According to a report by Signals and Systems Telecom, the global market for Big Data-related hardware, software and professional services is expected to be worth $30 billion this year. The researcher estimates the industry to grow 17% annually over the next six years to be worth $76 billion by the year 2020.
Earlier this summer, Oracle (Nasdaq: ORCL) announced the $5.3 billion acquisition of MICROS, a point of sale system for the restaurant, hospitality, and specialty retail stores industry. Analysts believed that this was just the beginning of many more acquisitions to come as they projected Oracle to spend nearly $15 billion-$20 billion in the next two years on inorganic growth. During the recently ended quarter, Oracle continued to make other smaller acquisitions to grow their presence within the cloud and software segments.
A couple of years ago, online video streaming service Netflix (Nasdaq: NFLX) announced price increases. However, in face of serious customer lashback and a falling stock price, Netflix’s management recalled their price hike. Recently, they tried the move again, raising prices for new customers by nearly a dollar a month. This time round, they were counting on original content and an international market to support the price increase. The recent price hike has not suffered the earlier repercussions, but the market is still wary because the recent quarter saw a slowing down of new customer additions and a weaker forecast for the current quarter.
Amazon (Nasdaq: AMZN) is trying several initiatives to keep the market interested in their stock, but continuing losses are leading to its “worst annual stock decline since 2008”. The stock has already fallen 22% since the beginning of the year.
Online retailer eBay (Nasdaq: EBAY) finally bit the bullet and took the call on spinning off their payments unit PayPal. The decision has already led to Board battles and now the resignation of VC Marc Andreessen from the Board.
According to a Crehan Research report, the continuing decline of costs for high speed Data Center Switches will lead to an increased adoption of these switches by the market. The researcher estimates that the Ethernet data center switch market will be worth $14 billion in 2018. The growth is expected to be driven by the continuing adoption of 10 Gigabit Ethernet for data center server access, and 40 and 100 Gigabit Ethernet for data center uplink, aggregation, and core deployments. Crehan Research believes that 10 Gigabit Ethernet will soon become the biggest contributor to the Ethernet Switch shipments.
According to an IDC report, the global market for online content management grew 8.7% to $5.8 billion in 2013. The market was dominated by IBM, which accounted for 16% of the market’s share. OpenText came in second with 9% market share followed by Microsoft’s 7% share. IDC believes that while the industry is dominated by the top 3 vendors who account for more than a third of the total market, other smaller vendors have also been able to deliver very strong growth.
According to Gartner and Forester, the Enterprise Backup and Recovery market is estimated to be worth $5 billion and growing at 10% annually. The researchers estimate that the bigger space of Data Management, which includes activities like data analysis, archival, de-duplication, and reduction to be worth $15 billion annually. BAAR, Switzerland-based Veeam is making big strides within this market segment.
According to an IDC report on Big Data storage, the market is estimated to grow from $3.2 billion in 2010 to $17 billion in 2015. Others peg the enterprise storage market alone at a $20 billion market opportunity.
According to a MarketsandMarkets report published earlier this year, the global cloud data storage market is projected to grow 33% annually over the period 2014 through 2019 to be worth $56.57 billion. The researcher estimates the market to be worth $13.57 billion this year. The growth in the market is attributed to the continuing production of both unstructured and structured Big Data along with the need to allow for collaborative and remote working within an organization.