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.
Market Driver:
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.
Market Restraint:
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.
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.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Application, End Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
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
Hadoop Big Data Analytics Market, by End Use Industry
Hadoop Big Data Analytics Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE HADOOP BIG DATA ANALYTICS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY