Hadoop Big Data Analytics Industry Leading Players Analysis, Current Trends, Market Challenges, to Witness Comprehensive Growth
Hadoop Big Data Analytics Industry , by Solution (Managed Software, Application Software), by Service (Consulting and Development Service, Managed Services), by Application (Customer Analytics, Risk & Fraud Analytics) and Vertical (BFSI, Manufacturing, Healthcare, IT/ITES, Telecommunication) - Forecast to 2023
Market Summary
Market Research Future (MRFR), in its research report, highlights that the global demand 2020 is projected to rise rapidly over the forecast period, ensuring substantial market valuation of more than USD 52 billion and a healthy 36.37% CAGR over the review period.
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Drivers and Restraints
MRFR anticipates a brisk growth of the hadoop big data Analytics Industry in the near future, thanks to the tsunami of data being generated across various industry verticals, which is only expected to surge further in the coming years. Big data analytics are projected to be used by leading market contenders to facilitate growth, productivity as well as innovation. Careful operational scrutiny by these players to precisely track everyday operations has boosted big data. These efforts are some of the most effective strategies that are used by companies to achieve a better position in the global market. Data experts view this as a significant trend that can lead considerable expansion of the Hadoop big data Analytics Industry in the following years.
Global Hadoop Big D
This trend is also picking up momentum in the market as mobile devices become more available. Organizations largely dependent on centralized report development usually conducted by highly skilled experts are now opting for the more expeditious and cost-effective business intelligence model that leverages the dynamic combination of mobile workforce and big data.
Segmental Analysis
Component, application, and end-user are the primary segments according to which Hadoop Big Data Analytics Industry study was conducted in the MRFR report.
Component, application and end-user are the primary segments depending on which the study of the market has been carried out in the MRFR report.
Component-dependent market segmentation comprises Software as well as Services (which include Managed Services, Training & Support and Consulting & Development,). In the year 2017, the largest share of 71.05% was claimed by the software segment, which is presumed to advance at a pace of 35.69% in the ensuing period.
Regional Evaluation
The regional study of the market for Hadoop big data analytics comprises North America, Europe Asia Pacific or APAC and the Rest of the World or RoW.
Developing countries like India and China in the APAC market are growing rapidly on account of the surge in industrialization as well as urbanization. The government-backed initiatives like smart city concept are emerging quite swiftly in the region, because of which the Hadoop big data Analytics Industry is presumed to perform incredibly in the next few years.
LIST OF TABLES
TABLE 1 BIG DATA ANALYTICS INDUSTRY , BY SOLUTION
TABLE 2 BIG DATA ANALYTICS INDUSTRY , BY SERVICE
TABLE 3 BIG DATA ANALYTICS INDUSTRY , BY APPLICATION
TABLE 4 BIG DATA ANALYTICS INDUSTRY , BY VERTICAL
TABLE 5 BIG DATA ANALYTICS INDUSTRY , BY REGIONS
Continued……
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LIST OF FIGURES
FIGURE 1 BIG DATA ANALYTICS INDUSTRY : BY SOLUTION (%)
FIGURE 2 BIG DATA ANALYTICS INDUSTRY : BY SERVICE (%)
FIGURE 3 BIG DATA ANALYTICS INDUSTRY : BY APPLICATION (%)
FIGURE 4 BIG DATA ANALYTICS INDUSTRY : BY VERTICAL (%)
FIGURE 5 BIG DATA ANALYTICS INDUSTRY : BY REGION
Continued……
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