Big Data market development is a hot topic, but it's merely an ingredient of the larger data platforms landscape. There will be significant new revenue growth within the Total Data market, according to the latest worldwide market study by 451 Research.
Consisting of data platforms, data management, data analytics, and data mining the total data software market is expected to nearly double in size, from $60 billion in 2014 to $115 billion in 2019.
"The market continues to evolve and new approaches have emerged that more efficiently store and process data, while also providing access to those that need it to analyze it and gain business insight," said Matt Aslett, research director at 451 Research.
The specific market segments included in their latest analysis includes operational databases, analytic databases, reporting and analytics, data management, performance management, event/stream processing, distributed data grid/cache, hadoop and search-based data platforms and analytics.
They predict that the focus on big data -- which has driven a wave of adoption to address unstructured data in addition to existing structured data processing and analytics technologies -- will lead to a market CAGR of 14 percent from 2014 to 2019.
The current forecast is based on the 451 Research new Total Data Market Monitor service, which presents data -- generated via a bottom-up analysis -- of 202 vendors that participate across the nine Total Data segments that the company tracks.
Referring to the evolving market dynamics, Aslett said, "Our research illustrates the dichotomy inherent in the data platform and analytics market -- while it is smaller startups in emerging sectors that are growing the fastest, the incumbent providers in established markets are likely to contribute the greatest value over the next five years."
The fifty-six Operational Database vendors generate the bulk of total market revenue, followed by Reporting and Analytics and Analytic Databases. Rounding out the $1 billion-plus market segment group is Data Management with the remaining segments all below the $1 billion mark.
In addition to the top-line market and sub-sector revenue, 451 Research segments market revenue into geographic regions, by Total Data-as-a-Service and segment Operational Databases into NoSQL, NewSQ and Traditional Relational and Non-relational Databases.