August 21, 2020

Hadoop Big Data Analytics Market: Technological Advancement & Growth Analysis with Forecast to 2027

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 & Restraints

Market Driver:

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.

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Market Restraint:

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.

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List of the leading companies operating in the Hadoop Big Data Analytics Market include:

  • Amazon Web Services Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • IBM Corporation
  • Microsoft
  • Hortonworks
  • Datameer, Inc.
  • Fair Isaac Corporation
  • Cloudera, Inc.
  • Hitachi Vantara Corporation
  • MapR Technologies, Inc.
  • Cisco
  • SAP
  • 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

  • Software
  • Services

Hadoop Big Data Analytics Market, by Application

  • Customer Analytics
  • Security Intelligence
  • Risk & Fraud Analytics
  • Internet of Things (IoT)
  • Supply Chain Analytics
  • Others

Hadoop Big Data Analytics Market, by End Use Industry

  • BFSI
  • IT & Telecommunication
  • Manufacturing
  • Healthcare
  • Government
  • Others

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Hadoop Big Data Analytics Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, 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?

Table of Content

  6. GLOBAL Hadoop Big Data Analytics Market BY COMPONENT, Market Size in USD Million (2019-2027)
  7. GLOBAL Hadoop Big Data Analytics Market BY APPLICATION, Market Size in USD Million (2019-2027)
  8. GLOBAL Hadoop Big Data Analytics Market BY END-USER INDUSTRY, Market Size in USD Million (2019-2027)
  9. GLOBAL Hadoop Big Data Analytics Market BY REGION, Market Size in USD Million (2019-2027)

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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