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Global Big Data Enabled Market to Grow at a CAGR of over 23% by 2019

ResearchMoz added Latest Research Report titled " Global Big Data Enabled Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 06/14/2016 -- 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 -

Technavios 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.

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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.

The report presents a detailed analysis of the market shares of the following regions:

- Americas

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Key questions answered in this report -

- What will the market size be in 2019 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?

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