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(Wireless-NewsWire.Com, April 19, 2017 ) About big data IT spending in financial services
The financial services are among the most data-driven industries. Financial services institutions operate within regulatory environments that require firms to store and analyze several years of transactional data. For making the most from the businesses, financial services relies on relational technologies coupled with business intelligence tools to handle the ever increasing data and analytics burden. In today's world of information, the financial service industry is witnessing a disruptive change in the way do businesses worldwide. Regulatory reforms majorly drive this change. Ailing business and customer settlements, continuous economic crisis in other industry verticals, high cost of new technology and business models, and high degree of industry consolidation and automation are some of the other growth drivers.
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Many financial services currently focus on improving their traditional data infrastructure as they have been addressing issues such as customer data management, risk, workforce mobility, and multichannel effectiveness. These daily problems led financial organization to deploy big data as a long-term strategy. By the end of 2014, big data has turned out to be the fastest growing technology adopted by the financial institutions over the past five years.
Publisher's analysts forecast global big data IT spending in financial services market to grow at a CAGR of 25.5% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global big data IT spending in financial services for 2015-2019. To calculate the market size, the report considers revenue generated from the sale of big data solutions only in the financial services sector.
It includes big data hardware, software, and services revenue to calculate the market size. In order to calculate hardware, software, and IT services spending, the following sub-segments have been considered:
- Hardware: Servers, networking equipment, and storage equipment
- Software: Apache Hadoop-related solutions and cloud solutions
- Services: Analytics, consulting, support, and professional services
Publisher's report, Global Big Data IT Spending in Financial Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA. It also covers the landscape of the global big data IT spending in financial services market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key regions
- Americas
- APAC
- EMEA
Key vendors
- Capgemini
- IBM
- Oracle
- SAP
- SAS Institute
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001232347/sample
Other prominent vendors
- Alteryx
- Atos
- Chartio
- Cirro
- Clearstory Data
- Continuum Analytics
- Datameer
- DataStax
- Emc2
- Enthought
- Maana
- MapR technologies
- Predixion Software
Key market driver
- Explosive data growth
- For a full, detailed list, view our report
Key market challenge
- Lack of big data technology expertise
- For a full, detailed list, view our report
Key market trend
- High spending in customer engagements
- For a full, detailed list, view our report
Companies Mentioned:
Alteryx
IBM
SAS
SAP
Capgemini
Oracle
Atos
Chartio
Cirro
Clearstory Data
Continuum Analytics
Datameer
DataStax
EMC
Enthought
Maana
MapR
Predixion.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001232347/buying
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Priya Sisodia
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