ARMONK, NY - 27 Mar 2014: IBM (NYSE: IBM) today announced that it has been named the market share leader in the big data market for the second consecutive year, according to Wikibon's Big Data Vendor Revenue and Market Forecast report. IBM again ranks number one ahead of more than 70 vendors considered in the research.
“Big Data is emerging as the world’s most valuable resource for competitive advantage, and analytics is the key to making sense of it," said Bob Picciano, Senior Vice President, Information and Analytics Group, IBM. “Today’s news underscores IBM's leadership in helping line of business leaders gain actionable insights from their information assets that allow them to make real-time decisions, predict trends and be more competitive in their markets.”
IBM’s BigInsights and BLU Acceleration software were also cited for vendor achievements in better integration of big data frameworks with data management infrastructure. These solutions enable enterprises of all sizes to cost effectively manage and analyze the volume, variety and velocity of big data that businesses create every day.
The Wikibon report cited the following growth drivers for 2013:
·Vendors improved how they articulate products, services and strategies for big data, improving buyer confidence.
·Big data products/services themselves continue to mature, fueling further adoption.
·Increase in partnerships and reseller agreements
IBM is making new markets and helping to drive transformation in areas such as energy, hospitality, and financial services. C-suite executives including CMOs, CFOs and CHROs across industries are now using IBM analytics to deliver better business results.
Denihan Hospitality Group, a nationally recognized operator of 14 boutique hotels across the U.S., relies on IBM analytics to gain better customer insights to improve the guest experience, create more personalized marketing campaigns and drive revenue. The world’s largest wind turbine manufacturer, Vestas is using an IBM big data analytics to quickly and accurately pinpoint the best place to install wind turbines to ensure optimal energy output. Trident Marketing is using IBM Big Data and Analytics technology to gain unprecedented visibility into consumers -- from predicting the precise moment in which to engage with customers, to anticipating the likelihood a customer might cancel service.
IBM has established the world’s deepest portfolio of Big Data and Analytics technology. Today, more than 400 IBM mathematicians and 6,000 industry solution business partners are helping clients use big data to transform their organizations. Additionally, IBM secured 1,500 Big Data and Analytics-related patents in 2013 alone, and continues to engage and build solutions and skills across a broad community of 1,000 university partnerships, 135,000 Big Data University enrollments and a worldwide network of nine Analytic Solutions Centers. IBM has made a multi-billion dollar investment in big data and analytics -- $24 billion since 2005 thru both acquisitions and R&D -- to extend its leadership position in the strategic market for business analytics.
Wikibon is a worldwide community of practitioners, technologists and consultants dedicated to improving the adoption of technology and business systems through an open source sharing of free advisory knowledge.
For its Big Data Vendor Revenue and Market Forecast Report, Big Data market size, forecast, and related market-share data was determined based on extensive research of public revenue figures, media reports, interviews with vendors, venture capitalists and resellers regarding customer pipelines, product roadmaps, and feedback from the Wikibon community of IT practitioners.