DUBLIN, Oct. 23, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/vhb3bz/global_big_data) has announced the addition of the "Global Big Data IT Spending in Financial Sector - Market Research 2015-2019" report to their offering.
The global big data IT spending in financial services market to grow at a CAGR of 25.5% over the period 2014-2019.
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.
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.
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.
Social media has started playing a major role in data sourcing among many organizations. This is because of its ability to offer instant feedback about businesses through social networking sites and blogs. Organizations are adding data warehouses with external data sources.
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.
Further, the report states that one of the major concerns with big data solutions is the difficulty in ascertaining the accuracy of the underlying data that is used to support corporate decision-making.
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
- SAS Institute
Other prominent vendors
- Clearstory Data
- Continuum Analytics
- MapR technologies
- Predixion Software
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market segmentation by product
Part 07: Geographical Segmentation
Part 08: Market Growth Drivers
Part 09: Impact of drivers
Part 10: Market Challenges
Part 11: Impact of drivers and challenges
Part 12: Market Trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/vhb3bz/global_big_data
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets