Market outlook for big data services in Western Europe
The big data services market in Western Europe is expected to grow rapidly at a CAGR of close to 29% through 2019. A major share of this demand emanates from Western European countries such as UK, Germany, and France.
Technavio’s research predicts an increased adoption of big data services in Western Europe, with strategic investments anticipated across industries. In Western Europe, there are more than 15 million SMEs, employing more than 180 million people. These investments are vital to companies of this region for staying competitive in the global marketplace.
Growth factors encouraging adoption of big data in Western Europe
The EU is looking to strengthen its framework for encouraging the adoption of big data in Europe. The Euro crisis has led to more comprehensive application of big data. Big data technologies are playing a pivotal role in improving the risk assessment capabilities among industries of Western Europe. Thus, the demand of data risk analytics is driving the rapid adoption of big data professional services in the region.
The European Commission in collaboration with Big Data Value Association has galvanized many public-private partnerships to encourage the use of big data in public sector projects. The framework includes verticals like medicine, food, logistics, and integrated regional transport, etc. Data PPP is augmenting large scale implementation of photonics, robotics, HPCs, and advanced 5G networks for the factories of the future.
Market segmentation of big data services in Western Europe by end-users
Advanced big data services and solutions are being implemented in wide ranging industry sectors across Western Europe.
The key end-user segments in the market include: -
- Telecommunication and media
- Financial services
- Retail
- Manufacturing
- Transport and logistics
- Healthcare
- Public sector
- Others
- Energy
Technavio report includes market shares by end-user segments Source: Technavio research
Popular big data products and services in Western Europe
Big data products and services that have gained significant foothold in Western Europe are: -
- Database management tools
- Big data analytics tools
- Big data integration tools
- Data warehousing tools
- Traditional BI solutions
- Data analysis services
- Professional services, training, and big data consulting services
Leading vendors of the big data professional services market in Western Europe
The report presents an in-depth study of the vendor landscape and outlines key business segments and strategies adopted by the leading vendors in the market.
- Accenture
- Capgemini
- Deloitte
- HP
- IBM
- PwC
- Computer Science Corp.
Other prominent vendors include Actian, Amazon, Capgemini, Century Link, Cisco, Cloudera, CSC, Dell, Deloitte, EMC, Google, GE, Hitachi, Hortonworks, Informatica, Intel, Microsoft, Mu Sigma, Netapp, Oracle, Palantir, Pivotal, RackSpace, Red Hat, SAS, TCS, Terradata, and VMware.
Other sections of the report include an analysis of the following:
- Key drivers, challenges, and trends and their impact on the big data professional services market in Western Europe
- Five forces analysis of the big data professional services market in Western Europe
- SWOT analysis of the leading companies in the big data professional services market in Western Europe
- Key business segments and vendor offerings in the big data professional services market in Western Europe
- A study of complexities associated with the implementation of big data
- Big data use cases in the various industrial segments of the market
Related reports: