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2022/02/23 14:32:32

Big Data Global Market

* Big Data - System and Project Catalog

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2021: Big Data Market Reached $162.6 Billion

According to the results of 2021, the costs of companies and government agencies for working with Big Data tools in the world reached $162.6 billion, analysts calculated MarketsandMarkets (data released in February 2022). They did not specify the dynamics of the market compared to 2020, but said that revenue on it is increasing and will remain growing in subsequent years.

Big data is increasingly being used by companies and government agencies, they said, as they serve various purposes, such as fraud detection and risk management.

The volume of the Big Data market for 2021 was estimated at $162.6 billion

Working with big data requires a special infrastructure and competencies that single players have in the Russian market, primarily IT and telecom companies. According to experts, even a large company often has difficulties not only with independent high-quality analysis of Big Data, but also with its collection. The reasons can be different - from lack of specialists to lack of infrastructure. Increasingly, companies prefer to outsource research because uploading, processing, and aggregating data requires a lot of work.

According to the study, North America accounts for the largest share of the Big Data tools market. In this region, data collection technologies from different sources and their subsequent consolidation into a single pool and big data analytics are considered high-performance solutions in various industries. At the same time, in Europe, these advanced solutions are also gradually being introduced in business.

The Asia-Pacific region saw a significant increase in big data use in 2021 due to growing digitalization and a surge in demand for centrally managed systems.

According to IDC experts, in 2021, the volume of the global big data and business intelligence (BDA) market amounted to $215.7 billion, an increase of 10.1% compared to 2020. In their calculations, analysts take into account commercial purchases of equipment, software and services related to BDA.

About a third of big data and business analytics spending in 2021 came from three industries: the banking sector, discrete manufacturing and professional services. The next three largest investments in the BDA segment - continuous production, telecom and the government - added $47 billion to the market in 2021. The fastest growing costs in the coming years are expected among telecommunications operators, the researchers say.

The largest category of the BDA market is IT services, whose sales in 2021 exceeded $85 billion. The companies spent on BDA software was measured at $82 billion, and half of this amount came from three types of applications: tools for generating end-user requests, reports and analysis, as well as relational data warehouses and a repository of non-relational analytical data.

The largest developers of solutions in the field of Big Data according to the results of 2021: IBM, Google, Oracle, etc.

According to the results of 2021, MarketsandMarkets analysts attributed the following companies to the largest developers of Big Data solutions:

2020

Data Age Report Data


According to the Data Age Report, humanity has formed about 51 zettabytes of information in 2020. By 2025, the volume of these data will grow to 175 zettabytes annually

ResearchAndMarkets: Big data analytics market to grow by 11.9% on average from 2020 to 2028

In September 2020, ResearchAndMarkets published a report on the global big data analytics market. According to published information, the global big data analytics market is estimated at $41.85 billion in 2019. According to analysts, it will grow to $115.13 billion, with an average dynamics of 11.9% during the forecast period from 2020 to 2028.

As noted in the report, big data analytics can be called the heart of the digital world, based on the analysis and transformation of data into information that provides valuable ideas for business. Cloud platforms are central to big data analytics applications. At the same time, large organizations mainly use a hybrid cloud platform to conduct big data analysis, while public clouds predominate among small and medium-sized organizations.

EU creates single data market to make European IT companies better than US and Chinese

At the end of January 2020, it became known that the European Union wants to create a single data market that should resist the dominance of such tech giants as Facebook, Google and Amazon.

This proposal underlines the EU's desire to break the dominance of US technology companies in the field of working with huge amounts of data and circumvent Chinese competitors.

European Commission develops uniform rules and standards for data exchange between EU countries
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Currently, a very small number of large technology companies store a significant part of the world's data. This is a serious obstacle to the development of business based on data, for the emergence and growth of new companies and the introduction of innovations, including in Europe, but with the right approach, huge opportunities can open up for us, the European Commission said in a proposal.
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The document, which covers 25 pages, also emphasizes the urgency of the task ahead.

