Roundup Of Analytics, Big Data & Business Intelligence Forecasts And Market Estimates, 2015

Salesforce (NYSE:CRM) estimates adding analytics and Business Intelligence (BI) applications will increase their Total Addressable Market (TAM) by $13B in FY2014.
89% of business leaders believe Big Data will revolutionize business operations in the same way the Internet did.

83% have pursued Big Data projects in order to seize a competitive edge.

Despite the varying methodologies used in the studies mentioned in this roundup, many share a common set of conclusions. The high priority of gaining greater insights into customers and their needs, more precise information on how to best simplify sales cycles, and streamline customer service are common. The most successful Big Data uses cases illustrate how enterprises are getting beyond the constraints that hold them back from being more attentive and responsive to customers.
Presented below is a roundup of recent forecasts and estimates:

• Wikibon projects the Big Data market will top $84B in 2026, attaining a 17% Compound Annual Growth Rate (CAGR) for the forecast period 2011 to 2026.  The Big Data market reached $27.36B in 2014, up from $19.6B in 2013. These and other insights are from Wikibon’s excellent research of Big Data market adoption and growth. The graphic below provides an overview of their Big Data Market Forecast.  Source: Executive Summary: Big Data Vendor Revenue and Market Forecast, 2011-2026.

• IBM and SAS are the leaders of the Big Data predictive analytics market according to the latest Forrester Wave™: Big Data Predictive Analytics Solutions, Q2 2015. The latest Forrester Wave is based on an analysis of 13 different big data predictive analytics providers including Alpine Data Labs, Alteryx, Angoss Software, Dell, FICO, IBM, KNIME.com, Microsoft, Oracle, Predixion Software, RapidMiner, SAP, and SAS. Forrester specifically called out Microsoft Azure Learning is an impressive new entrant that shows the potential for Microsoft to be a significant player in this market. Gregory Piatetsky (@KDNuggets) has done an excellent analysis of the Forrester Wave Big Data Predictive Analytics Solutions Q2 2015 report here. Source: Courtesy of Predixion Software:  The Forrester Wave™: Big Data Predictive Analytics Solutions, Q2 2015 (free, no opt-in).

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