According to the latest report by IMARC Group, titled “Hadoop Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global hadoop big data analytics market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global hadoop big data analytics market reached a value of US$ 14.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.26 Billion by 2027, exhibiting a CAGR of 16.10% during 2022-2027.
Hadoop refers to an efficient open-source big data analytics platform that uses a cluster of commodity hardware to store and process a substantial amount of structured and unstructured data quickly and effectively. It is flexible, cost-effective, and scalable as it allows more compute nodes to be added to the cluster if further processing is required. It duplicates every stored file three times to ensure reliability, availability, and fault tolerance. As a result, Hadoop big data analytics finds extensive applications across the manufacturing, telecommunications, retail, healthcare, and banking, financial services and insurance (BFSI) industries.
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Hadoop Big Data Analytics Market Trends and Drivers:
The global Hadoop big data analytics market is primarily driven by the rapid growth in the information and technology (IT) industry. Moreover, there has been surging adoption of Hadoop as it relies on a Hadoop distributed file system (HDFS) that stores a vast volume of data and offers easier access.
In line with this, the rising reliance of numerous businesses on Hadoop big data analytics owing to its efficient and rapid data storage is positively influencing the market growth. Besides this, the escalating demand for Hadoop due to the increasing difficulty in processing large volumes of data using conventional database systems, such as relational database management systems (RDBMS), has catalyzed market growth.
In addition, the increasing volumes of unstructured data are contributing to market growth. Other factors, including the growing digitalization in businesses across different industry verticals, technological advancements, and the advent of the internet of things (IoT) and Industry 4.0, are also anticipated to drive the market further.
Global Hadoop Big Data Analytics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Hadoop Big Data Analytics Companies:
Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Fair Isaac Corporation, Google LLC, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., SAS Institute Inc., Splunk Inc. and TIBCO Software Inc.
The report has segmented the market on the basis of region, component, deployment mode, business function, organization size and end user.
Breakup by Component:
- Solutions
- Data Discovery and Visualization (DDV)
- Advanced Analytics (AA)
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Business Function:
- Marketing and Sales
- Operations
- Finance
- Human Resources
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End User:
- BFSI
- Retail
- IT and Telecom
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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