Big Data Global Market Analysis & Forecasts

BIG DATA :

Big Data can be defined as a collection of massive data that includes both structured and unstructured data.Big data is so large that it is difficult to handle this data with traditional data handling techniques.The term Big Data is also used in reference with the technology that handles large amount of data & storage facilities.

As per Wikipedia- Big data is the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications.

Major Forces Driving The Big Data Market: 

The major forces responsible for the growth of big data market includes :

• Growing need among the enterprises to upgrade the business processes
• Rapid growth in unstructured data
• Demand for providing advanced and predictive analytics
• To gain the competitive advantage in this growing market 

Market Forecasts For Big Data Market :

The Global big data market is estimated to be $14.87 billion in 2013 and expected to grow to $46.34 billion. This represents an estimated Compounded Annual Growth Rate (CAGR) of 25.52% from 2013 to 2018. In the current scenario, the services segment continues to be the largest segment, in terms of consulting and integration & deployment services. The software segment is expected to grow at an estimated Compounded Annual Growth Rate (CAGR) of 28.7%. In terms of Regions, North America is expected to be the biggest market on the basis of revenue and adoption of big data technology & solutions. MarketsandMarkets further expects that the increasing big data market in the developing economies will further enhance the growth of overall market.

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Traffic Management Systems Market & Forecasts

Traffic Management System:

The ever-increasing number of vehicles and the limitations in altering transportation infrastructure in most metropolitan cities around the world, have led to higher traffic congestion and an increase in travel time.

The need of the hour is to implement intelligent, integrated and effective means of managing traffic flow. Devices built on embedded technology can aid in the development of smarter, integrated, efficient and inter-connected devices that can pave way to the development of a Smarter Traffic Management System.

Traffic management is all about smartening the smart roads, highway, and bridges. This entails providing comprehensive real-time, data-driven capability for designing and implementing policies and operational strategies for traffic, public transport, and urban planning.

Difference between traditional traffic management system & Present Technologies in Traffic Management :

The traditional traffic management solutions just reduced time and money wastage due to congestion while present technologies in Traffic Management System (TMS) allow the users to plan their journeys in advance, finding the shortest route in real-time situation provides help on demand during the journey and reduces the carbon footprint; thus making commuting a hassle-free and enjoyable experience.

Market Forecast Of Traffic Management System:

The report on Traffic Management provides the competitive landscape of the traffic management market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the traffic management market includes new technology, customized solution and acquiring relatively small domain expert players. 

Some of the major players in this market are Accenture, Affiliated Computer Services Inc, Alstom SA, Cisco Systems Inc, GE Transportation, IBM, LG CNS, Schneider Electric, Siemens, and Thales.

The study reports that the traffic management market is expected to grow from $ 2.58 billion in 2013 to $12.6 billion by 2018, at an estimated (Compound Annual Growth Rate) CAGR of 37.5% from 2013 to 2018.

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Research & Forecasts On Smart City Market

 

What Is Smart City ?

A city can be defined as ‘smart’ when investments in human and social capital and traditional (transport) and modern (ICT) communication infrastructure fuel sustainable economic development and a high quality of life, with a wise management of natural resources, through participatory action and engagement. source- wikipedia

Smart cities are identified on the basis of some dimensions. These dimensions includes natural resources,quality of life,human and social capital, transport and ICT economics,participation of citizens in the governance of cities.

Smart cities have some characteristics which includes the following:

Characteristics Of Smart Cities :  

According to the Wikipedia the smart cities should have the following characteristics.

• A stage reached in the development of infrastructure
• A strategy for creating a competitive environment
• An approach to inclusive and sustainable cities

 

 Market Overview Of Smart Cities :

Because of urbanization more people now live in cities than in rural areas. As the population of the world is growing on a continuous basis day by day the urban population is also growing at a faster rate.So, to improve the efficiency of urban systems, Smart information & communication technologies will be at the forefront.Globally, there are some 700 cities, each with population exceeding 500,000 and are growing faster than the average growth rate of cities. This opens up the market for industry players to grow their business in new and emerging smart cities. The infrastructure investment for these cities is forecasted to be $30 trillion to $40 trillion, cumulatively, over the next 20 years.

The overall smart cities market, valued at $526.3 billion in 2011, is forecasted to grow double fold to $1,023.4 billion by 2016, at a CAGR of 14.2% for the period 2011 to 2016. Among all application segments, we observe smart energy or energy management market to be the fastest growing market with an impressive CAGR of 28.7%, growing to $80.7 billion by 2016.

