TechNavio recognizes the following companies as the key players in the Big Data Market in Europe: Hewlett-Packard Co., IBM Corp., SAP AG, and Teradata Corp.
Commenting on the report, an analyst from TechNavio’s team said: “As the hardware costs incurred by organizations are declining across the globe and there is increased demand for real-time computing, in-memory computing is expected to become popular in the near future. Analysts at TechNavio predict that 35-40 percent of medium-sized and large enterprises around the world will adopt in-memory computing by 2016. In-memory computing will help global organizations gain competitive advantage and differentiate their offerings from those of their competitors. Recently, organizations have benefitted hugely from real-time computing such as fraud detection, inventory management, genome analysis, point of sale management, and others, and it is likely that in-memory computing will create endless opportunities for global businesses in the next few years.”
According to the report, one of the major drivers is the ability to analyze historical data and make accurate future predictions. Big data solutions enable IT managers to quickly derive insights from their collected data and improve the quality of their decisions. In addition, data analytics helps organizations develop an innovative business strategy and improve their overall operational efficiency. It also helps in identifying the risks and opportunities in organizations, enabling them to plan and perform accordingly.
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/big-data-market-europe-2012-2016
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 -Big Data Market in Europe 2012-2016
