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Top 20 Big Data Companies 2014: Competitive Landscape Analysis

04th Mar `14, 11:44 AM in Resources

Big data has emerged as a significant commercial success over the past few years. Visiongain calculates that the…

BDMS
Guest Contributor
 

Big data has emerged as a significant commercial success over the past few years. Visiongain calculates that the big data market will reach $12.4bn in 2013 and play an increasingly important role in the business segment as future systems will further exploit the capabilities offered by this technology.

Although big data has become more of a buzzword recently around 80% of the enterprises in the developed world are now investing at least some part of their IT budget on big data. One of the key driving points for big data services has been its applicability to all forms of organizations where some sort of data is being compiled and managed. While all of these organizations might not gain equally from the application of big data, some will thrive from it and others will see results with a lower impact. Nonetheless big data is here to stay and is already being adopted in many sectors including healthcare, communications, retail, transport, private and the public sector.

Visiongain predicts significant growth rates for big data, as the market is poised for vendors and solution providers as there is a huge uptake from the enterprise sector by organizations of all sizes. Big data is a ubiquitous phenomenon which can effectively be applied in a wide range of industries from the private sector to the public sector. Hence the overall big data market is growing at a rapid pace and will continue to do so over the next few years. As a result, Visiongain has determined that the 20 leading companies in the global big data market account for 55.0% of annual market revenue which is suggestive of a highly populated and fragmented market.

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