- The key vendors in the big data services market in Western Europe 2015-2019 are Accenture plc, Deloitte Touche Tohmatsu Pvt. Ltd., Hewlett-Packard Co. (HP), IBM Corp., and PricewaterhouseCoopers (PwC)
London, 30 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the big data services market in Western Europe 2015-2019. The increased scope of big data is one of the key trends observed in this market. Big data analytics is gradually gaining traction in the market and involves collecting data from smart systems such as in-vehicle infotainment, smart meters, and kiosks. Applying analytical solutions to data collected from smart systems allows companies to further improve customer experience and to enhance the machine-based decision-making process. The big data services market in Western Europe is expected to grow at a rate of 28.74% during the forecast period of 2014-2019.
An important factor that propels growth in this market is the high penetration of global enterprises. Many companies are dependent on big data services to implement big data solutions and to assess their individual business needs relating to data management accurately. Big data solutions help companies in deploying software solutions, investing in hardware, and various business intelligence applications.
“Analytics as a service is a trend that is gaining considerable traction and will continue to do so during the forecast period. IT companies must provide infrastructure to perform data analytics, which is a resource-intensive proposition. Analytics as a service involves the provision of cloud infrastructure to perform big data analytics by eliminating manual IT tasks,” says Faisal Ghaus, Vice President of Technavio Research.
“Service providers in analytics offer high levels of domain-level expertise and allow companies to gain personalized access to centrally managed datasets. Analytics also help reduce delays that occur at the data scientist and business analyst levels and enable interactive exploration of datasets.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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