Published on : Jul 21, 2015
ALBANY, New York, July 14, 2015 – The latest report addition on ResearchMoz, titled “Big Data Services Market in Western Europe 2015-2019”, elaborates on the most influential trends that are shaping the Western Europe big data services market. According to this report, the Western Europe big data services market will witness an impressive CAGR of 28.74% during the forecast period of 2014 to 2019. The report offers further forecasts for the main sectors and their sub-sectors in the Western Europe big data services market.
By end users, the Western Europe big data services market is divided into oil and gas, healthcare, transport and logistics, biopharmaceutical, public sector, manufacturing, retail industry, telecommunications and media, and financial services.
The massive amount of data generated in these end-use sectors is termed as big data. The tremendous growth in the volume of big data is currently driving the development of technology and tools that help manage and evaluate this data. Presently, Hadoop technology is used by Facebook, Yahoo, LinkedIn, etc., to analyze big data. The Western Europe big data services market is driven primarily by the exponential growth of data, which is collected and stored by organizations around the world. In addition to this, the Western Europe big data services market also benefits from the cost-effectiveness and increased efficiency of big data technology and services.
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As the technology advances, the Western Europe big data services market is expected to experience rapid growth in the coming few years. On the other hand, factors such as the lack of talent to tap into to harness the potential from big data will suppress the Western Europe big data services market. Nevertheless, big data services offer a good market opportunity for players to create innovative business models. Players in the Western Europe big data services market will also face the challenge of storing the humongous amount of data generated every second.
The key vendors operating in the Western Europe big data services market are IBM, Hewlett-Packard, Deloitte Touche Tohmatsu, Accenture, PricewaterhouseCoopers, Capgemini, Amazon, Actian, Cloudera, GE, and Dell. Each company has been profiled in detail in the report. The key facts, business outlook, product classification, latest developments, and SWOT analysis of these companies has been covered in this report.
Europe is currently experiencing a paradigm shift towards the data-driven approach of enterprises to leverage the available data. However, Europe still lags behind the North American big data services market. Hence, there is a rising need for improving business conditions in enterprises that will help adoption of big data services, as the big data value chain is currently fragmented.
According to the report, tactical investments in several sectors such as IT, telecom, retail, BFSI, transportation, healthcare, and energy will fuel the growth of the Western Europe big data services market.
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