Big Data Analytics Market Would Increase About 40% Between 2014 and 2020, Finds TeleResearch Labs

Potomac, MD, March 26, 2015 --(PR.com)-- TeleResearch Labs, a Maryland-based telecoms research company, foresees the worldwide expenditure on big data analytics/ hardware/ software touching US$125 billion in 2015. Big data projects would revolve around video/ audio/ imaging analytics. Data-as-a-Service (DaaS) solutions by IT vendors would gain traction.

Telcos have a huge opportunity in terms of big data analytics solutions in several vertical markets. Sectors such as retail, healthcare, utilities, media, financial services, security etc. are a few markets to which mobile operators could sell data under a DaaS business model.

In this, enterprise customers also present a prime business opportunity to telcos. The big data analytics market is projected to increase by about 40% between 2014 and 2020.

Despite the applicability of big data analytics in almost all mobile vertical markets, telcos operating in such spheres often do not know how to use it and its various advantages. And so, many realise the need for big data's role in their operations but are not clear on what's actually required and in what manner to capitalise on big data opportunities.

This necessitates that big data solution providers proactively think about what telcos actually require in their spheres of operations, and offer tailored solutions, enabling all-round mutual profitability for all associated telecoms players in the vertical market ecosystems.

For more matter and guidelines on how industry players can leverage effective partnerships in the realms of mobile vertical and horizontal markets for 2015 – 2018, visit: http://www.teleresearchlabs.com/view_document/73-vertical-a-horizontal-worlds-of-mobile

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