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Competitors such as China and the United States are already innovating and presenting their concepts of access to and use of data around the world, commission members warn.
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They suggest that the EU can independently benefit from the vast amount of industrial and professional data in order to promote technological innovation in Europe. The aim is to "create a single European data space, a genuine single data market."

Measures to achieve this objective include a number of new regulations on transboundary data use, data interoperability and standards related to production, climate change control, automotive, health, financial services, agriculture and energy.

The Commission proposes to remove rules that prevent data sharing and possibly introduce new ones that will prevent large online platforms from imposing conditions on data access.[2]

2019

Frost & Sullivan: Big Data Analytics Market to Grow 35.9% Annually

Big Data Analytics (BDA) is becoming one of the most sought after tasks in today's business. According to Frost & Sullivan estimates in 2021, the total volume of the global big data analytics market will increase by more than 2.5 times compared to 2016 and amount to $67.2 billion, at an annual growth rate (CAGR) of 35.9%. At the same time the manufacturing sector, finance, health care, the environmental protection (EP) and retail trade will become the largest segments of the market, reported to TAdviser in Frost & Sullivan on January 28, 2019.

Analytics big data includes analysis of large, complex and often unstructured sets, data which allows to identify valuable information, accurately determine trends, predict production indicators and optimize costs. In the manufacturing segment and other industrial industries, analysts record increased demand for BDA: the increase in investment in big data analytics is due to the need to increase enterprise productivity and optimize resources.

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The development of the big data analytics market in the production sector is largely determined by the general trend of Industry 4.0, characteristic of creating smart industries, "said Denis Stepanov, Frost & Sullivan business development manager in Russia. - In the retail, healthcare, banking and finance segments, BDA has been applied for the past few years. In the near future, the direction of personalized services will be widely used. The demand for big data analytics in the field of environmental protection will be high, especially in developing countries in the Asia-Pacific region.
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According to representatives of Frost & Sullivan, the use of BDA allows you to provide a deep understanding of client needs, which is especially important for smart banking. In the financial segment, big data analytics is used to personalize services, forecast/prevent customer outflows, detect fraud, and so on. For example, MoneyGram International, an international payment services company, has implemented IBM InfoSphere Identity Insight to control finances and prevent fraudulent transfers.

Big data analytics are also increasingly being used by private companies and government organizations to assess environmental risks, optimize resource use and enforce environmental compliance. Global Forest Watch 2.0 is one of the forest conservation projects implemented by the World Resource Institute in collaboration with Google Inc. Since the start of the project and implementation of BDA solutions in 2013, the rate of deforestation of the Amazon has decreased by 80% compared to 2004.

According to Denis Stepanov, by 2025, the area of ​ ​ use and the number of projects introducing big data analytics will also increase significantly. In particular, BDA will be used in such areas as real-time risk management, blockchain analytics and remote monitoring of analyzed objects, the expert said.

2018

Big Data and Business Intelligence Market On The Rise

In 2018, the global Big Data and Analytics (BDA) software market reached $60.66 billion, which is 12.3% more than a year earlier. This is evidenced by data from IDC analysts .

BDA solutions include tools and applications that allow you to collect, manage, organize, analyze, access, and transfer structured and unstructured data. Big data analytics include analysis of large, complex, and often unstructured datasets to identify valuable information, accurately identify trends, predict production performance, and optimize costs.

Big Data and Business Intelligence Software Market Leaders

IDC divides the big data and business analysis software market into three main segments:

  • Business Process Performance Management solutions based on data analysis
  • Business intelligence tools
  • Platforms for data integration and management.

Oracle is named the largest producer of BDA programs, which in 2018 earned almost $8 billion in this market, which corresponds to a share of 13.2%. In second place is Microsoft with 11.7% presence. At the same time, corporate revenues increased by 23.6%, which allowed Microsoft to approach Oracle. The leading three closed SAP (10.4%).

Microsoft is named the leader in the business intelligence tools segment, which accounted for 10.6% of sales of such software in 2018. Following Microsoft is SAP, which recorded 8.6% of the segment in the asset, on the third line is located IBM (7.8%).

