Global Big Data IT Spending in Financial Sector is growing at a CAGR of 25.5% over the period 2016-2019: Radiant Insights, Inc

Radiant Insights
Market Research Report On “Global Big Data IT Spending in Financial” Which provide financial services are among the most data-driven industries. Financial services institutions operate within regulatory environments that require firms to store and analyze several years of transaction data. For making the most from the businesses, financial services relies on relational technologies coupled with business intelligence tools to handle the ever increasing data and analytic burden.

Many financial services currently focus on improving their traditional data infrastructure as they have been addressing issues such as customer data management, risk, workforce mobility, and multichannel effectiveness. These daily problems led financial organization to deploy big data as a long-term strategy. By the end of 2014, big data has turned out to be the fastest growing technology adopted by the financial institutions over the past five years.

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This report covers the present scenario and the growth prospects of the global big data IT spending in financial services for 2015-2019. To calculate the market size, the report considers revenue generated from the sale of big data solutions only in the financial services sector.

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Technavio’s report, Global Big Data IT Spending in Financial Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA. It also covers the landscape of the global big data IT spending in financial services market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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