Global Hadoop Big Data Analytics Market Advancing at a CAGR of 36.37%

  • Hadoop technology provides cost effective and quick solutions for data analysis
  • Global Hadoop Big Data Analytics is expected to grow from $7.3 Billion in 2018 to $52 Billion by 2023, at a CAGR of 36.37% by the end of the forecast period.
  • The North American region is dominating the Global Hadoop Big Data Analytics Market due to factors such as increased internet penetration and technological advancements.

Hadoop is an open source software framework utilized for storing data and running applications in a group of commodity hardware. This software provides a massive storage for all kind of data, with enormous processing power and also have an ability to handle limitless concurrent tasks virtually.

Hadoop also refers to a distributed processing technology widely being used for Big Data Analytics. The market of Hadoop is growing rapidly as a Hadoop technology and also provides the cost effective and quick solutions as compared to the traditional tools used for data analysis that includes relational database management system (RDMS).

Hadoop refers to a distributed processing technology widely being used for Big Data Analytics.

The study shows that Hadoop Big Data is widely being accepted by numerous sectors that include BFSI, automotive, IT/ITES, Telecommunication and among others. BFSI sectors is expected to exhibits the largest market share, followed by the telecommunication, IT/ ITES and among others. The growing volume of structured and unstructured data and increasing demand of Big Data analytics are some of the major factors for the growth of the Global Hadoop Big Data Analytics Market. The advancement in technology has led the requirement storage capacity and has resulted into the growth of the Hadoop Big Data market.

Based on the vertical segment, the logistics and transportation are expected to grow with the highest CAGR during the end of the forecast period. This growth is due to the implementation of intelligent transportation systems and raising demand of integrated supply chain management systems. Global Hadoop Big Data Analytics is expected to grow from $7.3 Billion in 2018 to $52 Billion by 2023, at a CAGR of 36.37% by the end of the forecast period.

Key Players

The prominent players in the Global Global Hadoop Big Data Analytics Market are – Teradata Corporation (U.S.), Cloudera, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Tableau Software, Inc. (U.S.), Pentaho Corporation (U.S.), Amazon Web Services (U.S.), Datameer, Inc.(U.S.), Karmasphere, Inc.(U.S.), MapR Technologies (U.S.) and among others.

Hadoop is an open source software framework utilized for storing data and running applications in a group of commodity hardware

Market Segments

Global Global Hadoop Big Data Analytics Market is segmented on the basis of solution, services, application, and vertical. Global Global Hadoop Big Data Analytics Market by Solution: Managed Software, Application Software, Performance Management Software and Others.

Global Global Hadoop Big Data Analytics Market by Service: Consulting and Development Service, Managed Services, Others. Global Global Hadoop Big Data Analytics Market by Application: Customer Analytics, Risk & Fraud Analytics, Security Intelligence, Operational Intelligence and Others.

Global Global Hadoop Big Data Analytics Market by Vertical: BFSI, Government & Defense, IT & Telecommunication, Manufacturing, Transportation & SCM, and Others.

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Regional Analysis:

The regional analysis of Global Global Hadoop Big Data Analytics Market is being studied for regions such as Asia pacific, North America, Europe and Rest of the World. The study indicates the North American region is dominating the Global Hadoop Big Data Analytics Market due to factors such as increased internet penetration and technological advancements. The study also indicates that cloud deployment and raising demand of real time data is a driving factor for Asia-Pacific region to grow significantly in the Global Hadoop Big Data Analytics Market by the forecast period. Apart from it the rising adoption of IT services and Big Data analysis is also driving the smart thermostat market.

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