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, according a new market sizing and forecasting service from 451 Research.
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 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.
“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,” says Matt Aslett, Research Director for 451 Research’s Data Platforms & Analytics Channel. “Our research illustrates the dichotomy inherent in the data platform and analytics market: while it is smaller startups in emerging sectors that are growing the fastest, the incumbent providers in established markets are likely to contribute the greatest value over the next five years.”
