Big Data Spending to Reach $114 Billion in 2018

“Global spending on big data by organizations will exceed $31 billion in 2013, finds a new market forecast by ABI Research. The spending will grow at a CAGR of 29.6% over the next five years, reaching $114 billion in 2018. The forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software.” This is great news to everyone who is already betting big on Big Data, and will obviously leave room for those still innovating. Clearly as our data explodes, we must manage it better, and right now Big Data innovations are managing and exploiting that data to great success. The US Federal government is investing heavily in Big Data solutions and may even drive this spend higher.

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