Hadoop-NoSQL Software and Services Market Forecast, 2012-2017
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While Wikibon does not believe the Hadoop/NoSQL market is over-funded at this time, it is in fact close to reaching that point. Ultimately, however, Wikibon believes venture funding for Hadoop and NoSQL start-ups will likely peak in 2013, followed by a gradual tapering as the market consolidates. An increasing percentage of venture funding will shift to the Big Data application market during this time.
Action Item: As with any young and developing market, enterprise CIOs and Big Data practitioners should closely evaluate not just technology requirements but also each Hadoop and NoSQL vendor’s business model, commitment to open standards and long-term viability. Expect significant market disruption over the next one to three years in this space. Hadoop and NoSQL start-up vendors should be as transparent as possible with customers on these points.