Global Big Data Enabled Market 2015-2019
Global Big Data Enabled Market 2015-2019
Covering: Market forecast for big data enabled services until 2019. The market research study presents an analysis of the key application areas for big data that include smart manufacturing, telehealth, mobile LBS, financial risk analysis, and smart oilfields. Market shares for APAC, Americas, and EMEA regions are also included in this research report. The top companies analyzed by this report are IBM, HP, Dell, and SAP.
Outlook of the global big data enabled services market
Technavio’s market research analysts predict the big data enabled market to grow at a CAGR of over 23% by 2019. Its growth stems from increasing data volume from organizations across all the sectors and the increasing need to enhance business productivity and efficiency.
Also, the inherent advantages of big data helps organizations improve their customer experience while reducing costs. The growing adoption of third-platform technologies like analytics and the cloud help obtain powerful, actionable insights at lower costs, and it is thus expected to drive the growth of big data further across many sectors.
Research scope and segmentation of the global big data enabled market
To calculate the market size, analysts have considered the markets that have been enabled by big data. These are spread across industries that include manufacturing, healthcare, oil and gas, BFSI, and retail, and it covers markets such as manufacturing, telehealth, smart oilfield, risk analytics in the financial sector, and mobile LBS.
Upcoming trends, drivers, and challenges for big data
Structured data is derived from traditional applications like such as ERP, SCM, and CRM tools while unstructured data is derived from web-based searches, social networks, and cloud-based applications. It is practically impossible to analyze such large volumes of data manually. Hence, organizations are increasingly implementing big data technology and solutions.
Smart manufacturing is currently trending in the market. By combining information technology, industrial automation, and human intelligence is transforming traditional factories from cost centers into profit centers.
However, the market is witnessing a shortage of skilled professionals like statistical data scientists, big data analysts, infrastructure professionals with data virtualization experience, and solution architects with knowledge of handling the data in Hadoop and other big data related platforms.
Geographical segmentation of the big data enabled market
The report presents a detailed analysis of the market shares of the following regions:
Technavio Announces the Publication of its Research Report – Global Big Data Enabled Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Big Data Enabled Market: IBM, HP, Dell and SAP
Other Prominent Vendors in the market are: 1010data, Accenture, Amazon, Attivio, CareFusion, Cisco, Cognizant, Cloudera, DataStax, Epic Systems, Explorys, EMC, GNS Healthcare, Google, Hitachi, Hortonworks, Humedica, Informatica, InterSystems, MapR Technologies, MarkLogic, McKesson, Microsoft, MongoDB, MuSigma, NTT Data, Oracle, Palantir, Philips Healthcare, PwC, Salesforce.com, SAS, Sogeti Healthcare, Teradata, and UnitedHealth.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of cloud-based solutions has enabled several organizations to increase their efficiency and reduce the cost of deploying valuable big data solutions. Data collected every day are stored in the databases and are then analyzed through cloud-based big data solutions. Cloud-computing technology enables organizations to access the information from anywhere and at anytime.”
According to the report, globally, organizations have realized the potential benefits of big data analytics, which has led to increasing adoption of big data across all functions in an organization. Big data helps organizations derive powerful customer insights and offer new innovative products and services.
Further, the report states that lack of awareness is a major challenge faced by the market that can hamper the growth and emergence of newer business models, revenue generating opportunities, and hence big data enabled markets.
IBM, HP, Dell, SAP, 1010data, Accenture, Amazon, Attivio, CareFusion, Cisco, Cognizant, Cloudera, DataStax, Epic Systems, Explorys, EMC, GNS Healthcare, Google, Hitachi, Hortonworks, Humedica, Informatica, InterSystems, MapR Technologies, MarkLogic, McKesson, Microsoft, MongoDB, MuSigma, NTT Data, Oracle, Palantir, Philips Healthcare, PwC, Salesforce.com, SAS, Sogeti Healthcare, Teradata, UnitedHealth.
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