In conjunction with the BigData TECHCON Event happening in San Francisco (USA) this week, TechNavio the syndicated research platform of Infiniti Research shares market research insights for the Big Data Market in the Financial Services, Storage and Server Market, Oil and Gas Sector, and Data-as-a-service Market for 2012-2016.
After closely tracking this market, TechNavio analysts have forecasted steady growth for the Big Data field throughout the next few years, and a 53 percent CAGR for the period 2012-2016.
The full versions of the reports within the Big Data series cover the main driving factors, challenges, and trends of this market, also giving analysis on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
Speaking on this subject, TechNavio’s senior analyst and co-author of the Global Big Data reports commented,“The rapid explosion of data in enterprise networks, rising demand for cost-effective Big Data solutions and a pressing need to meet financial regulation, are three of the key drivers stimulating the growth of this market. Big Data is witnessing mass-scale adoption and usage in retail, banking, and manufacturing firms, where huge amounts of data generation and computation occur. More than 40 percent of the market is in the US, followed by the EMEA and APAC regions and find wide spread usage in large enterprises, SMEs and Government organizations.”
Competition is intense as local and larger vendors alike fight to capitalize on the massive profit potential of Big Data, and services like automatic backup, cache cleaning, automated data recovery, and data compression. The leading vendors in this market include Dell, EMC, Fujitsu, Google, Hewlett-Packard, Hitachi Data Systems, IBM, Microsoft and Oracle, that cover more than 50 percent of this market and provide solutions across several sectors including financial services, healthcare, telecom, and communications. The rest of market revenue is divided equallly among a number of smaller pure-play vendors who primarily specialize in offerings for financial enterprises