If there is no clear leader in the business intelligence solution category, advanced software and predictive analytics manufacturers dominate. SAS According to the results of 2018, the company's share in this segment turned out to be 27.7% compared to 30.1% in 2017. IBM was in second position with a 12.5% share, in third - (MathWorks 11%).

BD Market Categories

The study also indicates a sector of software platforms based on artificial intelligence. There are no equal IBM, which accounted for 9.3% of such software in 2018. Next is a dense group of pursuers, consisting of the following companies: SAS, Microsoft, Palantir, Google and Amazon Web Services (AWS). Their shares in the segment are about 2-3%.

SAS gave the first place in terms of software implementation for data integration with a share of 17.8% in 2018. The top 3 companies Informatica and IBM received shares at the level of 16.8% and 15.6%. Microsoft is another major producer of such solutions, and the rest of the companies are far behind the leaders.

The first place in sales of software for analyzing the relationship of companies with customers is shared by Adobe and Salesforce, which earned about $1.2 billion from such products in 2018. Oracle was still in the top three.

As reported in the IDC study, digital transformation has become a key driver of rising BDA costs through leadership initiatives, leading to a deep assessment of existing business practices and requirements for better, faster, and more complete access to data, analytics, and understanding.

Companies are rebuilding their architecture to meet these needs and investing in modern technologies that will enable them to innovate and remain competitive. BDA solutions underlie many of these investments.

Artificial Intelligence Software Market Leaders

More and more companies are beginning to understand the need for more decisive action in the plan of BDA initiatives. Previously, activity in this area was mainly in preparation for the implementation of Big Data processing and business analysis technologies. As a result, a significant part of the costs was spent on hardware and consulting services. However, in 2018, the situation slowly began to change as companies move from the preparation stage to the actual implementation of BDA. This is expected to drive up costs for platforms, tools, and applications that deliver real revenue.

Most of all, representatives of industries such as the banking sector, discrete and continuous production, professional services and the federal government invest in Big Data processing technologies and business intelligence.

The study for 2018 does not name the largest market for BDA solutions. IDC analysts issued a forecast according to which the United States leads the business analytics market, which will account for about $100 billion in revenue in 2019. In subsequent years, the American market will occupy more than half of the investment in BDA.

Analysts call Japan the second largest sales region for working with big data, where expenses in 2019 will be measured in the amount of $9.6 billion. The top three will include Britain ($9.2 billion), followed by China ($8.6 billion) and Germany ($7.9 billion).

According to Frost & Sullivan analysts, the global market for big data analysis tools will grow by about 35.9% annually and reach $67.2 billion in 2021, which is more than 2.5 times higher than in 2016. Most often, BDA technologies will be used in areas such as manufacturing, finance, healthcare, environmental protection, and retail.[3]

China has become a leader in the volume of data created

In February 2019, it became known about China's leadership in terms of the amount of data generated. In subsequent years, the gap between the Middle Kingdom will only increase.

According to a study conducted by IDC analysts together with Seagate, in 2018, Chinese companies and consumers produced 7.6 ZB of data, while in the United States the figure was 6.9 ZB. These countries are projected to generate 48.6 ZB and 30.6 ZB in 2025, respectively.

As for global indicators, in 2018 data on 33 ZB were born, and by 2025 they will already be 175 ZB in the world. The largest growth in data output will be shown by entertainment platforms, video surveillance systems, Internet-connected equipment and productivity tools.

If the US in 2025 should create 30.6 zettabytes, then China will have 18 zettabytes more by the same time

In the analytical report, the data is called the "heart of the digital world" and "the most valuable intangible asset of companies that can provide a competitive advantage in digital transformation." Business uses data to enter new markets, improve customer service, and create additional revenue streams by selling this information.  Analysts add that information is increasingly seen as the currency on  which the global economy relies.

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The data are  at the heart of the digital world,  and we  are increasingly turning into  an information economy, the report says.
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According to experts, in China, the rate of data generation will be about 3% higher than in the world as a whole. China will break away from other countries due to its huge population, as well as the development of new technologies, such as the Internet of Things and 5G networks.

