DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j9r5zv/big_data_market) has announced the addition of the "Big Data Market in Europe 2012-2016" report to their offering.
The Big Data market in Europe to grow at a CAGR of 31.96 percent over the period 2012-2016.
One of the key factors contributing to this market growth is big data's ability to analyze data to predict future accurately. The Big Data market in Europe has also been witnessing the adoption of in-memory computing. However, the lack of awareness of big data's potential could pose a challenge to the growth of this market.
As the hardware costs incurred by organizations are declining across the globe and there is increased demand for real-time computing, in-memory computing is expected to become popular in the near future. Analysts at TechNavio predict that 35-40 percent of medium-sized and large enterprises around the world will adopt in-memory computing by 2016. In-memory computing will help global organizations gain competitive advantage and differentiate their offerings from those of their competitors. Recently, organizations have benefitted hugely from real-time computing such as fraud detection, inventory management, genome analysis, point of sale management, and others, and it is likely that in-memory computing will create endless opportunities for global businesses in the next few years.
According to the report, one of the major drivers is the ability to analyze historical data and make accurate future predictions. Big data solutions enable IT managers to quickly derive insights from their collected data and improve the quality of their decisions. In addition, data analytics helps organizations develop an innovative business strategy and improve their overall operational efficiency. It also helps in identifying the risks and opportunities in organizations, enabling them to plan and perform accordingly.
Further, the report states that the lack of awareness about the full potential of big data technology is one of the major challenges confronting this market. IT managers are facing difficulties in finding and analyzing the right data from the piles of data that have been stored. Moreover, it is difficult for them to manage data from multiple sources.
The key vendors dominating this market space are:
- IBM Corp.
- Hewlett-Packard Co.
- Teradata Corp.
- SAP AG
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Revenue
08. Market Segmentation by End-users
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/j9r5zv/big_data_market.