Monday, April 18th, 2016

The Global Big Data as a Service Market 2016-2020 is a new research report added to With the beginning of new business models, the financial services industry has become more proactive rather than reactive. The industry is now focused on building models to understand their customers in greater depth compared to earlier decades. By using IT spending over big data analytics, financial institutions can target customer needs more precisely.

Complete report on big data as a service market spread across 92 pages, analyzing 5 major companies and provides 43 data exhibits is now available at .

The analysts forecast the global big data as a service market to grow at a CAGR of 60.9% during the period 2016-2020. According to the report, there has been an increase in the number of predictive modeling tools with interactive visualization and automation. These tools accelerate the methods for developing, ascertaining, and analyzing predictive models, which can be used by financial institutions for operations such as customer analytics, product innovation, risk reporting, and threat management.

During 2015, the Americas dominated this market and accounted for an impressive market share of more than 51%. The US is the major market in the region, as the country is home to major market players like HP, Dell, Cisco, and IBM. Also, many companies in the US are adopting big data technologies to improve risk management and customer target marketing abilities. Also, many banks in the US are leveraging big data technologies to gain a competitive edge over their competitors. Thus, the increasing adoption of big data is anticipated to elevate the growth of the financial services spending market in the Americas.

Order a copy of Global Big Data as a Service Market 2016-2020 report @ .

The global big data as a service market is highly fragmented and is characterized by the presence of many well=diversified vendors. Different vendors dominate the servers, storage, and networking segments of the market. The vendors are trying to increase their market presence by adopting aggressive marketing strategies like mergers and acquisitions. International vendors are continuously launching products and services in developing economies to take advantage of the economic growth in these regions.

Key players in the Global Big-data as a Service Market: HP Co., IBM Corp., SAP SE, SAS Institute Inc., and Teradata. Other Prominent Vendors in the market are: 1010data, Accenture, Alteryx, Altiscale, Atos, Attivio, Chartio, Cirro, ClearStory Data, Cloudera, Continuum Analytics, Datameer, DataStax, Doopex, EMC, Enthought, Hortonworks, MAANA, MapR Technologies, MarkLogic, Microsoft, MongoDB, Mu Sigma, and Predixion Software.

Further, the report states that the synchronization of big data technologies with the existing IT databases is a major concern. Migration of databases from similar sources on different schedules and at dissimilar rates can quickly get unsynchronized with the OS. With large data volumes, conventional data marts, sequences of data extractions, and migrations and transformations have become challenging for large organizations, which can be addressed by big data solutions.

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Ritesh Tiwari
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Big Data as a Service Market, Big Data as a Service Industry, Big Data as a Service Market Research Report, Big Data as a Service




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