Hadoop-NoSQL Software and Services Market Forecast, 2014-2017

The market for Hadoop/NoSQL software and services topped $1 billion in 2013 as measured by vendor revenue. Over the next five years, Wikibon forecasts this market to grow to nearly $3.3 billion, a compound annual growth rate (CAGR) of 45%. Demand for new approaches for processing, storing, analyzing and delivering value from Big Data is the main catalyst driving the Hadoop/NoSQL software and services market.