Western Europe Big Data Services Market 2015-2019 with Accenture, Deloitte Touche Tohmatsu, Hewlett-Packard, IBM & PricewaterhouseCoopers Dominating

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Jul 28, 2015, 11:12 ET

DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7kxq53/big_data_services) has announced the addition of the "Big Data Services Market in Western Europe 2015-2019" report to their offering.

The big data services market in Western Europe to grow at a CAGR of 28.74% over the period 2014-2019

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The report, Big Data Services Market in Western Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the big data services market landscape in Western Europe and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Data generated from various sources such as mobile devices, digital repositories, and enterprise applications are converted into useful information through the use of analytical tools. Europe is witnessing a paradigm shift toward data driven approach by businesses and organizations to gain the benefits of available data.

Cloud and big data are two terms that have gained popularity in businesses across the world. Big data offers an opportunity to create competitive advantage, boost innovation, and drive increased revenues, whereas cloud as a delivery model of IT services offers enhanced business agility and productivity while enabling greater efficiencies and reducing costs. Both technologies are continuously evolving, and together offers promising results. Many companies are seeking cloud computing as a service to support their big data projects. Cloud computing can offer the servers and storage facilities required for big data systems and is a cost-effective way to support advanced analytics applications.

According to the report, big data technology is gaining increased traction across verticals. However, its implementation is cumbersome for certain companies around the world. Complexities and significant investments associated with big data projects are prompting companies to employ big data services. Therefore, companies are heavily relying on services to support big data projects, as the technology is relatively new. In addition, domain expertise is critical because big data analytics projects are different from one vertical to another. It is highly important for companies to hire consultants before the commencement of their big data deployment, driving overall market growth.

Further, the report states that growing concerns about the confidentiality of data is deterring companies from adopting big data technology.

Key Vendors