Stratecast | Frost & Sullivan: 20 Providers, Led by IBM, Dominate the Big Data Market, but More Than 300 Vendors Compete

Stratecast | Frost & Sullivan: 20Stratecast | Frost & Sullivan: 20 Providers, Led by IBM, Dominate the Big Data Market, but More Than 300 Vendors Compete PR Newswire MOUNTAIN VIEW, California, Dec. 10, 2013 -- Big Data analytics and business intelligence market almost doubles by 2017, with market consolidation coming Data is an intrinsic component of any organization, ushering in the "Golden Age of Big Data" as companies learn to harness data to enhance operational and revenue performance. Stratecast | Frost & Sullivan identified more than 20 large solution providers (out of approximately 340 providers analyzed) who control much of the Big Data, analytics and business intelligence (BI) market. So behemoths rule, but hundreds of providers dot the battlefield. Smaller players typically offer a higher degree of specialization and more affordable services, as new offerings continually enter the market. New analysis from Stratecast | Frost & Sullivan's The World Moves Fast, and Data is Driving – Part 2, Competitive Strategies research finds that Big Data, analytics and BI market revenue was $22 billion in 2012. Stratecast | Frost & Sullivan forecasts the market to grow at a cumulative annual growth rate (CAGR) of approximately 12.7 percent to reach $40 billion by 2017. This analysis spotlights issues and challenges hampering market growth; presents market size, forecast and shares; and recommends strategies to help providers survive the coming consolidation.