451 Research Predicts Total Data Market To Hit $115 Billion By 2019
The Total Data Market, consisting of data platforms, data management and analytics, will nearly double in size between the end of last year and 2019.
451 Research has announced significant revenue growth for the Total Data Market. Consisting of data platforms, data management, analytics, and data mining the Total Data Market is expected to nearly double in size, from $60bn in 2014 to $115bn in 2019. The specific market segments included in 451 Research’s analysis are 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. The company predicts 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% from 2014 to 2019.
The forecast is based on 451 Research’s 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 the company tracks. Specifically, 451 Research tracks 56 Operational Database participants, 26 in the Analytic Database market, 72 within the Reporting and Analytics segment, 41 Data Management vendors, 11 Performance Management vendors, 11 Event/Stream Processing vendors, 9 Distributed Data Grid/Cache vendors, 25 Hadoop vendors and 15 Search vendors.