DUBLIN, November 25, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/38jkft/global_big_data) has announced the addition of the "Global Big Data Enabled Market 2015-2019" report to their offering.
The 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.
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.
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.
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.
Leading vendor analysis included in the report
Other prominent vendors in this market are 1010data
- Epic Systems
- GNS Healthcare
- MapR Technologies
- NTT Data
- Philips Healthcare
- Sogeti Healthcare
For more information visit http://www.researchandmarkets.com/research/38jkft/global_big_data
Laura Wood ,
SOURCE Research and Markets