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Follow on Google News |  TechNavio Shares its Research Insights into the Global Big Data MarketReports released at the backdrop of the BigData TECHCON event happening in San Francisco (USA)
By: TechNavio After closely tracking this market, TechNavio analysts have forecasted steady growth for the Big Data field throughout the next few years, and a 53 percent CAGR for the period 2012-2016. The full versions of the reports within the Big Data series cover the main driving factors, challenges, and trends of this market, also giving analysis on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance. Speaking on this subject, TechNavio’s senior analyst and co-author of the Global Big Data reports commented, “The rapid explosion of data in enterprise networks, rising demand for cost-effective Big Data solutions and a pressing need to meet financial regulation, are three of the key drivers stimulating the growth of this market. Big Data is witnessing mass-scale adoption and usage in retail, banking, and manufacturing firms, where huge amounts of data generation and computation occur. More than 40 percent of the market is in the US, followed by the EMEA and APAC regions and find wide spread usage in large enterprises, SMEs and Government organizations.” Competition is intense as local and larger vendors alike fight to capitalize on the massive profit potential of Big Data, and services like automatic backup, cache cleaning, automated data recovery, and data compression. The leading vendors in this market include Dell, EMC, Fujitsu, Google, Hewlett-Packard, Hitachi Data Systems, IBM, Microsoft and Oracle, that cover more than 50 percent of this market and provide solutions across several sectors including financial services, healthcare, telecom, and communications. The rest of market revenue is divided equallly among a number of smaller pure-play vendors who primarily specialize in offerings for financial enterprises For more information on this topic and our research on please e-mail enquiry@TechNavio.com. · http://www.technavio.com/ · http://www.technavio.com/ · http://www.technavio.com/ · http://www.technavio.com/ About TechNavio TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions. TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes. Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year. Media Contact: Rituparna Roy / Kirsten Rudyk / Arijit Rakshit Contact: +44 208 123 1770 / +1 630 333 9501 / +91 9483526928 Email: media@TechNavio.com Twitter: @TechNavio http://www.technavio.com/ http://www.infiniti- End
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