3 Areas Big Data is Booming for COTS Vendors

Stephanie Headshot 65x85by Stephanie Meloni, Senior Analyst

Big data and Big Dataanalytics is predicted to be a hot spot in terms of budget growth in the federal IT market. According to a recent report from the Department of Commerce Economics and Statistics Administration, the government’s principal statistical agencies spend on average 2.3 billion dollars a year gathering, processing, and disseminating data. Based on internal analysis conducted by the immixGroup Market Intelligence team, the compound annual growth rate (CAGR) of big data and analytics is estimated at 5.85% from FY14-FY17. This is due to the fact government will need to rely more on data analytics as a way to achieve their mission — with reduced budgets and staff.

Following in the footpath of some early adopters, the rest of the federal government is beginning to make investments and use big data analytics. The interest in using big data analytics for more and more applications keeps growing exponentially. For COTS vendors outside of analytics tools, big data and analytics offers many more opportunities.

Here are three other areas vendors should consider:

Read more of this post

%d bloggers like this: