TechNavio recognizes the following companies as the key players in Global Big Data Market: Hewlett-Packard Co., IBM Corp., Oracle Corp., and Teradata Corp.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-big-data-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Big Data Market 2014-2018
