Hadoop Big Data Analytics Market Scope
The Hadoop big data analytics market 2022 can possibly achieve a striking CAGR of 36.37% between 2018 and 2023 (review period), confirms Market Research Future (MRFR). The Hadoop Big Data Analytics Industry can stand at a valuation of over USD 52 Billion by 2023-end, reveals MRFR.
The Hadoop big data analytics industry report is a mixture of primary research, secondary research and assessments by expert panels. Secondary research includes industry-related documents as well as press releases, annual reports and research reports.
Hadoop Big Data Analytics Market Key Players
- 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.)
Primary Drivers and Main Barriers
MRFR anticipates a brisk growth of the hadoop big data analytics market 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 market in the following years.
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The investments being made by market participants in next generation solutions has increased tremendously over the years, which are also anticipated to induce industry growth. Companies are increasingly churning out highly advanced integrated solutions with superior features to expand their customer base in the market. End-users are doing everything in their capacity to bring down the hardware costs, which not only strengthens their market position but also boosts the demand for Hadoop big data analytics.
The emerging trend of visualization-backed data discovery tools is being continuously explored by organizations to reap more benefits from Big Data. This trend is also picking up speed in the market on the back of increasing availability of mobile devices. Organizations largely dependent on centralized development of reports usually conducted by highly skilled experts are now opting for the quicker and more cost-effective business intelligence model that leverages the dynamic combination of mobile workforce and Big Data.
Hadoop Big Data Analytics Market Segmentation
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.
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By Component
- Software
- Services
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
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By Region
- North America
- Europe
- The Asia Pacific (APAC)
- Rest of the World (RoW)
Reasons for Buying This Report:
- It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
- It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
- It Helps in Understanding the Key Product Segments and Their Future.
- It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
- It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
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