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Market Research Report

Europe Big Data Market Size Analysis Based on Components (Hardware, Software, Connectivity & Services), on Application (Financial, Risk, & Customer Analytics), & End-User With Forecast 2016-2024

Published On : 2018-01-31 Report Page : 250 Category: Advanced Future Technologies

Europe Big Data Market 

Market Overview

Large amount of data is being produced every day and when this data is analyzed and interlinked they provide a potential outcome to create new knowledge and innovative solutions for economy and society. Growing penetration of internet coupled with adoption of cloud computing has generated a significant amount of data on account of rapid technological advancements and increased connectivity. Thus, the Europe big data industry is estimated to witness a high growth in order to keep pace with this data eruption. According to Goldstein Research estimates, by 2020, big data can improve the European GDP by 1.9%, and will be responsible for more than 3.5 million jobs in Europe by 2018.

Goldstein Research analyst forecast the Europe big data market to expand at a CAGR of 19.1% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 35.0 billion by the end of forecast period. 

Covered in this Europe big data market report

The report covers the present ground scenario and the future growth prospects of the Europe big data market for 2016-2024 along with the total revenue of big data industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment and region on a regional, and country level. The revenue forecast is given on the basis of number of big data companies and current growth rate of the market.

Europe Big Data Market Segmentation

Based on Components

  • Hardware
  • Software
  • Connectivity
  • Services

Based on Application

  • Financial Analytics
  • Risk Analytics
  • Customer Analytics
  • Operational Analytics

Based on End Users

  • Banking & Finance
  • Transportation & Logistics
  • Aerospace and Defense
  • IT & Telecommunication
  • Healthcare
  • Energy & Utilities
  • Manufacturing
  • Other (Education etc.)

By Geography

  • U.K {Market Share (%), Market Size (USD Million) }
  • Germany {Market Share (%), Market Size (USD Million) }
  • France {Market Share (%), Market Size (USD Million) }
  • Italy {Market Share (%), Market Size (USD Million) }
  • Spain {Market Share (%), Market Size (USD Million) }
  • Sweden {Market Share (%), Market Size (USD Million) }
  • Russia {Market Share (%), Market Size (USD Million) }
  • Rest of Europe {Market Share (%), Market Size (USD Million) }

Based on big data end users, banking and finance sector accounted for the largest revenue share of 35% in Europe big data market in 2016. Further, the market is likely to continue its dominance over the forecast period as the BFSI sector will continue to utilize big data analysis to generate valuable insights and to create innovative models of trading, fund management, and risk control.

Europe Big data Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Europe big data market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Europe big data market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our Europe big data market report comprises of the following companies as the key players in the Europe big data market: IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Splunk Incorporated, Intel Corporation, TIBCO Software Inc., NetApp, Inc., Google, Dell Inc., SAP SE, VMware Inc., MicroStrategy, Inc., EMC Corporation, HORTONWORKS INC., Cloudera, Inc., Karmasphere Inc., Teradata Corporation and HP Enterprise.

According to our Europe big data market study on the basis of extensive primary and secondary research, one major trend in the market is deep learning and artificial intelligence. These smart technologies will become smarter in coming years and will be applied more often by organizations, since the required computing power and available data is no longer the problem to develop intelligent applications. Therefore, coming years will see huge growth in big data with smarter applications and more intelligent connected products.

According to the report, major driver in Europe big data market is emergence of cloud computing and internet if things (IoT). Most important initiatives for big data usage and development are cloud transformation (66%), IoT (32%) and big data/cognitive solutions (27%). The cloud computing platform provides scalability and the IoT forms the foundation for investment in big data and cognitive computing, which is likely to drive the big data market growth exponentially.

Further, the report states that one challenge in Europe big data market is the data security and privacy. Data security is one of the major concerns for the organizations and market players with big data stores, as these big data stores are attractive targets for hackers or advanced persistent threats.

Geographically, Western Europe accounted for the largest market share with USD 6.8 billion revenue share in Europe big data market. Germany accounted for the largest market for big data in Europe with around 28% market share, closely followed by U.K. Eastern Europe countries such as Poland and Russia are likely to grow significantly at a CAGR of 18.2% over the forecast period.  

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Europe big data market report

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Europe Big Data Market Size Analysis Based on Components (Hardware, Software, Connectivity & Services), on Application (Financial, Risk, & Customer Analytics), & End-User With Forecast 2016-2024

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements