Marlborough, MA (PRWEB) February 20, 2013
Wikibon, the world’s leading technology research and advisory community focusing on Big Data and Software-led Infrastructure, today released its second annual Big Data Vendor Revenue and Market Forecast report.
Wikibon’s extensive study of the Big Data landscape is the only known effort to size, forecast and provide market share data for leading Big Data vendors. This full report - as is all Wikibon research – can be accessed free of charge at Wikibon.org.
Awareness of Big Data benefits within industries beyond the Web - most notably financial services, pharmaceuticals and retail - powered the 2012 Big Data market. The maturation of Big Data software such as Hadoop, NoSQL data stores, in-memory analytic engines and massively parallel processing databases are providing the infrastructure necessary to sustain substantial market momentum.
Moreover, increasingly sophisticated professional services practices that assist enterprises in practically applying Big Data hardware and software to business use cases are closing the gap between Big Data visions and the lack of skills needed to deliver Big Data project value. As well, the Wikibon study finds increased investment in Big Data infrastructure by massive web properties – most notably Google, Facebook, and Amazon – and government agencies for intelligence and counter-terrorism purposes - is paving the way for the acceleration of Big Data deployments.
"The Big Data market enjoyed significant growth across all market segments in 2012, indicating a healthy and maturing vendor ecosystem," said Jeff Kelly, Big Data Analyst at Wikibon and lead author of the study. "Demand for products and services that help enterprises turn large volumes of raw, often unstructured data into business insight continues to be the driving factor behind this market's exceptional growth."
DEFINING BIG DATA
Wikibon defines Big Data as those data sets whose size, type and speed of creation make them impractical to process and analyze with traditional database technologies and related tools in a cost- or time-effective way. This definition includes:
SLICING THE BIG DATA PIE
The Wikibon study found that professional services revenue currently comprises the largest share of the 2012 Big Data market at 34% share with compute and storage revenue following at 21% and 16% respectively. The preponderance of free, open source software has somewhat lowered software revenue, however it has provided the biggest catalyst for future growth.
Wikibon.org is a professional community solving technology and business problems through an open source sharing of free advisory knowledge. The organization was launched by former IDC, Meta and Gartner analysts with the vision of creating a platform for technology peers to share ideas and collaborate. All content on Wikibon is available for free under an open source license.