Big Data in Industry Verticals

Currently all start-ups in the software industry are jumping in the Big Data markets. The potential of Big Data to bring insights and intelligence into enterprises is a strong motivator, where managers are constantly looking for the competitive edge to win in their chosen markets. Given the potential Big Data has to reorder an enterprise and make it more competitive and profitable, it’s understandable why there are so many forecasts and market analyses being done today.

In the telecommunication Big Data has a lot of potentials to drive new source of revenue for telecoms and cut costs. Big Data will likely experience accelerating growth and market penetration. As recently as 2009 there were only a handful of Big Data projects and total industry revenues were under $100 million.

In 2012, more than 90 percent of the Fortune 500 will likely have at least some Big Data initiatives under way. Industry revenues will likely be in the range of $1-1.5 billion. But the industry is still in its infancy. Big Data in 2012 will likely be dominated by pilot projects; there will probably be fewer than 50 full-scale Big Data projects (10 petabytes and above) worldwide. Assuming moderate growth in 2012 over 2011, global spending on all information technology is projected to be roughly $3.7 trillion. Of that, total enterprise software should be about $270 billion. And of that, database management systems spending (DB) will likely be over $27 billion, enterprise resource planning (ERP) software about $25 billion, and business intelligence (BI) roughly $17 billion. Combining the DB, ERP, and BI markets the total could be about $70 billion.

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About Mind Commerce

Analysis of telecom and ICT infrastructure, technologies, and applications.
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