Dublin, Oct. 18, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/xz3zpz/global_big_data)
has announced the addition of the
"Global Big Data Market in the Financial Services Sector
2012-2016" report to their offering.
The analysts forecast the Global Big Data market in the
Financial Services Sector to grow at a CAGR of 56.69 percent
over the period 2012-2016. One of the key factors contributing to
this market growth is the need to meet financial regulations. The
market has also been witnessing the emergence of social media.
However, the lack of skilled resources to manage big data could
pose a challenge to the growth of this market.
The key vendors dominating this space include Hewlett-Packard Co.,
IBM Corp., Microsoft Corp., and Oracle Corp.
The other vendors mentioned in this report are Cloudera Inc.,
DataStax Inc., EMC Corp., and MapR Technologies Inc.
Commenting on the report, an analyst from the Enterprise Computing
team said: Social media has become a major data source for many
organizations. This is because of its ability to provide instant
feedback about the businesses through blogs and social networking
sites. With the rise of social media, there is also a high demand
to track user interactions on these sites. Organizations have
realized the need to augment their data warehouses with external
data sources. Additionally, the increasing importance of sentiment
analysis and advancements in text analytics are encouraging
organizations to include social media in their business process.
Organizations can establish themselves against competition only if
they understand and approach their customers in the most informed
manner and on a platform they prefer. Big data is proving to be a
catalyst of such differentiation strategy of enterprises.
Therefore, this is a positive trend in the market and is expected
to drive the growth of the Global Big Data market in the Financial
Services sector in the coming years.
For more information visit
http://www.researchandmarkets.com/research/xz3zpz/global_big_data
About Research and Markets
Research and Markets is the world's leading source for
international market research reports and market data. We provide
you with the latest data on international and regional markets, key
industries, the top companies, new products and the latest
trends.
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector:
Computing and Technology