The study authors also point out that the use of personal information is increasingly a concern, as data can be used to construct behaviors or responses.[4]

2017

Changes in the top three: Microsoft ahead of SAP

In September 2018, the analytical company International Data Corporation (IDC) presented some results of a study of the global Big Data software market and analytical tools. At the end of 2017, sales of such software on a global scale reached almost $45 billion against $40.8 billion a year earlier and $37.5 billion in 2015. The top ten producers accounted for more than 70% of revenues in the market under consideration.

This is software that IDC explains allows you to collect, manage, organize, analyze, access, and distribute structured and unstructured data.

The Big Data and analytics software market is divided into the following segments:

  • Performance management and analysis applications
  • business analytics and analytical tools;
  • Data analysis management and platform integration software.

Each of these categories has subsegments, which are shown in the illustration below:

Split Big Data and Analytics Software Market into Segments and Sub-Segments, IDC Data

The largest manufacturer of software for working with Big Data and analyzing information in IDC is called Oracle, whose market share in 2017 was 16.5%. Microsoft (12.8%), which was able to outperform SAP (12.7%), which held the second position in 2016, also fell into the top three.

Major vendors of Big Data software and analytics tools, IDC data for 2015-2017

Following in the ranking of the largest developers are located

From the point of view of sales of business intelligence software (taking into account analytical tools) in 2016, Microsoft took first place, and in 2017 - remained in German. SAP, which led in 2015, slipped to second position. The third line is taken by IBM, the fourth - SAS, the fifth - Oracle.[5]

IDC: Market Volume Forecast

According to the updated IDC semi-annual forecast (March 2017), in 2017, global revenue in the big data and business intelligence (BDA) market will reach $150.8 billion, an increase of 12.4% compared to last year. Commercial purchases of BDA-related equipment, software and services are expected to show an average annual growth rate (in complex percentages, CAGR) of 11.9% between now and 2020, when revenue will be more than $210 billion.

Segments with the fastest growth in big data and analytics costs: CAGR for the period 2015-2020. Source: IDC

The most significant investment in BDA technologies in 2017 is expected in the banking sector, in discrete and continuous production segments, in federal/central government bodies, as well as in the field of professional services. Collectively, these five segments will spend $72.4 billion on BDA this year. They will remain the largest spending segments in 2020, when their total investment will amount to $101.5 billion. The banking sector (CAGR 13.3%) and healthcare, insurance, the securities and investment management services segment, as well as the telecommunications services industry (each with CAGR 12.8%) will show the highest growth rates for BDA spending. It should be noted, however, that only three of the segments considered in the IDC forecast will demonstrate double digit CAGR during the 2015-2020 period.

The leading investment in BDA technologies will be the IT and business services segments, which together will account for more than half of all spending on big data processing and business analysis in 2017 and during the forecast period. Spending on services will also show the highest growth rate, with a five-year CAGR of 14.4%. Investment ON in will grow to more than $70 billion in 2020, the bulk of which will come from end-user survey processing, reporting and analysis tools, and data warehouse management tools. Non-relational analytics repositories cognitive and software platforms (CAGR 38.6% and 23.3%, respectively) will show the highest growth rates as organizations expand their use of big data and analytics. Server and SHD BDA-related purchases will grow by 9.0% annually (CAGR) and reach $29.6 billion in 2020.

As for the size of customer companies, very large organizations (with a staff of more than 1 thousand people) will bring more than 60% of all revenue from BDA during the forecast period, and IDC expects that in 2018 this group as a whole will exceed the $100 billion spending bar. The small and medium-sized business segment will also actively purchase BDA funds, accounting for almost a quarter of global revenue from companies with less than 500 people. personnel.

As for the picture by region, the United States will be the largest market for big data processing and business analysis, and in 2017 costs here will reach $78.8 billion. The second largest expenditure will be in Western Europe ($34.1 billion in 2017), followed by the Asia-Pacific region without Japan ($13.6 billion). The highest growth rate for BDA spending will be seen in Latin America and APeJ, with a five-year CAGR of 16.2% and 14.4%, respectively.

