Digital Lifescapes

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...

We now live in a world where a flood of customer data is all around us. Extracting meaning from that data deluge is a strategic imperative for business leaders. Global spending on 'big data' applications by organizations will exceed $31 billion in 2013, according to the latest market study by ABI Research. The spending will grow at a CAGR of 29.6 percent over the next five years, reaching $114 billion in 2018. The latest ABI forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software. "We estimate that in big data initiatives salaries account for about half of the current spending, with the other half allocated to vendor products and services. What we're now seeing is quite significant overspending on salaries, as organizations turn to data scientists and other specialists in order to leverage big data in the first place," said Aapo Markkanen, Senior analyst at ABI Research . Si...