Sandlerresearch.org, an online store for research papers, published a report on the big data services market spanning from 2014-2018, where it predicts an estimated 32.14 percent compound annual growth rate, according to TechNavio analysts.

The report divides the big data services market into three segments: Analytics, Consulting, and Professional services, and it covers the Americas, EMEA and APAC regions; it also covers the Global Big Data Services market and its growth prospects in the coming years. Furthermore, the report covers a wide range of information to look at during the next four years, such as key vendors, market trends and driving forces, challenges to market growth, and opportunities and threats to vendors, among others.

Sandlerresearch.org approaches big data services as “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. 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 key questions answered in the report are:

•     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?

The report is available for purchase here

(Image Credit: Ken Teegardin)

Across Europe – and across the world – the demand for big data is growing and with it the big data market.  In Europe, from 2012-2016 the market is supposed to grow by over 30%.  However, despite the promising growth in the sector, unresolved questions in conjunction with the simple lack of knowledge of the potential of big data is hampering what should be even larger growth.

According to analysts with TechNavio “35-40 percent of medium-sized and large enterprises around the world will adopt in-memory computing by 2016.”  With the initial investment cost in hardware declining, popularity of real-time and in-memory is steadily on the rise.  In-memory computing has already benefited companies through detecting fraud, managing inventory, and analysing the human genome.  Opportunities to expand the potential of this technology are limitless.

Additionally, big data is making huge strides in providing increasingly accurate predictions of future trends.  This is based on the analysis of historical data, wherein big data applications offer IT managers deep insights into past data to make information driven decisions.  Big data provided risk-assessment and smart management tools based on real-time information will only be a growing sector in the future.

(Image Credit:  woodleywonderworks)