2016

IDC: $130 billion Market Volume

According to preliminary data from IDC analysts, in 2016, the global market for software, equipment and services in the field of business intelligence and big data (Big Data) amounted to $130.1 billion, which is 11.3% more than a year earlier.

Most of these expenses - about 13.1% or $17 billion - came from the banking sector (see figure below). The second and third places were taken by discrete and continuous production (11.9% and 8.4%, respectively). The share of investments from public authorities and companies providing various types of professional services was measured at about 7.5%.

Cost Sharing for Business Intelligence and Big Data Solutions, IDC 2016 Preliminary Data

It is expected that in 2015-2020, the fastest growing sales of solutions for Big Data and business intelligence will be in the banking sector. In addition, telecommunications, utilities, insurance and transportation markets will experience strong growth.

As for segments, IT and business services will demonstrate the highest sales, which will account for more than half of the revenue in the Big Data and business intelligence technologies market from 2015 to 2020. The service segment will grow by 14.9%, the equipment segment - by 8.7%. The latter will reach $29.9 billion in 2020 against $60 billion from the software segment, researchers predict.

According to Dan Vesset, vice president of IDC Analytics and Information Management, the demand for big data and business analytics technologies and services is stimulating factors such as data growth, the development of new technologies and a cultural shift towards information-related decision-making. Experts expect that from 2015 to 2020, the market volume will grow by an average of 11.7% annually and exceed $203 billion by the end of this period.[6]

Wikibon Big data Project data

Big Data Market Growth Forecast, 2011-2020 ($ bn), Wikibon

IDG Data

2014

IDC: Big Data Solution Market Volume to Reach $41 Billion by 2018

IDC published a study in September 2014 according to which the market for big data technologies and services will grow by about 26.4% annually and reach $41.5 billion by 2018. Despite a decline in growth speed - IDC predicted an annual 27% growth rate for the market in the last five-year forecast - this segment will still grow 6 times faster than the most IT market. Researchers note that in 2014, equipment accounted for 48.2% of the total big data market. Experts also expect that active acquisitions in this market will continue.

Other think tanks also confirm the shift of big data technologies to a higher level of development. In August, Gartner published the latest version of the Technology Maturity Cycle. In the updated chart, big data left the peak of excessive expectations that they occupied last year and went into the stage of getting rid of illusions (Through of Disillusionment). According to experts, big data will reach the final stage of maturity in 5-10 years. In the meantime, Data Science appears at its peak, combining the entire range of big data approaches.

Despite the fact that the United States still accounts for the most investments in these technologies, the rest of the world's players tend to show more activity than before. So, according to IDC, in 2014, the countries of Europe, the Middle East, Africa and the Asia-Pacific region (excluding Japan) accounted for about 45% of the market for big data equipment, software and services.

According to the IDC forecast announced in January 2013, the global Big data technology market will grow by an average of 31.7% per year and reach $23.8 billion by 2016. Analysts note the rapid growth of relevant technologies and services, as well as the active formation of subsegments of this market, including the emergence of new ones. Over the next four years, the market will maintain these high growth rates, experts say.

The growth of certain segments of the global Big data market will vary from 21.1% for services to 53.4% for storage systems. The high growth rate in the big data storage segment is due to the peculiarities of their use at the moment.

The lack of market professionals with expertise in analytics and big data management will lead to more customers choosing cloud solutions, as well as outsourcing analytics services, not just technologies.

Big data solutions for processing data generated by machines will begin to gain momentum towards the end of the forecast period. These are the main trends expected by IDC in this market.

2013: IDC Draws Incredible Big Data Prospects

According to the IDC forecast updated in January 2013, the global Big data technology market will grow by an average of 31.7% per year and reach $23.8 billion by 2016. Analysts note the rapid growth of relevant technologies and services, as well as the active formation of subsegments of this market, including the emergence of new ones. Over the next four years, the market will maintain these high growth rates, experts say.

  • The visual data analysis tools segment will grow 2.5 times faster than the rest of the business analysis tools market. By 2018, investments in data visualization systems, convenient for independent use by all users, will become mandatory for all enterprises.

