Resources

Big Data Market Predicted to Reach $50B by 2017

12th Feb `14, 08:15 PM in Resources

The Big Data market as measured by vendor revenue derived from sales of related hardware, software and services…

BDMS
Guest Contributor
 

The Big Data market as measured by vendor revenue derived from sales of related hardware, software and services reached $18.6 billion in calendar year 2013. That represents a growth rate of 58% over the previous year.

Broken down by type, Big Data-related services revenue made up 40% of the total market, followed by hardware at 38% and software at 22%. Such a breakdown is due in part to the open source nature of much Big Data software and related business models of Big Data vendors, as well as the need for professional services to help enterprises identify Big Data uses cases, architect solutions and maintain performance.

Read More
MORE FROM BIG DATA MADE SIMPLE