Hadoop Big Data Analytics Market has been valued at US $ 38.5 Billion till 2022

“Hadoop Big Data Analytics Market”
Hadoop Big Data Analytics Market, 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 2022

Market Overview:

Hadoop is an open source framework software solution constructed in order to store large amount of organized and unorganized data of a business organization or an industry. This open source data storage application facilitate to compile and run the applications at a real time and transfer the loads of data in a running applications. The conventional software framework lacks in managing huge distributed and structured data through the conventional form of hardware peripherals. Unlike traditional software, the advanced framework are consists of specific tools such as Hive, Map reduce and Pig and many more that enables to the application developers the feasibility to run the program conveniently. Due to these factors, the hadoop software framework is gaining popularity in different industrial verticals such as BFSI, healthcare, government & defences, and many more. On the flip side, since huge amount of data being the processing speed for the data transfer is quite low and inefficiency to store the small files are major drawbacks which is presumed to hinder the growth of the hadoop big data market over the forecast period.

The study shows that the Hadoop Big Data is widely being accepted by the numerous sectors that includes 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 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.

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The prominent players in the 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.

Global Hadoop Big Data Analytics Market has been valued at US $ 38.5 Billion by the end of forecast period with ~26.5% of CAGR during forecast period 2016 to 2022.

Industry News

January 2018, TimeXtender, a leading BI and analytics service provider, has aligned with Tableau Software, as a certified technology partner, to facilitate the services and enhance their business decision. Tableau software has selected a TimeXtender as a new partner as its Discovery Hub to work together and provide customers to make business decisions in a structured manner.

January 2018, Quest Software, a global systems management and security software provider to update their software family including Toad Edge v1.2, Toad Data Point v4.3 and Toad Intelligence Central v4.3. This newly addition is anticipated to enhance the management of next-generation open source database platforms, to make convenience and feasibility to MySQL and Maria DB application implemented on Microsoft Azure.

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Hadoop Big Data Analytics Global Market   – Segmentation

Segmentation by Solution:  Performance Management Software, Application Software, Packaged Software, and Others.

Segmentation by Service: Training & Support Services, Consulting & Development Services, Managed Services,and others.

Segmentation by Application: Customer Analytics, Risk & Fraud Analytics, Security Intelligence, Internet of Things (IoT), Offloading Mainframe Application, Operational Intelligence, Distributed Coordination Service, Linguistic Analytics, and Others.

Segmentation by End User: BFSI, Government & Defense, IT & Telecommunication, Manufacturing, Transportation & SCM, Healthcare & Life Sciences, Academia & Research, Media & Entertainment, and others.

Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.

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