Big Data Services Market in Western Europe 2015-2019
About Big Data Services
Data generated from various sources such as mobile devices, digital repositories, and enterprise applications are converted into useful information through the use of analytical tools. Europe is witnessing a paradigm shift toward data driven approach by businesses and organizations to gain the benefits of available data. Western Europe currently lags behind North America in the big data services market. More favorable business conditions are needed for enterprises to embrace big data services as the big data value chain is currently fragmented. Strategic investments across industry verticals including telecom, IT, retail, manufacturing, transportation, BFSI, healthcare, government, and energy, are expected to boost the market. Technavio believes that big data implementation will prove to be a good source of job opportunities in the region.
Technavio's analysts forecast the big data services market in Western Europe to grow at a CAGR of 28.74% over the period 2014-2019.
Covered in this Report
Big data services market in Western Europe is segmented on the basis of end-users.Technavio's report, Big Data Services Market in Western Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the big data services market landscape in Western Europe and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Big Data Services Market in Western Europe 2015-2019
Technavio recognizes the following companies as the key players in the Big Data Services Market in Western Europe: Accenture, Capgemini, Deloitte, HP, IBM, PwC and Computer Science Corp.
Other Prominent Vendors in the market are: Actian, Amazon, Capgemini, Century Link, Cisco, Cloudera, CSC, Dell, Deloitte, EMC, Google, GE, Hitachi, Hortonworks, Informatica, Intel, Microsoft, Mu Sigma, Netapp, Oracle, Palantir, Pivotal, RackSpace, Red Hat, SAS, TCS, Terradata and VMware.
Commenting on the report, an analyst from Technavio’s team said: “Cloud and big data are two terms that have gained popularity in businesses across the world. Big data offers an opportunity to create competitive advantage, boost innovation, and drive increased revenues, whereas cloud as a delivery model of IT services offers enhanced business agility and productivity while enabling greater efficiencies and reducing costs. Both technologies are continuously evolving, and together offers promising results. Many companies are seeking cloud computing as a service to support their big data projects. Cloud computing can offer the servers and storage facilities required for big data systems and is a cost-effective way to support advanced analytics applications.”
According to the report, big data technology is gaining increased traction across verticals. However, its implementation is cumbersome for certain companies around the world. Complexities and significant investments associated with big data projects are prompting companies to employ big data services. Therefore, companies are heavily relying on services to support big data projects, as the technology is relatively new. In addition, domain expertise is critical because big data analytics projects are different from one vertical to another. It is highly important for companies to hire consultants before the commencement of their big data deployment, driving overall market growth.
Further, the report states that growing concerns about the confidentiality of data is deterring companies from adopting big data technology.
Accenture, Capgemini, Deloitte, HP, IBM, PwC, Computer Science Corp., Actian, Amazon, Capgemini, Century Link, Cisco, Cloudera, CSC, Dell, Deloitte, EMC, Google, GE, Hitachi, Hortonworks, Informatica, Intel, Microsoft, Mu Sigma, Netapp, Oracle, Palantir, Pivotal, RackSpace, Red Hat, SAS, TCS, Terradata, VMware.