Big Data Vendor Revenue and Market Forecast, 2013-2017

The Big Data market is on the verge of a rapid growth spurt that will see it over the $50 billion mark worldwide within the next five years. The analysis in this in-depth research report highlights Wikibon’s five-year forecast for the Big Data market as a whole as well as vendor revenue estimates. It includes full analysis of the leading market growth catalysts and advice for enterprise CIOs and business leaders looking to capitalize on Big Data and business analytics. Broken down by type, Big Data-related services revenue made up 40% of the total market, followed by hardware at 38% and software at 22%. Such a breakdown is due in part to the open source nature of much Big Data software and related business models of Big Data vendors, as well as the need for professional services to help enterprises identify Big Data uses cases, architect solutions and maintain performance.