Dallas, Texas (PRWEB) October 25, 2013
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 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 benefited 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.
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Analysts forecast the Big Data market in Europe to grow at a CAGR of 31.96 percent over the period 2012-2016. 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 Big Data market in Europe 2012-2016 (http://www.reportsnreports.com/reports/269419-big-data-market-in-europe-2012-2016.html) has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Europe market; it also covers the Big Data market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Big Data Market in Europe: Hewlett-Packard Co., IBM Corp., SAP AG, and Teradata Corp.
Other vendors mentioned in the report are 1010data Ltd., 10gen Inc., Accenture Inc., Amazon Web Services, Attivio Inc., Calpont Corp., Capgemini Inc., ClickFox Inc., Cloudera Inc., Computer Sciences Corp., Couchbase Inc., Datameer Inc., DataStax Inc., Dell Inc., Digital Reasoning Systems Inc., EMC Corp., Fractal Analytics Inc., Fujitsu Ltd., Hitachi Ltd., Hortonworks Inc., HPCC Systems Inc., Huawei Technologies Co. Ltd., Informatica Corp., Intel Corp., Karmasphere Inc., Logica plc, MapR Technologies Inc., MarkLogic Inc., Microsoft Corp., Mu Sigma Inc., NetApp Inc., Opera Solutions Inc., Oracle Corp., ParAccel Inc., Pervasive Software Inc., QlikTech Ltd., RainStor Inc., Red Hat Inc., SAS Institute Inc., Seagate Inc., Siemens Information Systems Ltd., Splunk Inc., Supermicro Computer Inc., Tableau Software Inc., Tata Consultancy Services Ltd., Teradata Corp., Think Big Analytics Inc., and Xerox Corp.
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