451 Research predicts total data market to hit $115 billion by 2019

451 Research reveals significant revenue growth for the Total Data Market, a space that is expected to nearly double in size from $60bn in 2014 to $115bn in 2019.

451 analysts predict the focus on big data, which has driven a wave of adoption to address unstructured data in addition to existing structured data processing and analytics technologies, will lead to a market CAGR of 14% from 2014 to 2019.

Matt Aslett, Research Director for 451 Research’s Data Platforms & Analytics Channel, commented, “Our research illustrates the dichotomy inherent in the data platform and analytics market: while it is smaller startups in emerging sectors that are growing the fastest, the incumbent providers in established markets are likely to contribute the greatest value over the next five years.”

The 56 Operational Database vendors covered by 451 Research generate the bulk of total market revenue, followed by Reporting and Analytics and Analytic Databases. Rounding out the $1bn+ market segment group is Data Management with the remaining segments all below the $1bn mark. In addition to the top-line market and subsector revenue, 451 Research segments market revenue into geographic regions, by Total Data-as-a-Service and segment Operational Databases into NoSQL, NewSQ and Traditional Relational and Non-relational Databases.