KDnuggets Home » News » 2014 » Feb » News, Features » Wikibon: Big Data market to reach $50 Billion by 2018 ( 14:n04 )

Wikibon: Big Data market to reach $50 Billion by 2018


New Big Data Vendor market analysis projects growth from $18.6B is 2013 to $50B by 2017, driven by maturing technology and better focus on enterprise-grade capabilities. Lack of best practices and concerns over security and privacy remain major obstacles.



By Gregory Piatetsky, Feb 11, 2014.

Wikibon latest update to Big Data Vendor Revenue and Market Forecast 2013-2017, posted by Jeff Kelly, indicates that Big Data market has reached $18.6B in 2013, growing 58% over the past year.

Of this amount,
  • Big Data-related services revenue were 40%
  • Hardware - 38%
  • Software - 22%.

Wikibon comments that such breakdown is due partly to the open source nature of much Big Data software.

Wikibon Big Data Vendor Revenue and Market Forecast 2011-2017

Wikibon lists several main drivers for the growth of Big Data market in 2013:

  • Vendors better articulated their product & services roadmaps and larger visions for Big Data in the enterprise, creating greater confidence from enterprise buyers.
  • The products and services related to Big Data continued to mature
  • New technologies for enterprise-grade capabilities are appearing, including better privacy, security and governance capabilities, and improved backup & recovery for Hadoop.

 
  The main barriers for adoption include
  • A lack of best practices for integrating Big Data analytics into existing business processes and workflows.
  • Concerns over security and data privacy

 
  Here are the revenues of companies whose main focus was "Big Data" - their "Big Data" revenue was over 50% of their overall revenue. Only Pivotal had a non-zero % for hardware revenue - for all other companies in the table below, hardware revenue was zero.
 
  2013 Worldwide Big Data Revenue by Vendor ($US millions)
(source: Wikibon Big Data Vendor Revenue and Market Forecast 2013-2017).

Company 2013 Total Revenue % Big Data Software Revenue % Big Data Services Revenue
Palantir $4185050
Pivotal$300 5035
Splunk$283 7129
Mu Sigma$160 0100
Actian$138 7327
Opera Solutions$124 0100
MarkLogic$96 7921
Syncsort$75 973
Cloudera$73 5347
MongoDB$62 5644
Hortonworks$55 7327
Guavus$54 6139
Alteryx$48 9010
1010data$45 0100
MapR$35 7723
Attivio$29 6238
DataStax$26 8515
Attunity$30 7426
Fractal Analytics$27 0100
Datameer$17 8218
Couchbase$17 7129
Basho$16 7624
Kognitio$15 4753
Sumo Logic$14 0100
SiSense$14 7921
Revolution Analytics$12 6733
Aerospike$12 928
Neo Technologies$12 6733
Digital Reasoning$11 6436
Tresata$10 9010
Rainstor$10 7030
Think Big Analytics$10 0100

Sign Up

By subscribing you accept KDnuggets Privacy Policy