Menu
Experimental era comes to an end as Big Data software set for 50% growth

Experimental era comes to an end as Big Data software set for 50% growth

“Big data, as an open source technology, has been accessible without creating huge financial impact on the market."

The big data software market will grow nearly sixfold by 2019, recording as much as 50 per cent growth according to Ovum’s latest market size and forecast report on information management software.

“The experimental era of big data is coming to an end, organisations are formalising their use of big data technology to realise the business value they expect to find,” says Tom Pringle, Practice Leader, and co-author of the report.

The report highlights the fact that while big data software in 2015 is just a small part of the overall market for information management, it is set to increase at a CAGR of 50 per cent through 2019 and play an increasingly important role that will position big data analytics as a core capability for many enterprises by 2019.

“Big data, as an open source technology, has been accessible without creating huge financial impact on the market,” Pringle says.

“Ovum believes that situation is changing, with commercial Hadoop distributions and a fast-growing ecosystem of enabling and extending technologies pointing toward a bright future for big data.”

In addition, the report suggests that the overall market for information management software is growing at a significant CAGR of 11 per cent.

Aside from the major impact of big data’s growth, business intelligence (BI) and analytics are also strongly contributing to growth - close to doubling by 2019, from a market size of US$15.85 billion in 2015.

“Self-service BI, enabling a whole new universe of users, is driving the expansion of the market,” Pringle adds.

“With easier to use self-serve tools becoming mainstream, and moves to the cloud and mobile providing accessibility, barriers to growth in this market are being eroded.”

Day-to-day data management remains the largest part of the market, according to the report, accounting for in excess of 40 per cent of total spend at US$24.1 billion in 2015.

“Even as the biggest dollar spend on information management, data management continues to grow strongly, with a CAGR through 2019 of 9 per cent,” Pringle adds.

“This expansion speaks not only to the growth in data volumes, but particularly the newer challenges of managing a much more heterogenous range of data types and the speed with which those data are generated.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags ovumInternet of Things

Events

Why experience is the new battleground for partners

Join us for an exclusive webinar, in association with Hewlett Packard Enterprise and Technology Services Industry Association (TSIA) and learn about the latest industry insights and how technology services continue to evolve to deliver differentiated value, and how partners can be successful in 2021 and beyond.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments