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Cognitive Computing Authors: Yeshim Deniz, Liz McMillan, Elizabeth White, Jason Bloomberg, Carmen Gonzalez

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Research and Markets: The Global Big Data-As-A-Service Market to Grow At A CAGR Of 68.93 Percent over the Period 2012-2016

Research and Markets (http://www.researchandmarkets.com/research/rrjrpq/global_big) has announced the addition of the "Global Big Data-as-a-service Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the demand for cost-effective big data solutions. The Global Big Data-as-a-Service market has also been witnessing the emergence of healthcare data-as-a-service. However, the data security and data privacy issues could pose a challenge to the growth of this market.

The key vendors dominating this market space are EMC Corp., Microsoft Corp., IBM Corp., and Google Inc.

The other vendors mentioned in the report are Oracle Corp., Hewlett-Packard Co., SAP AG, Tresata Inc., 1010data Inc., ClickFox Inc., Amazon Web Services, Infochimps Inc., and LexisNexis Inc.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''With the technological advancements in the field of healthcare, the required space for patient data storage is increasing exponentially. The ever-increasing thirst of medical professionals to increase human life expectancy has increased the number of records of clinical trials maintained by hospitals. Healthcare providers have increased the medical records and samples of patients. Many healthcare organizations have realized recently that they are running out of space to store their assets. Therefore, the Healthcare sector is witnessing the emergence of healthcare data-as-a-service. Cloud computing enables healthcare providers as well as patients to access medical information at any time and from any location. However, many such organizations are still analyzing the feasibility and relevance of such cloud computing solutions in their IT operations.''

According to the report, one of the major drivers is the demand for cost-effective big data solutions. In the presence of large amounts of data, enterprises need big data-as-a-service (BDaaS) solutions to automatically track the performance and behavior of information in their IT systems. In addition, they require data analytics to develop innovative business strategies and improve overall operational efficiency.

For more information visit http://www.researchandmarkets.com/research/rrjrpq/global_big

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