Global Big Data Market in the Retail Sector to grow at 33.14 percent CAGR during 2014-2018
Services segment accounts for 50 percent revenue generation of the Global Big Data Market in the Retail sector according to latest research findings by the independent London-based global research firm TechNavio. The findings are for the forecast period 2014-2018.
The Services segment, which includes big data support, education, training, and professional services has been faring well over the years and attracts the largest revenue generation than other key segments like Hardware, Software.
Several organizations are investing in big data consulting services, which helps them analyze, monitor and predict business performance. These analytics services also offer better analysis, planning capabilities, and enable comprehensive and integrated management of related business data, which aids in the overall growth of this market.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “The Global Big Data market in the Retail sector is highly fragmented because of the presence of many small and large big data vendors. With the increased competition, the Global Big Data market has been witnessing consolidation, where smaller entities are being acquired by or merged with major players in order to expand the latter’s customer base and product offerings. The leading vendors in the Global Big Data market in the Retail sector are IBM Corp., Hewlett-Packard Co., Teradata Corp., and Oracle Corp.”
To determine the scenario for these vendors 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.
If you are interested in more information on this topic and our upcoming research on Global Big Data Market in the Retail Sector 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Big Data Market in the Retail Sector. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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