Lewes, DE -- (SBWire) -- 05/31/2017 --Report forecast the global big data services market to grow at a CAGR of 24.20% during the period 2017-2021.
Big data services refer to services that include big data business consulting, big data outsourcing, big data project-based services, and support and training services related to big data implementations. Big data ranges from terabytes (10¹² bytes) to petabytes (10¹? bytes) and even exabytes (10¹? bytes), and it includes information collected from sources such mobile devices, digital repositories, and enterprise applications. Big data services provide a wide range of purposes such as fraud management in the banking, financial services, and insurance (BFSI) sector, disease diagnosis in the healthcare sector and customer conversation analysis in social networking websites.
The report covers the present scenario and the growth prospects of the global big data services market for 2017-2021. To calculate the market size, the report considers the new value and aftermarket and services market.
Browse This Report: Global Big Data Services Market 2017 - 2021
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major drivers for this market is growing amount of data. The data volumes are exploding, and more data has been created since 2014 than in the entire previous history. It is estimated that by the year 2020, more than 1.5 megabytes (MB) of new information will be generated every second for every person across the world. Enterprise applications are generating large volumes of data and this will keep continuing throughout the forecast period and beyond. Large volumes of data are being generated from many sources such as the Internet, mobile devices, and social media.
Further, the report states that one of the major factors hindering the growth of this market is adhering to diverse client requirement. Several industries lack policies or frameworks to store all the data, which leads to difficulty in effective performance of big data. This in turn, affects the market penetration of big data service providers as their quality of service deteriorates. Big data service providers need to continuously develop and offer innovative solutions in step with changing customer requirements. This is a complex and cost consuming process as it involves high degrees of uncertainty and failure in understanding the requirements of customers leads to potential loss of time and money.
Global Big Data Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global big data services market: Accenture, Deloitte, Hewlett-Packard (HP), IBM, PricewaterhouseCoopers (PwC), SAP, and Teradata.
Other Prominent Vendors in the market are: Alteryx, Atos, Attivio, Chartio, Cirro, ClearStory Data, Cloudera, Continuum Analytics, Datameer, DataStax, Doopex, Dell, Enthought, Hortonworks, MAANA, MapR Technologies, MarkLogic, Microsoft, MongoDB, Mu Sigma, Predixion Software, and SAS Institute.
Market driver
- Growing amount of data
- For a full, detailed list, view our report
Market challenge
- Adhering to diverse client requirement
- For a full, detailed list, view our report
Market trend
- Increasing market consolidation
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages "Global Big Data Services Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Five force analysis, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.
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