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Global Big Data IT Spending in Financial Services Market to Grow at a CAGR of 25.5% During 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Big Data IT Spending in Financial Sector - Market Research 2015-2019” research report to their website


Lewes, DE -- (SBWIRE) -- 10/06/2015 -- Report forecast global big data IT spending in financial services market to grow at a CAGR of 25.5% over the period 2014-2019.

The financial services are among the most data-driven industries. Financial services institutions operate within regulatory environments that require firms to store and analyze several years of transactional data. For making the most from the businesses, financial services relies on relational technologies coupled with business intelligence tools to handle the ever increasing data and analytics burden.

In today's world of information, the financial service industry is witnessing a disruptive change in the way do businesses worldwide. Regulatory reforms majorly drive this change. Ailing business and customer settlements, continuous economic crisis in other industry verticals, high cost of new technology and business models, and high degree of industry consolidation and automation are some of the other growth drivers.

Many financial services currently focus on improving their traditional data infrastructure as they have been addressing issues such as customer data management, risk, workforce mobility, and multichannel effectiveness. These daily problems led financial organization to deploy big data as a long-term strategy. By the end of 2014, big data has turned out to be the fastest growing technology adopted by the financial institutions over the past five years.

This report covers the present scenario and the growth prospects of the global big data IT spending in financial services for 2015-2019. To calculate the market size, the report considers revenue generated from the sale of big data solutions only in the financial services sector.

It includes big data hardware, software, and services revenue to calculate the market size. In order to calculate hardware, software, and IT services spending, the following sub-segments have been considered:
- Hardware: Servers, networking equipment, and storage equipment
- Software: Apache Hadoop-related solutions and cloud solutions
- Services: Analytics, consulting, support, and professional services

Global Big Data IT Spending in Financial Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA. It also covers the landscape of the global big data IT spending in financial services market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, the major reason for growth in investments in marketing technology is the growing desire of companies to automate marketing. Some of the data intelligence tools help companies analyze the scope of improvement in areas such as sales, promotion, and product development.

Key regions
- Americas

Key players in the Global Big Data IT Spending Market in Financial Sector: Alteryx, IBM, SAS, SAP, Capgemini and Oracle

Other Prominent Vendors in the market are: Atos, Chartio, Cirro, Clearstory Data, Continuum Analytics, Datameer, DataStax, EMC, Enthought, Maana, MapR, and Predixion.

Key market driver
- Explosive data growth
- For a full, detailed list, view our report

Key market challenge
- Lack of big data technology expertise
- For a full, detailed list, view our report

Key market trend
- High spending in customer engagements
- For a full, detailed list, view our report

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?

Spanning over 82 pages "Global Big Data IT Spending in Financial Sector - Market Research 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market segmentation by product, Geographical Segmentation, Market Growth Drivers, Impact of drivers, Market Challenges, Impact of drivers and challenges, Market Trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit-

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