Big Data Market Size and Vendor Revenues

From Wikibon

By Jeff Kelly with David Vellante and David Floyer

The Big Data market is on the verge of a rapid growth spurt that will see it top the $50 billion mark within the next five years, according to a detailed analysis by Wikibon.

As of early 2012, the Big Data market stands at just under $5 billion based on related software, hardware and services revenue. Increased interest in and awareness of the power of Big Data and related analytic capabilities to gain competitive advantage and to improve operational efficiencies, coupled with developments in the technologies and services that make Big Data a practical reality, will result in super-charged CAGR growth rate of 58% between now and 2017.

As explained in our Big Data Manifesto, Wikibon believes Big Data is the new definitive source of competitive advantage across all industries. For those organizations that understand and embrace the new reality of Big Data, the possibilities for new innovation, improved agility, and increased profitability are nearly endless.

Below is Wikibon’s five-year forecast for the Big Data market as a whole: