and Terracotta/Software AG, providing their expert insight alongside analysis.

The report gives a holistic view of the global big data market and lays a strong emphasis on the dynamics of the market, with a critical analysis of how key industry players can effectively leverage the market in order to get ahead of competition. The report looks at established, emerging and innovative market players, their different offerings and the current and future outlook of the big data market on a global and regional level.