Market Research Report
Global Big data as a Service Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||356029|
|Published||Content info||92 Pages
Delivery time: 1-2 business days
|Global Big data as a Service Market 2016-2020|
|Published: April 6, 2016||Content info: 92 Pages||
With the rise in IT consumerization, technology has created a new platform for financial applications, helping banks to collect, consolidate, and consume information to change the engagement model with customers through websites and mobile applications.
With the rise in mobile workforce and consumer expectation, financial institutions are gearing up their efforts to attract, retain, and grow their next-generation IT-driven bankers. However, many industry verticals are struggling to act quickly to meet the expectations of online customers due to fragmented processes, legacy technology infrastructure, and ingrained businesses.
Financial service is in a positive stage for the adoption of big data. Most financial services currently focus on improving their traditional data infrastructure and address issues such as customer data management, risk, workforce mobility, and multichannel effectiveness. These consistent problems have led financial organization to deploy big data as a long-term strategy.
Technavio's analysts forecast the global big data as a service market to grow at a CAGR of 60.9% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global big data as a service market for 2016-2020. To calculate the market size, the report considers the revenue generated from the three segments: Hadoop as a service (HaaS), data platform as a service (PaaS), and analytics as a service that consists of consulting and advisory services as well.
The market is divided into the following segments based on geography:
Technavio's report, Global Big-data as a Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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