Welcome!

Apache Authors: Elizabeth White, Pat Romanski, Liz McMillan, Christopher Harrold, Janakiram MSV

News Feed Item

Stratecast | Frost & Sullivan: 20 Providers, Led by IBM, Dominate the Big Data Market, but More Than 300 Vendors Compete

Big Data analytics and business intelligence market almost doubles by 2017, with market consolidation coming

MOUNTAIN VIEW, Calif., Dec. 10, 2013 /PRNewswire/ -- Data is an intrinsic component of any organization, ushering in the "Golden Age of Big Data" as companies learn to harness data to enhance operational and revenue performance.  Stratecast | Frost & Sullivan identified more than 20 large solution providers (out of approximately 340 providers analyzed) who control much of the Big Data, analytics and business intelligence (BI) market. So behemoths rule, but hundreds of providers dot the battlefield.  Smaller players typically offer a higher degree of specialization and more affordable services, as new offerings continually enter the market.

New analysis from Stratecast | Frost & Sullivan's The World Moves Fast, and Data is Driving – Part 2, Competitive Strategies research finds that Big Data, analytics and BI market revenue was $22 billion in 2012.  Stratecast | Frost & Sullivan forecasts the market to grow at a cumulative annual growth rate (CAGR) of approximately 12.7 percent to reach $40 billion by 2017.  This analysis spotlights issues and challenges hampering market growth; presents market size, forecast and shares; and recommends strategies to help providers survive the coming consolidation.  The research also features Stratecast's Data Management Model, a 12-part guide covering all data management functions and characteristics when implementing a solution, as well as Stratecast's Data Management Shopping List to build a business case around direct, indirect, and opportunity costs.

For more information on this research, please email Britni Myers, Corporate Communications, at [email protected].

"Simply stated, Big Data must be woven into the organization's fabric as the lifeblood of the company," said Stratecast | Frost & Sullivan Big Data and Analytics Global Program Director Jeff Cotrupe (http://www.frost.com/jeffcotrupe).  "This happens without employees realizing they're actually accessing Big Data; at all levels, employees are simply informed and empowered to make smarter decisions and do their jobs better."

The most prohibitive market restraint is the price tag of a unified, comprehensive solution, with full-service options often requiring upfront software investments in the tens of millions of dollars and higher.  This prices many companies out of the market for a Big Data solution. 

Stratecast | Frost & Sullivan analysis finds Hadoop is a cost-effective solution, making Big Data more affordable, while also enabling organizations to manage all types of data. Another alternative to reach a broader cross-section of buyers and do more with less is via cloud-based Big Data solutions. Birst and GoodData are the best examples of cloud providers who succeed by making Big Data more affordable for more companies and by making Big Data readily accessible to business users.

"We find vendors must adopt the principles of self-service, business-user-friendly Big Data access," said Cotrupe. "The leaders break away from the pack not only by providing cost-effective solutions, but because of their focus on empowering business users to get the information they need, fast – and independently of central IT or data control."

Big Data and IT systems must be in sync and avoid divergence, or else a legacy "overlay data network" splits functions, and potentially companies. So integrating Big Data from all sources, and integrating Big Data with existing IT infrastructures, are two important components of Stratecast's 12-part Big Data model.

The World Moves Fast, and Data is Driving – Part 2, Competitive Strategies is part of the Stratecast (http://stratecast.frost.com) program, which analyzes the four segments of the Big Data market: Big Data Core Platforms, Solutions, and Services; Online Analytics; Customer Experience Analytics; and Mobile Commerce and Retail/Wi-Fi Analytics. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with participants on both the demand and supply sides of the market.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Contact:
Britni Myers
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: [email protected]

Twitter: @Stratecast
LinkedIn: Future Growth Opportunities in ICT
Facebook: Frost & Sullivan

http://www.frost.com  

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...