A Big Market for Big Data - Datameer€¦ · 6) Total Data market expected to reach $132bn by 2020;...
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Big data investments continue to rise but are slowing down. Of the major industries, 29 percent of healthcare, 21 percent of retail, 18 percent of services and 17 percent of education segments have fully deployed big data solutions . 7 Seventy-eight percent of enterprises agree that big data has the potential to fundamentally change the way they do business over the next one to three years. 3 Through 2020, spending on cloud-based big data and analytics technology will grow 4.5 times faster than spending for on-premises solutions. 4 The fastest-growing region in the global Hadoop market is Asia Pacific , registering a rapid growth from 2015 to 2023. China and India are analyzed as the leading markets in Asia Pacific. 5 The total data market is expected to nearly double in size by 2020 . 6 By 2020, predictive and prescriptive analytics will attract 40 percent of enterprises ’ net new investment in business intelligence and analytics. But only 50 percent of chief analytics officers will have successfully created a narrative that links financial objectives to business intelligence and analytics initiatives and investments. 8 The top two business goals driving investments in data-driven initiatives are improving customer relationships (55 percent) and making the business more data focused (53 percent). 2 55% 53% $22.8 Discrete Manufacturing $22.1 Banking $16.4 Process Manufacturing $122 in 2015 $187 in 2019 78% A Big Market for Big Data The big question for big data is — what does the future look like? We’ve gathered top predictions to help you see where the data market is heading. 1) Worldwide Big Data and Business Analytics Revenues Forecast to Reach $187 Billion in 2019, According to IDC. 2) IDG Enterprise 2016 Data & Analytics Research, July 5, 2016. 3) IDG Enterprise 2016 Data & Analytics Research, July 5, 2016. 4) IDC’s FutureScape: Worldwide Big Data and Analytics 2016 Predictions 5) Hadoop Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023; Transparency Market Research, March 28, 2016. 6) Total Data market expected to reach $132bn by 2020; 451 Research, June 14, 2016. 7) Gartner, Big Data Industry Insights, 2015. 8) Gartner, 100 Data and Analytics Predictions Through 2020, 24 March 2016. 29% Healthcare 21% Retail 18% Services 17% Education Operational Databases Event and Stream Processing Analytics Databases Reporting and Analytics Data Management Distributed Data Grid and Cache Performance Management Hadoop Search-Based Data Platforms and Analytics Popular market segments include: Big data and business analytics worldwide revenues will grow from nearly $122 billion in 2015 to more than $187 billion in 2019 — an increase of more than 50 percent. 1 Largest Revenue Opportunities in Billions TWITTER: @Datameer datameer.com/company/datameer-blog LINKEDIN: linkedin.com/company/datameer SHARE IMAGE BLOG datameer.com/company/datameer-blog
Transcript of A Big Market for Big Data - Datameer€¦ · 6) Total Data market expected to reach $132bn by 2020;...
Big data investments continue to rise but are slowing down. Of the major industries, 29 percent of healthcare, 21 percent of retail, 18 percent of
services and 17 percent of education segments have fully deployed big data solutions.7
Seventy-eight percent of enterprises agree that big data has the potential to fundamentally change the way they do business over the next one to three years.3
Through 2020, spending on cloud-based big data and analytics technology will grow 4.5 times faster than spending for on-premises solutions.4
The fastest-growing region in the global Hadoop market is Asia Pacific, registering a rapid growth from 2015 to 2023. China and India are analyzed as the leading markets in Asia Pacific.5
The total data market is expected to nearly double in size by 2020.6
By 2020, predictive and prescriptive analytics will attract 40 percent of enterprises’ net new investment in business intelligence and analytics. But only 50 percent of chief analytics officers will have successfully created a narrative that links financial objectives to business intelligence and analytics initiatives and investments.8
The top two business goals driving investments in data-driven initiatives are improving customer relationships (55 percent) and making the business more data focused (53 percent).2
55%53%
$22.8Discrete
Manufacturing$22.1Banking
$16.4Process
Manufacturing
$122in 2015
$187in 2019
78%
A Big Market for Big DataThe big question for big data is — what does the future look like? We’ve gathered top predictions to help you see where the data market is heading.
1) Worldwide Big Data and Business Analytics Revenues Forecast to Reach $187 Billion in 2019, According to IDC.2) IDG Enterprise 2016 Data & Analytics Research, July 5, 2016.3) IDG Enterprise 2016 Data & Analytics Research, July 5, 2016.4) IDC’s FutureScape: Worldwide Big Data and Analytics 2016 Predictions5) Hadoop Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023; Transparency Market Research, March 28, 2016.6) Total Data market expected to reach $132bn by 2020; 451 Research, June 14, 2016.7) Gartner, Big Data Industry Insights, 2015.8) Gartner, 100 Data and Analytics Predictions Through 2020, 24 March 2016.
29%Healthcare 21%
Retail 18%Services
17%Education
OperationalDatabases
Event and StreamProcessing
AnalyticsDatabases
Reporting andAnalytics
DataManagement
Distributed Data Gridand Cache
PerformanceManagement
Hadoop
Search-Based Data Platforms and Analytics
Popular market segments include:
Big data and business analytics worldwide revenues will grow from nearly $122 billion in 2015 to more than $187 billion in 2019 — an increase of more than 50 percent.1
Largest Revenue Opportunities in Billions
T WIT T ER: @Datameer
datameer.com/company/datameer-blog
L IN K ED IN: linkedin.com/company/datameer SHARE IMAGEBLOG
datameer.com/company/datameer-blog
