Three Forecasts You Should Know: Big Data, Business Intelligence & Analytics

(Big Data) Hadoop Market Expected to Grow 25x by 2020:

According to a report by Allied Market Research, the global market for Hadoop along with related hardware, software and services is expected to grow at a Compound Annual Growth Rate (CAGR) of 58.2 percent between 2013 and 2020. In 2013, the global Hadoop market accounted for approximately $2 billion in revenues and is estimated to increase by $48.2 billion over the next 7 years. Moreover, Asia-Pacific is forecasted to emerge over the next seven years, “with a compound annual growth for the region pegged at 52.9 percent.”

(Read the report here: Allied Market Research)

(Business Intelligence) Global BI Market Set to Reach $20.81 billion by 2018:

Redwood Capital released a report in April forecasting the global business intelligence market by 2018. The report claims that the global BI market is expected to reach $20.81 billion by 2018, up by $13.98 billion in 2013, translating to a Compound Annual Growth Rate of 8.28%

Of all the regions, North America is forecasted to capture nearly half of the global BI market (49%), and according to IDC, SAP was the leader in BI software market in 2012 (with 19.7% share). IBM (14.0%) and SAS (10.3%) came in next when it market share. Among the fastest growing segments in BI – which include Traditional, Mobile, Cloud and Social Business Intelligence – “Cloud based BI is estimated to grow nearly four-fold from $0.75 billion in 2013 to $2.94 billion by 2018, for a CAGR of 31%”.

(You can download the report for free here: Sector Report on Business Intelligence)

(Analytics) Advanced and Predictive Analytics (APA) Market Forecasted to reach $3.4 Billion by 2018:

The IDC released a report showing that APA software market will grow from $2.2 billion in 2013 to $3.4 billion, representing a CAGR of 9.9%. It was said in a recent Forbes article that the top three vendors in 2013 based on worldwide revenue were SAS ($768.3 million, 35.4% market share), IBM ($370.3 million, 17.1% market share) and Microsoft (64.9 million, 3% market share).

Alys Woodward, research director, Worldwide Advanced and Predictive Analytics, and European Big Data and Business Analytics, in IDC’s Software Research practice commented on the report:

“A wide range of APA solutions from vendors — from traditional modeling platforms through high-volume and high-velocity parallelized architectures to advanced analytical applications that output predictive results to end users — combine with the hype around Big Data and lead business users and technology buyers alike to consider how advanced and predictive analytics can help drive insights and business value from data.”

(Read the report here: IDC)