|By Business Wire||
|May 15, 2014 11:53 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/3m52wp/global_big_data) has announced the addition of the "Global Big Data Services Market 2014-2018" report to their offering.
The Global Big Data Services market to grow at a CAGR of 32% over the period 2013-2018
Big data services are a wide range of services required for processing and analyzing enterprise data, which is too large for traditional data processing tools. This data is generated from various sources such as mobile devices, digital repositories, and enterprise applications and ranges from terabytes (10^12 bytes) to petabytes (10^15 bytes) and even exabytes (10^18 bytes). Big data services are used to provide a wide range of facilities such as conversation analysis in social networking websites, fraud management in the BFSI sector, and disease diagnosis in the Healthcare sector.
The consolidation in the Global Big Data market is increasing as many large enterprise-computing vendors are acquiring companies to provide new big data technologies. Large vendors are targeting small companies to expand their business portfolios and are acquiring major pure-play big data vendors.
IBM acquired many analytics companies such as DemandTec Inc., Varicent Software, Tealeaf Technology Inc., Kenexa Corp., and Vivisimo in 2012. It acquired several more big data analytic companies such as StoredIQ Inc., Star Analytics Inc., and The Now Factory in 2013.
Hewlett-Packard Co. acquired major pure-play vendor Vertica for US$350 million in 2011 and EMC acquired Greenplum.
Also, AsterData was acquired by Teradata in 2011, Oracle Corp. acquired Datanomic Ltd., Endeca Technologies Inc., ClearTrail, and DataRaker Inc.
Through acquisitions, large enterprise computing vendors are trying to enhance their capabilities to deliver a comprehensive big data solution.
According to the report, the ability of big data services to analyze data quickly and predict the future of data trends accurately is one of the major drivers. Big data services improve business processes, enhance information, and shorten the decision-making process.
Further, the report states that one of the major challenges is the lack of awareness about big data technology capability as IT service providers are ignorant about the competency of big data and do not invest in solutions analyzing a large amount of stored data.
- Accenture plc
- Hewlett-Packard Co.
- IBM Corp.
- PricewaterhouseCoopers LLP
Other Prominent Vendors
- Actuate Corp. (A Birt Company)
- 1010data Ltd.
- 10gen Inc.
- Amazon Web Services
- Dell Inc.
- EMC Corp.
- Fujitsu Ltd.
- Hitachi Ltd.
- Hortonworks Inc.
- HPCC Systems Inc.
- Huawei Technologies Co. Ltd.
- Informatica Corp.
- Intel Corp.
- Microsoft Corp.
- Mu Sigma Inc.
- NetApp Inc.
- Opera Solutions Inc.
- Oracle Corp.
- SAP AG
- SAS Institute Inc.
- Seagate Inc.
- Siemens Information Systems Ltd.
- Splunk Inc.
- Supermicro Computer Inc.
- Tableau Software Inc.
- Tata Consultancy Services Ltd.
- Teradata Corp.
- Think Big Analytics Inc.
- Xerox Corp
For more information visit http://www.researchandmarkets.com/research/3m52wp/global_big_data
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