A recently collated report titled “Global Big Data in the Financial Services Market” from the Ricerca Alfa, a leading market research firm estimated that the overall big data in the Financial Services market hold a market size of approximately US$ 9 billion for the year 2018 globally. The report provides the comprehensive assessment of the complete big data in the Financial Services market by providing key information that includes key factors boosting the market growth such as including rising awareness of the big data, rising technological trend related to the big data in the BFSI or financial services sector, increasing investment by the major industry players, and enhanced maturity of the big data platforms among others. Further, it also provides the information on the key factors that can hinder the overall market growth along with the potential growth areas, and future market opportunities. The report also delivers the detailed information on overall big data analytics including pros of the big data analytics, various analytics approaches (such as NoSQL, Hadoop, MPAD, In-Memory Processing, and many more), various big data analytics characterization (on the basis of volume, value, variety, and velocity among others), and different types of analytics among others.
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The report presents large number of used cases for the big data analytics in the Financial Services vertical. These used cases are based upon many factors including fraud detection and prevention, claims management and processing, risk control and awareness, target marketing, and policy pricing, governance, and complete management among others. Along with these used cases, the research report also offers the information on the other Financial Services used cases implemented by many companies such as Accenture, ARM, Amazon Web Services, Tata Consultancy Services, Boston Consulting Group, BMC Software, Capgemini, Cisco Systems, Adobe Systems, Adaptive Insights, DXC Technology, Facebook, Fujitsu, Ericsson, and many more. The report also provides the information about the key application areas such as health insurance, multi-line insurance, auto insurance, reinsurance, property insurance, and insurance broking among others. a complete information about the big data in Financial Services value chain is also provided in the study that includes the hardware providers, software providers, network infrastructure providers, analytics platforms providers, and many others solutions, services, and technology providers.
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Vital information about the regulatory and standardization initiatives of the big data in Financial Services is provided in this research study. Many organizing bodies considered are Data Mining Group, Cloud Security Alliance, Management of Hadoop, Apache Software Foundation, Big Data Working Group, and many more. Key market segmentation considered for the big data n Financial Services research report are hardware, software, and professional services. Information on the market sizing, industry forecasting is provided for each of these segments. Key regions considered in this research report are Asia Pacific, Eastern and Western Europe, Latin America, Central America, North America, and Middle East & Africa. Key countries considered under this research study are The U.S., Brazil, Canada, Qatar, UAE, South Korea, China, India, Japan, Australia, Russia, Poland, Denmark, Germany, France, UK, The Netherlands, and many others.
Ricerca Alfa is a leading market research firm and one stop solution to get the market research reports, in-depth market analysis, and forecasting around the globe. The company have a comprehensive portfolio of research studies from all the domains including medical devices, consumer, IT & telecommunications, chemicals, aerospace & defense, technology & media, consumer goods, and semiconductor among others. We can also customized the report according to the requirement of our client. Our company has partnered with leading publishers and analysts around the world that gives in-depth study of the current market dynamics with a comprehensive focus on the global as well as regional trend.
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