Hadoop Big Data Analytics Market Overview
Hadoop Big Data Analytics Market will touch USD 80.22 Billion at a whopping 27.41% CAGR between 2020- 2030, reveals the current Market Research Future’s (MRFR) hadoop big data analytics market forecast report.
The increasing focus on digital transformation is one of the major growth driving factors for the Hadoop Big Data Analytics Market over the analysis period. Moreover, the convergence of big data and IoT is projected to drive global market growth.
However, the scarcity of skilled professionals in Hadoop Big Data Analytics might hinder the market growth in the research period. Apart from this, the deficiency in safety might bring major challenges to the market.
Hadoop Big Data Analytics Market COVID-19 Analysis
The COVID-19 outbreak has cast its shadow in different industries, which also includes the hadoop big data analytics industry. This is chiefly on account of government imposed lockdowns, which had a direct impact on public and government sectors, retail and e-Commerce, and global manufacturing. It has also influenced logistics and supply chains due to halt in operations in different verticals.
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Hadoop Big Data Analytics Market Key Players
Prominent players profiled in the global hadoop big data analytics market report include -
- Amazon Web Services (U.S.)
- IBM Corporation (U.S.)
- Datameer Inc. (U.S.)
- Pentaho Corporation (U.S.)
- Teradata Corporation (U.S.)
- Cloudera Inc. (U.S.)
- Microsoft Corporation (U.S.)
- Karmasphere Inc. (U.S.)
- Tableau Software Inc. (U.S.)
- MapR Technologies (U.S.)
Hadoop Big Data Analytics Market Segmentation
By Component
- Software
- Services
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By Application
- Risk and Fraud Analytics
- Internet of Things (IoT)
- Customer Analytics
- Security Intelligence
- Distributed Coordination Service
- Merchandising and Supply Chain Analytics
By End-User
- BFSI
- IT and Telecommunication
- Government and Defense
- Manufacturing
- Transportation and Logistics
- Healthcare
- Others
Hadoop Big Data Analytics Market Regional Analysis
Regionally, the Hadoop Big Data Analytics Market is sub-divided into various parts such as North America, Europe, Latin America, Asia Pacific, and the rest of the World.
The North American region is overwhelming the market during the review period due to the presence of leading IT companies and robust IT infrastructure, the rapid expansion of business insights, and a massive foothold of big data analytics providers in the region. In addition, the integration in top-tier organizations and the easy adoption of emerging technologies are fueling North American regional growth.
Furthermore, the Asia Pacific region is registered to show notable growth throughout the review period due to the increasing concern about data integrity, increasing volume of data, rapid urbanization and industrialization, increasing investments by tech companies in China and Japan, and initiatives to develop smart cities by government. In addition, the advances in big data technologies and AI and rising government regulations are boosting up the Asian Pacific market growth.
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