[CIO] BigDataFr recommends: Big data is already a $46 billion market, but you ain’t seen nothin’ yet

marketBigDataFr recommends: Big data is already a $46 billion market, but you ain’t seen nothin’ yet


[…] Big data has been a big buzzword for more than a few years already, and it’s got some solid numbers to back that up, including US$46 billion in 2016 revenue for vendors of related products and services. But the big data era is still just beginning to dawn, with the real growth yet to come.

So suggests a new report from SNS Research, which predicts that by the end of 2020, companies will spend more than $72 billion on big data hardware, software, and professional services. While revenue is currently dominated by hardware sales and professional services, that promises to change: By the end of 2020, software revenue will exceed hardware investments by more than $7 billion, the researcher predicts. […]

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By Katherine Noyes
Source: cio.com

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