Jeff Kelly and Dave Vellante from Wikibon on the Big Data Market (Video)

From Silicon Angle:

Our coverage kicked into high gear after the release of Wikibon’s third annual Big Data Vendor Revenue and Market Forecast, which author Jeff Kelly stopped by to discuss with hosts John Furrier and Dave Vellante.

Companies spent $18.6 billion on analytics in 2013, according to the report, up 58 percent over the previous 12 months and about two and a half times more than in 2011. Kelly estimates that the industry will pass the $28 billion mark by the end of this year and achieve revenues of over $50 billion in 2017, a massive increase he credits to rapidly growing demand for emerging solutions such as NoSQL databases as well as more established technologies that are proving valuable in extracting insights.