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Open source makes Big Data analytics software appealing to SMEs

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OSS

Big Data Analytics software revenues will experience strong growth, doubling its current global 2015 revenue of $36.20 billion (US Dollars) to $73.77 billion by 2021 and reaching $81 billion by 2022, a compound annual growth rate (CAGR) of 12% in the next seven years, according to Strategy Analytics IoT Strategies report "Big Data Analytics: The Internet of Things (IoT) Differentiator."

Strategy Analytics says that much of Big Data Analytics software will be open source which is less expensive than proprietary software. It will also have the ability to run on commodity hardware, which OEM vendors are betting will help broaden its appeal to small and midsize (SMBs) and midsize enterprises (SMEs).

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