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Platform as a service (Cloud Computing Services) Market Forecasts

Cloud Computing :

Cloud computing simply means sharing computing resources over the network. Cloud computing means the ability to run an application over many connected computers at the same time. In cloud computing, the word cloud (also phrased as "the cloud") is used as a metaphor for "the Internet," so the phrase cloud computing means "a type of Internet-based computing," where different services -- such as servers, storage and applications -- are delivered to an organization's computers and devices through the Internet.

Platform As A Service :

Platform as a Service (PaaS) is a process by which a user can rent a hardware, an operating systems, a storage or a network capacity over the Internet.The service delivery model allows the customer to rent virtualized servers and associated services for running existing applications or developing and testing new ones.

some of the features that can be included with a PaaS offering are as under :

• Operating system
• Server-side scripting environment
• Database management system
• Server Software
• Support
• Storage
• Network access
• Tools for design and development
• Hosting

Market Overview Of Platform As A Service :

The global market for PaaS is expected to experience high growth in the near future as companies look to cut the infrastructure costs and speed up the application development.Though PaaS market is not as huge as IaaS and SaaS which are the other two types in cloud computing, the proportion of this market is very significant. This trend has been adopted by most of the traditional cloud computing and IT solution providers in the market like Amazon, Google, IBM etc.

The global PaaS market is estimated to grow from $1.28 billion in 2013 to $6.94 billion in 2018 at a compound annual growth rate (CAGR) of 32.54% in this period. In terms of geographies, North America continues to be the biggest market for PaaS solutions. 

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Bring Your Own Device Market

Bring Your Own Device :

Bring Your Own Device simply means allowing employees or students to bring personally owned mobile devices (laptops, tablets, and smart phones) to their workplace and to use those devices to access company information and application.

BYOD is making significant inroads in the business world, with about 75% of employees in high growth markets such as Brazil and Russia and 44% in developed markets already using their own technology at work.Some companies believe that allowing employees to use their own devices can increase the productivity also many companies believe it helps in increasing employees morale and convenience by using their own devices and makes the company look like a flexible and attractive employer.

History Of BYOD :

 BYOD first entered in 2009,courtesy of Intel when it recognized an increasing tendency among its employees to bring their own devices to work and connect them to the corporate network.However, it took until early 2011 before the term achieved any real prominence when IT services provider Unisys and software vendors VMware and Citrix Systems started to share their perceptions of this emergent trend. BYOD has been characterized as a feature of the "consumer enterprise" in which enterprises blend with consumers.

In 2012, the U.S.A Equal Employment Opportunity Commission adopted a BYOD policy, but many employees continued to use their government-issued BlackBerrys because of concerns about billing, and the lack of alternative devices.

Market For BYOD : 

Global Bring Your Own Device Market is expected to grow from $67.21 billion in 2011 to $181.39 billion by 2017, at an estimated CAGR of 15.17% from 2012 to 2017.

North America has the largest share; i.e., 36.10% of the overall managed BYOD & Enterprise Mobility Market in 2011 at $24.26 billion; and is expected to reach $58.60 billion by 2017, at a CAGR of 12.9% from 2012 to 2017.

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Intelligent Video Analytics (IVA)

Intelligent Video Analytics :

 Intelligent Video Analytics provides an advanced solution that performs intelligent video analysis and fully automates video monitoring. It automatically tracks and identifies objects, analyzes motion and extracts video intelligence from analog, digital, or IP video streams. These analytics can output real-time events and object data for video data mining or storage in a database.

Intelligent Video Analytics is focused on automating video analysis and security alerts, thus eliminating the need for manual work and the huge monitoring costs. It also increases productivity and efficiency of video surveillance systems and the people who monitor them. Source- intelli-vision

Market Forecast For IVA :

The Intelligent Video Analytics (IVA) is expected to grow from $180.0 million in 2011 to $867.8 million by 2017, at an estimated CAGR of 30.4% from 2012 to 2017. Companies such as Agent Vi (U.S.), Robert Bosch (Germany), Honeywell Video (U.S.), ObjectVideo (U.S.), Intellivision (U.S.), GE Security (U.S.), Axis Communication (Sweden), VideoIQ (U.S.), Synesis (Russia) are key market players. 

The rapid market growth is driven by the following dynamics:

• Increased use of video surveillance.
• Migration from analog to digital and IP-based cameras.
• Technology maturity:
• Cost reduction of video analytic systems: 
• Improved cost-performance of new edge-based video analytics DSP technologies
• Human operators entail high cost & high rate of overlooked events.   

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