According to a report from MarketandMarkets, the cloud analytics market is projected to grow 26% annually over the five year period from 2013 through 2018. The researcher expects the market to be worth $16.52 billion by 2018 from $5.25 billion in 2013. >>>
According to an IDC report released earlier this year, the worldwide public cloud services market is projected to grow 23% annually over the period until the year 2018. The market was estimated to be worth $45.7 billion in 2013. Within the market, the SaaS segment accounts for 72% of the total public cloud services market. It is projected to grow 20% annually over the period 2013 through 2018 driven by growth in enterprise applications cloud solutions such as enterprise resource management (ERM), customer relationship management (CRM), and collaborative applications.
According to Wikibon’s Big Data Vendor Revenue and Market Forecast released earlier this year, the worldwide market for Big Data-related hardware, software, and services grew 58% over the year to $18.6 billion in 2013. The report estimates the market to grow to $28.5 billion in 2014 and to $50.1 billion by the year 2017.
According to a Research and Markets report released earlier this year, the Global Enterprise Network Security market is estimated to grow at a rate of 6.6% annually over the period 2012-2016. The growth in the market is attributed to increasing adoption of network security solutions by small and medium organizations.
According to a recent Gartner report on enterprise application software market in the Asia Pacific region, the market is estimated to have grown 6.5% over the year to $12.6 billion in 2013. The fastest growing market was Australia, which recorded 7.7% growth over the year to $3.4 billion. China reported a comparatively modest growth of 5.9% to $3.1 billion.
According to a recent Gartner report, the global customer relationship management (CRM) software market is estimated to have grown 13.7% in 2013 to $20.4 billion. The growth was attributed to the increased investment in digital marketing and customer experience initiatives. The industry was dominated by SaaS-based offerings, which accounted for 41% of the total market. Gartner also estimates digital initiatives to continue to be the driving force for CRM in the years to come.
eMarketer’s latest report on global marketing spend projects worldwide spending on advertisements to increase 6% this year to $545.4 billion compared with the 3% growth reported a year ago. Within the market, growth will be driven by digital ad spend which is projected to grow 17% this year to $140.15 billion with mobile ad spend growing 85% this year to $32.71 billion. This will also be the first year when ad spend on digital media will account for more than 25% of all media ad spend for the year.
Cloud storage services provider Box continues to delay plans for their IPO. They are waiting for the right moment to go public as the market conditions right now are too “volatile”. They have already filed their S-1 but now suspect that the timing of the IPO will be better at the end of their current fiscal year or in 2015.