HADOOP BIG DATA ANALYTICS MARKET: SUMMARY
The Global Hadoop Big Data Analytics Market is projected to reach a value of over USD 193.6 billion by 2027 at a CAGR of around 38.6%.
Hadoop is an open-source software framework for running the applications and storing data on clusters of commodity hardware. It provides massive storage for any kind of data, enormous processing power and the ability to handle virtually limitless concurrent jobs or tasks. Hadoop is important for storing and process huge amount of data with speed, computing speed, and flexibility among others. Hadoop is used in various end use industry such as IT & telecommunication, BFSI, manufacturing, healthcare, government, and many others. Key players in the Hadoop big data analytics are Microsoft, IBM Corporation, TABLEAU SOFTWARE, LLC, and Cloudera, Inc. among others.
HADOOP BIG DATA ANALYTICS MARKET: DRIVERS & RESTRAINT
- Growing Adoption of Internet of Things (IoT)
The Internet of Things is undoubtedly playing a crucial role in organizations across different verticals undergoing significant digital transformation. In current situation the adoption of IoT technology is increases to improve the monitoring, increase customer dialog, improve control on operation process, and design new revenue streams. In addition, Hadoop is a free Java-based programming framework that supports the storage and processing of large datasets in a distributed computing environment. Hadoop provides a powerful platform for analyzing machine & sensor data generated by IoT-connected devices. There is no better alternative for than the Hadoop-IoT pairing in sight for the efficient storage and processing of big data. And hence, increasing adoption of IoT is expected to drive the market during projected years.
- Limited Functionality and Limited Key Industry Experts
Hadoop does not have easy-to-use, full-feature tools for data management, data cleansing, governance and metadata. In current scenario, it can be difficult to find entry-level programmers who have sufficient Java skills to be productive with MapReduce. Hence, distribution providers are continuously focusing on put relational (SQL) technology on top of Hadoop. Moreover, if data breach occurs in big organization, there is no immediate solution can have made to sort the issue and hence it will hamper the growth of the Hadoop big data analytics market during forecast period.
HADOOP BIG DATA ANALYTICS MARKET: KEY SEGMENTS
- Segmentation based on Component: Software and Services
- Segmentation based on Application: Customer Analytics, Security Intelligence, Risk & Fraud Analytics, Internet of Things (IoT), Supply Chain Analytics, and Others
- Segmentation based on End-Use Industry: BFSI, IT & Telecommunication, Manufacturing, Healthcare, Government, and Others
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
HADOOP BIG DATA ANALYTICS MARKET: REPORT SCOPE
The report on the Hadoop big data analytics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million)
Component, Application, End Use Industry, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
KEY COMPANIES COVERED
- Amazon Web Services Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- IBM Corporation
- TABLEAU SOFTWARE, LLC
- Datameer, Inc.
- Fair Isaac Corporation
- Cloudera, Inc.
- Hitachi Vantara Corporation
- MapR Technologies, Inc.
- Google LLC
- New Relic, Inc.
- Splunk Inc.
- Other Key Companies
HADOOP BIG DATA ANALYTICS MARKET: REPORT SEGMENTATION
For the scope of the report, In-depth segmentation is offered by Forencis Research
Hadoop Big Data Analytics Market, by Component
Hadoop Big Data Analytics Market, by Application
- Customer Analytics
- Security Intelligence
- Risk & Fraud Analytics
- Internet of Things (IoT)
- Supply Chain Analytics
Hadoop Big Data Analytics Market, by End Use Industry
- IT & Telecommunication
Hadoop Big Data Analytics Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Hadoop Big Data Analytics Market Providers
- Hadoop Big Data Analytics Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Hadoop Big Data Analytics Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE HADOOP BIG DATA ANALYTICS MARKET STUDY