NoSQL vendors to lead the charge in fast-growing Big Data market

NoSQL vendors to lead the charge in fast-growing Big Data market, Forrester says

NoSQL vendors to lead the charge in fast-growing Big Data market, Forrester says

Forrester Research Inc. has made an attempt to categorize the key segments of the Big Data landscape in a new report which forecasts some of the main growth areas.

Forrester’s report, Big Data Management Solutions Forecast 2016 to 2021, which the analyst firm claims is the first of its kind, divvies up the Big Data market into six separate chunks – namely, enterprise data warehousing, NoSQL, Hadoop, big data integration, data virtualization, and in-memory data fabric. Of these, it reckons that Hadoop, NoSQL and in-memory data fabric are expected to see the most significant growth in the next six years.

Hadoop and NoSQL are familiar beasts, and Forrester reckons the two segments will see growth of 32.9 percent and 25 percent per year, respectively. As for in-memory data fabric, that segment relates to a product offering that combines data, compute and service grids with an in-memory database. Forrester reckons the segment will grow at a rate of 29.2 percent annually over the next five years.

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Overall, the Big Data market will grow at three times the rate of the entire technology market, Forrester claims, highlighting just how hot the entire space is.

Forrester also takes a look at industry usage in its report, noting that while finance, government, professional services and telecommunications industries are the biggest users of these technologies at present, the pharmaceutical, primary production and transportation industries will see the fastest growth over the forecast period.

 



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