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Big Data and Analytics: $187 billion market segment by 2019
Big Data and Business Analytics is an area expected to grow rapidly over the next five years, reaching a $187 billion market size by 2019, according to IDC. Revenue growth will come primarily from large companies with more than 500 employees, but smaller companies will contribute about one-quarter to the total amount.
The sectors that are expected to see the biggest Big Data investments in 2019 are:
- Discrete Manufacturing ($22.8 billion)
- Process Manufacturing ($16.4 billion)
- Federal and central government (> $10 billion)
- Professional Services (> $10 billion)
- Telecommunications (> $10 billion)
- Retail (> $10 billion)
Jessica Goepfert, programme director at IDC, said that “there is little question that big data and analytics can have a considerable impact on just about every industry. Its promise speaks to the pressure to improve margins and performance while simultaneously enhancing responsiveness and delighting customers and prospects. Forward-thinking organizations turn to this technology for better and faster data-driven decisions.”
Big Data, Data analytics and hadoop are causing a buzz with most small business and simple codes like GA or gostats that collect data from websites and provide them to number crunchers