ReportsnReports.com adds report Global Big Data Market 2014-2018 to its store.Global Big Data market to grow at a CAGR of 34.17 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need to upgrade business processes and improve productivity. The Global Big Data market has also been witnessing the increase in market consolidation. However, the lack of awareness about the potential of big data could pose a challenge to the growth of this market.
The consolidation in the Global Big Data market is increasing. Many large enterprise computing vendors are increasingly acquiring companies to acquire new big data technologies. Larger vendors have targeted smaller companies to expand their business portfolio. Major pure-play big data vendors are being acquired by larger enterprise software vendors. IBM has acquired a number of analytics companies in the last few years. In 2012, the company acquired DemandTec Inc., Varicent Software, Tealeaf Technology Inc., Kenexa Corp., and Vivisimo. In 2013, it acquired several more big data analytic companies such as StoredIQ Inc., Star Analytics Inc., and The Now Factory. In 2011, Hewlett-Packard Co. acquired the major pure-play vendor Vertica for US$350 million and EMC acquired Greenplum. Also, AsterData was acquired by Teradata in 2011. Further, Oracle Corp. has acquired Datanomic Ltd., Endeca Technologies Inc., ClearTrail, and DataRaker Inc. Through acquisitions, the large enterprise computing vendors are trying to enhance their capabilities to deliver a comprehensive big data solution.
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According to the report, one of the major drivers is the need to upgrade business processes and improve performance. Big data solutions are able to automate business processes and hence able to shorten the decision-making process. Use of big data solutions keeps companies better informed and hence helps them make better decisions. It also helps improve the quality of products and services offered and therefore create higher value for customers by reducing waste.
Further, the report states that the lack of awareness about the full potential of big data technology is one of the major challenges confronting this market. IT managers are facing difficulties in finding and analyzing the right data from the piles of data that have been stored. Moreover, it is difficult for them to manage data from multiple sources.Global Big Data Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Big Data market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Hewlett-Packard Co., IBM Corp., Oracle Corp., and Teradata Corp.
Other vendors mentioned in the report are 1010data Ltd., 10gen Inc., Accenture Inc., Amazon Web Services, Attivio Inc., Calpont Corp., Capgemini Inc., ClickFox Inc., Cloudera Inc., Computer Sciences Corp., Couchbase Inc., Datameer Inc., DataStax Inc., Dell Inc., Digital Reasoning Systems Inc., EMC Corp., Fractal Analytics Inc., Fujitsu Ltd., Hitachi Ltd., Hortonworks Inc., HPCC Systems Inc., Huawei Technologies Co. Ltd., Informatica Corp., Intel Corp., Karmasphere Inc., Logica plc, MapR Technologies Inc., MarkLogic Inc., Microsoft Corp., Mu Sigma Inc., NetApp Inc., Opera Solutions Inc., ParAccel Inc., Pervasive Software Inc., QlikTech Ltd., RainStor Inc., Red Hat Inc., SAP AG, SAS Institute Inc., Seagate Inc., Siemens Information Systems Ltd., Splunk Inc., Supermicro Computer Inc., Tableau Software Inc., Tata Consultancy Services Ltd., Think Big Analytics Inc., and Xerox Corp.
Key questions answered in this report:
- What will the market size be in 2018 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?
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