Global Big Data in the Financial Services Market to Observe Strong Development of 17.0% CAGR by Revenue During the Period 2018 - 2021

Marketprognosis.com Publish a New Market Research Report On “Big Data in the Financial Services Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” which contains global key player’s survey information and forecast to 2030.

Overview of the Global Big Data in the Financial Services Market:

The market research analyst estimates that Big Data investments in the financial services industry will account for nearly $9 Billion in 2018 alone. Led by a plethora of business opportunities for banks, insurers, credit card and payment processing specialists, asset and wealth management firms, lenders and other stakeholders, these investments are further expected to grow at a CAGR of approximately 17% over the next three years.

Big Data originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.

Amid the proliferation of real-time and historical data from sources such as connected devices, web, social media, sensors, log files and transactional applications, Big Data is rapidly gaining traction from a diverse range of vertical sectors. The financial services industry is no exception to this trend, where Big Data has found a host of applications ranging from targeted marketing and credit scoring to usage-based insurance, data-driven trading, fraud detection and beyond.

Get a Sample Copy of this Report @ https://www.marketprognosis.com/sample-request/15204 .

The “Big Data in the Financial Services Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the financial services industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2018 through to 2030. The forecasts are segmented for 8 horizontal submarkets, 6 application areas, 11 use cases, 6 regions and 35 countries.

The report has the following key findings:

1 In 2018, Big Data vendors will pocket nearly $9 Billion from hardware, software and professional services revenues in the financial services industry. These investments are further expected to grow at a CAGR of approximately 17% over the next three years, eventually accounting for over $14 Billion by the end of 2021.

2 Banks and other traditional financial services institutes are warming to the idea of embracing cloud-based platforms, particularly hybrid-cloud implementations, in a bid to alleviate the technical and scalability challenges associated with on-premise Big Data environments.

3 Big Data technologies are playing a pivotal role in facilitating the creation and success of innovative FinTech (Financial Technology) startups, most notably in the online lending, alterative insurance and money transfer sectors.

4 In addition to utilizing traditional information sources, financial services institutes are increasingly becoming reliant on alternative sources of data – ranging from social media to satellite imagery – that can provide previously hidden insights for multiple application areas including data-driven trading and investments, and credit scoring.

Purchase this report online with Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/15204 .

The report covers the following topics:

1 Big Data ecosystem

2 Market drivers and barriers

3 Enabling technologies, standardization and regulatory initiatives

4 Big Data analytics and implementation models

5 Business case, application areas and use cases in the financial services industry

6 30 case studies of Big Data investments by banks, insurers, credit card and payment processing specialists, asset and wealth management firms, lenders, and other stakeholders in the financial services industry

7 Future roadmap and value chain

8 Profiles and strategies of over 270 leading and emerging Big Data ecosystem players

9 Strategic recommendations for Big Data vendors and financial services industry stakeholders

10 Market analysis and forecasts from 2018 till 2030

Market forecasts are provided for each of the following submarkets and their subcategories:

Hardware, Software & Professional Services:

1 Hardware

2 Software

3 Professional Services

Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/15204 .

Horizontal Submarkets:

1 Storage & Compute Infrastructure

2 Networking Infrastructure

3 Hadoop & Infrastructure Software

4 SQL

5 NoSQL

6 Analytic Platforms & Applications

7 Cloud Platforms

8 Professional Services

Application Areas:

1 Personal & Business Banking

2 Investment Banking & Capital Markets

3 Insurance Services

4 Credit Cards & Payment Processing

5 Lending & Financing

6 Asset & Wealth Management

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

This release was published on openPR.