The hype surrounding Big Data, which showed no signs of abating in 2012, now has big dollars backing it up. Factory revenue generated by the sale of Big Data-related hardware, software and services took a major step forward in 2012, growing by 59% over 2011(a).
The total Big Data market reached $11.4 billion in 2012, ahead of Wikibon’s 2011 forecast. The Big Data market is projected to reach $18.1 billion in 2013, an annual growth of 61%. This puts it on pace to exceed $47 billion by 2017.