Big Data on course for five-fold growth
Big Data will grow to represent 10 per cent of the overall market for information management tooling in 2017, predicts Ovum.
The IT researcher said that in value terms, the growth will take the big data market from $1.7bn (£1.4bn) in 2016 to $9.4bn (£7.6bn) by 2020. It is therefore set for more than five-fold growth.
So Big Data will retain its title as the fastest-growing segment of the information management software market -- at least for this year, when five key trends are foreseen:
- Machine learning will be the biggest disruptor for big data analytics in 2017
- Making data science a team sport will become a top priority in enterprises
- IoT use cases will push real-time streaming analytics to the front burner
- The Cloud will sharpen Hadoop-Spark "co-opetition."
- Security and data preparation will drive data lake governance
However, a potentially sixth trend is identifiable because while machine learning will “grab the headlines” in 2017, real-time streaming will become the fastest-growing use case.
“A perfect storm has transformed real-time streaming from a niche technology to one with broad, cross-industry appeal,” Ovum added.
“Open source technology has lowered barriers to entry for both technology providers and customers; scalable commodity infrastructure has made the processing of large torrents of real-time data in motion economically and technically feasible.”
According to the researcher’s ‘2017 Trends to Watch: Big Data report,’ the next 24 months will see The Cloud pass the halfway mark to dominate new big data deployments.
“Big data has emerged from its infancy to transition from buzzword to urgency for enterprises across all major sectors,” said Ovum principal analyst Tony Baer.
“The growing pains are being abetted by machine learning, which will lower barriers to adoption of big data-enabled analytics and solutions, and the growing dominance of The Cloud, which will ease deployment hurdles.”