  • In the next five years, big data cloud and analytics costs will grow three times faster than on-premises solutions. Hybrid cloud systems will become mandatory.

  • Lack of qualified personnel will continue. In the United States alone in 2018 there will be 181 thousand jobs for in-depth analysis specialists and five more for workers with skills in data management and interpretation.

  • By 2017, the foundation of the Big Data and Analytics strategy will be a single data platform that runs information management, analysis, and search tools.

  • Applications with complex and predictive analytics, including machine learning technologies, will grow faster in 2015. The segment of these applications will grow 65% faster than the market for applications that do not have forecasting functions.

  • 70% of large organizations already acquire external data, and by 2019 this figure will increase to 100%. At the same time, more organizations will begin to extract revenue from their data by selling them or providing some valuable content based on them.

  • The introduction of technologies for continuous analysis of event flows in 2015 will accelerate due to the spread of IoT technologies, and the average growth rate of the IoT market over the next five years will be 30%.

  • The decision management platform segment until 2020 will grow by 60% annually - due to the need to systematize the decision-making process and maintain knowledge about it.

  • The market for media analysis systems - video, audio and images - will grow at least three times in 2015, the corresponding tools will account for the majority of all investments in Big Data and analytics technologies.

2012

IDC: Big Data spending growth forecast to $34 billion in 2013

In the next 8 years, the amount of data in the world will reach 40 zettabytes, which is equivalent to 5200 gigabytes (GB) for each resident of the planet, according to a study by IDC Digital Universe, published in December 2012. 40 zettabytes is equivalent to 40 trillion GB, which is 57 times more than the number of sand on beaches on the entire surface of the Earth. According to forecasts, the amount of data on the planet will double every two years until 2020.

About $34 billion will be spent on big data technologies in 2013 in the world, and by 2015 4.4 million jobs will be created in this sector, but the most difficult issue is still what results are expected to be achieved. Even banks do not analyze large volumes of data on a production scale, since most of them are well organized and stored on mainframes. Retail chains have moved farthest in this direction. They successfully process data from radio frequency identification (RFID) tools, supply systems, and purchasing cards. In many other industries, they are just starting to look for ways to monetize the available data - but not all data is a resource, and some of them spend extra money on analysis, the analyst points out.

IDC: World Big Data Market Volume in 2012 - $8 billion

IDC analysts estimated that the volume of the global Big Data market, taking into account infrastructure costs, including using Cloud technology, cleanup costs, data processing, and so on, amounted to about $8 billion in 2012. The world will be the fastest to develop the share of storage systems, then cloud technologies (Iaas), turnkey solutions. Big Data technologies can be useful in medicine, for example, for analyzing patient health monitoring, and building knowledge about the human body. These technologies can be used to improve the life of the city (they are introduced in London and Barcelona for planning transport infrastructure).

Meanwhile, global spending on big data in 2012 was supposed to be $28 billion, and in 2013 - already $34 billion, according to the forecast[7], published by Gartner in October 2012. Most of these funds will be spent on adapting traditional solutions to work with big data, and on developing a new functionality for bid data - only $4.3 billion in 2012.

Analysts note the greatest impact of big data in such areas as social network analytics and content analytics: they will account for 45% of expenses in both 2012 and 2013. Other technology areas that are significantly affected by big data are application infrastructure, middleware, ON storage software, database management systems, data integration, and. BI SCM

Mark Beyer, vice president of Gartner, said that in 2011 big data became the new driver of IT spending in almost all categories. According to him, by 2018-2020, nevertheless, the requirement to support big data will become absolutely routine for all traditional vendors of industrial IT solutions.

According to the expert, the big data phenomenon has a "distributed" impact on the information technology market, so that at a certain point in time big data support will become no more than an industry standard, and "big data" will again become "just data." Those technologies that cannot meet the new information reality will become obsolete. Moreover, organizations that resist these changes will experience severe economic consequences.

