Services segment accounts for 50 percent Revenue Generation of the Global Big Data Market in the Retail sector

Reportstack has announced that Services segment accounts for 50 percent revenue generation of the Global Big Data Market in the Retail sector . The findings are for the forecast period 2014-2018. The Services segment, which includes big data support, education, training, and professional services has been faring well over the years and attracts the largest revenue generation than other key segments like Hardware, Software.

Several organizations are investing in big data consulting services, which helps them analyze, monitor and predict business performance. These analytics services also offer better analysis, planning capabilities, and enable comprehensive and integrated management of related business data, which aids in the overall growth of this market.

“The Global Big Data market in the Retail sector is highly fragmented because of the presence of many small and large big data vendors. With the increased competition, the Global Big Data market has been witnessing consolidation, where smaller entities are being acquired by or merged with major players in order to expand the latter's customer base and product offerings. The leading vendors in the Global Big Data market in the Retail sector are IBM Corp., Hewlett-Packard Co., Teradata Corp., and Oracle Corp.”

To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. For further details please visit http://www.reportstack.com/product/148257/global-big-data-market-in-the-retail-sector-2014-2018.html.