DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xbsb7g/big_data_and) has announced the addition of the "Big Data and Telecom Analytics Market: Business Case, Market Analysis & Forecasts 2014 - 2019" report to their offering.
The authors expect the Big Data-driven telecom analytics market to grow at a CAGR of nearly 50% between 2014 and 2019. By the end of 2019, the market will eventually account for $5.4 billion in annual revenue.
Big Data refers to a massive volume of both structured and unstructured data that is so large that it is difficult to process using traditional database and software techniques. While the presence of such datasets is not something new, the past few years have witnessed immense commercial investments in solutions that address the processing and analysis of Big Data.
Big Data opens a vast array of applications and opportunities in multiple vertical sectors including, but not limited to, retail and hospitality, media, utilities, financial services, healthcare and pharmaceutical, telecommunications, government, homeland security, and the emerging industrial Internet vertical.
Key Findings:
Big Data opens a vast array of applications and opportunities in multiple vertical sectors including, but not limited to, retail and hospitality, media, utilities, financial services, healthcare and pharmaceutical, telecommunications, government, homeland security, and the emerging industrial Internet vertical.
The authors of this study have determined that IBM leads the Big Data market in terms of current investments (from a vendor perspective), with estimated revenue for $1.3 billion in 2012 for its Big Data services, software and hardware sale.
Despite challenges such as the lack of clear Big Data strategies, security concerns and the need for workforce re-skilling, the growth potential of Big Data is unprecedented. The authors estimate that global spending on Big Data will grow at a CAGR of 48% between 2014 and 2019. Big Data revenues will reach $135 billion by the end of 2019.
Big Data technologies and, in particular, their analytics abilities, offer a multitude of benefits to telecom including improving subscriber experience, building & maintaining smarter networks, reducing churn and even the generation of new revenue streams.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Big Data Technology & Business Case
Chapter 3: Key Investment Sectors for Big Data
Chapter 4: The Big Data Value Chain
Chapter 5: Big Data in Telco Analytics
Chapter 6: Key Players in the Big Data Market
Chapter 7: Market Analysis
For more information visit http://www.researchandmarkets.com/research/xbsb7g/big_data_and.