IDC: November 2012 market growth forecast of 50% to $7 billion

According to the results of 2012, the global volume of the Big Data market will grow by almost 50% to $7 billion from $4.8 billion in 2011. This was announced on November 15, 2012 by IDC Russia Research Manager Alexander Prokhorov. At the same time, in 2011, the distribution of the Big Data market into segments was as follows: 41% fell on services, 30% on software, 14% on server technologies, 12% on storage technologies, 3% on network technologies.

Most of the Big Data market (but not all) belongs to the business analytics market, which is projected to IDC be about $100 billion in 2012. According to an IDC survey, 75% of organizations in the world with more than 500 employees plan to invest in business data analysis solutions in the next 12 months.

According to IDC forecasts, the Big Data technology-related market will grow to $16.9 billion in 2015. That is, it will show a combined annual average growth rate (CAGR) of 39.4%, or will grow about seven times faster than the ICT market as a whole.

PAC predicts market growth 7 times in 6 years

The global market for processing solutions big data () Big Data will grow almost 7 times to 20 billion euros in 2016 compared to 3 billion euros in 2010, analysts came to such conclusions PAC in a study published at the end of September 2012.

According to the agency, the annual market growth will be about 38% from 2010 to 2016. The popularity of Big Data is explained by analysts by the fact that the segment allows you to use advanced functionality, without requiring additional specialized skills, while the system integration (SI) segment like it already requires a different level of approach to work.

"We see a lot of interest in Big Data from many companies operating with a large amount of unstructured information, such as magazines, analytical companies," says Philippe Carnelli, chief analyst at Software PAC. "At the same time, there are several factors that so far restrain market growth."

According to the analyst, Big Data can significantly facilitate and improve the work of consumer-oriented companies in various areas: telecommunications, banks, retail. These companies will be able to collect and process data from social networks and other sources related to their business.

Philippe Carnelli notes that together with the growing demand for Big Data, the total costs of companies to develop such projects are reduced due to the fact that there are more competent specialists. "There is something like a compromise between cheap tools that require subsequent expensive debugging and more reliable and easy to use tools that cost more, but in general, the costs of deploying projects are reduced," he said.

A number of companies almost simultaneously announced the imminent release of the box version of Big Data (Microsoft, IBM, Terata, Oracle, SAP). Such tools, according to PAC, will contribute to the development of the Big Data market . "Their activities help" approve "Big Data projects even for more conservative or less technically advanced companies, providing new options," Carnelli continued. "Even more importantly, a new class of offers has appeared -" data-as-a-service, "from Google and others. This makes getting to the Big Data market much easier. "

IDC: Big Data Technology and Services Market to Grow to $16.9 in 2015

According to IDC (Worldwide Big Data Technology and Services Forecast), released in March 2012, the market for big data technologies and services will grow from $3.2 billion in 2010 to $16.9 billion in 2015. This corresponds to an average annual growth rate (CAGR) of 40%, which is about 7 times more than the average annual growth rate of the entire ICT market.

IDC indicates that working with Big Data will be another must-have competency in 2012. According to IDC, about 2.43 Zettabytes of digital content will be generated in 2012, which is 48% more than in 2011. More than 90% of this information will be unstructured data (images, videos, mp3 files and social media files), that is, data that is very difficult to analyze.

A study conducted by LogLogic showed that 49% of IT executives are confident in the readiness of their companies to cope with Big Data. At the same time, 38%, on the contrary, admitted that they did not even have a good idea of ​ ​ the essence of this phenomenon.

Big Data was the latest analyst-invented term designed to put dust in the eyes of IT managers. In fact, this is another way to indicate that companies are covering a wave of data that will require new approaches in management and analysis. Experts compare companies with a ship pulling a giant network and collecting everything that gets into it. At the same time, the volume of caught seafood, as well as useless garbage, is constantly growing. Sorting, processing and benefiting from them becomes a really non-trivial occupation that requires fundamentally different mechanisms.

See also

Big Data

Big Data - System and Project Catalog

Business Intelligence, BI (Global Market)

BI Global Market Trends

Business Intelligence (Russian market)

CPM (Global Market)

Self-Service BI

Data Visualization

Predicative analytics (predictive, expected, predictive) Predictive analytics

Cloud/SaaS BI

Big Data in Civil Aviation

Notes