The development of open source distributed processing frameworks has positively enhanced the Hadoop big data analytics market. Market reports associated with the information and communications technology industry have been made available by Market Research Future who publishes reports on other sectors that have been presently published along with a report on this industry. The market is predicted to achieve revenues worth USD 38.5 Billion while expanding at a CAGR of 26.5% in the forecast period.
The cost-effective and efficient solutions provided by Hadoop big data analytics is expected to boost the market’s development. The expansion of the market in sectors such as automotive, BFSI, IT/ITES, telecommunication is expected to provide increased chances for the growth of the market, especially in the upcoming forecast period.
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The important contenders in the market are Karmasphere, Inc. (U.S.), Cloudera, Inc. (U.S.), Teradata Corporation (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Pentaho Corporation (U.S.), Tableau Software, Inc. (U.S.), Datameer, Inc. (U.S.), MapR Technologies (U.S.) and among others.
The market for Hadoop big data analytics is segmented on the basis of application, services, solution, and vertical. By solution, the market consists of application software, performance management software, managed software, and others. By service, the market consists of managed services, consulting and development service, and others. By application, the market segment consists of risk & fraud analytics, customer analytics, operational intelligence, security intelligence, and others. On the basis of verticals, the market consists of government & defense, BFSI, manufacturing, IT & telecommunication, transportation & SCM and others.
Detailed Regional Analysis
The regional analysis of the Hadoop Big Data Analytics Market covers regions such as North America, Asia Pacific, Europe and Rest of the World. The study points out that the North America region is leading the market for Hadoop big data analytics due to factors such as augmented internet permeation and technological progress. The study also specifies that cloud deployment and rising demand of real-time data is a motivating factor for the Asia Pacific region to develop considerably in the market during the forecast period. The intensifying adoption of IT services and big data analysis is also compelling the market growth in the forecast period.
The growth patterns are modified in tandem to the customer preferences to achieve maximum growth, and in the long run, profitability. The enhancement in the products and services is the chief factor escalating the market’s productivity and controlling the trends that are acquiring distinction in the market. Besides, the introduction of new products and services will add additional impetus to the market progress. The essential success factors and players’ predilections are consistently growing by the strategies being used by market contenders. The situation for growth plans has stimulated the market for potential new entrants. The gaps in the market are filled due to the execution of rising supply chain strategies. The development of the market is based on the drivers that are radically altering the market backdrop.
Sep 2018 Hortonworks, the company which has developed several tools for big-data Hadoop, has revealed its plans to revamp its software over the next few years in order to make modern cloud-native development practices part of its on-premises tools.
LIST OF TABLES
TABLE 1 BIG DATA ANALYTICS MARKET, BY SOLUTION
TABLE 2 BIG DATA ANALYTICS MARKET, BY SERVICE
TABLE 3 BIG DATA ANALYTICS MARKET, BY APPLICATION
TABLE 4 BIG DATA ANALYTICS MARKET, BY VERTICAL
TABLE 5 BIG DATA ANALYTICS MARKET, BY REGIONS
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LIST OF FIGURES
FIGURE 1 BIG DATA ANALYTICS MARKET: BY SOLUTION (%)
FIGURE 2 BIG DATA ANALYTICS MARKET: BY SERVICE (%)
FIGURE 3 BIG DATA ANALYTICS MARKET: BY APPLICATION (%)
FIGURE 4 BIG DATA ANALYTICS MARKET: BY VERTICAL (%)
FIGURE 5 BIG DATA ANALYTICS MARKET: BY REGION
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