Global Hadoop Big Data Analytics Market – Industry Trends and Forecast to 2024

Market Analysis: Global Hadoop Big Data Analytics Market

The global hadoop big data analytics market accounted for USD 6.56 billion in 2016 growing at a CAGR of 44.65% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Hadoop Big Data Analytics Market

The hadoop is a complete eco-system of open source projects that provide us the framework to deal with big data. It helps in providing more accurate analysis, which may lead to more concrete decision-making resulting in greater operational efficiencies, cost reductions, and reduced risks for the business. The     growing volume of big data and convergence of IoT among others are fuelling the growth of this market.

Major Market Drivers & Restraints:

Growing Volume of Big Data
Convergence of IoT
Non-Uniformity of Data
Immaturity of Hadoop Platform
Cost Effective And Quick Solutions
Increasing Demand For Big Data Analytics

Market Segmentation: Global Hadoop Big Data Analytics Market

The global hadoop big data analytics market is segmented on the basis of solution into packaged software, management software, application software and performance monitoring software.

On the basis of service, the global hadoop big data analytics market is segmented into consulting & development services, training & support services, admin & managed services.

On the basis of application, the global hadoop big data analytics market is segmented into risk & fraud analytics, internet of things (iot), customer analytics, security intelligence, distributed coordination service, merchandising & supply chain analytics, offloading mainframe application, operational intelligence and linguistic analytics.

On the basis of vertical, the global hadoop big data analytics market is segmented into banking, financial services & insurance (BFSI), government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation & scm, it & telecommunication, academia & research and others.

On the basis of geography, global hadoop big data analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Hadoop Big Data Analytics Market

The report for hadoop big data analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Hadoop Big Data Analytics Market

Some of the major players of the global hadoop big data analytics market are Microsoft, IBM Corporation, SAP SE, Pivotal Software, Inc, Marklogic Corporation, Hitachi Vantara, Cloudera, Inc., TABLEAU SOFTWARE, Hortonworks Inc, MapR Technologies, Inc, Karmasphere, Inc., Amazon Web Services, Inc., Teradata, Trendwise Analytics, Appnovation, O’Reilly Media, Inc. among others.

Research Methodology: Global Hadoop Big Data Analytics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Hadoop Big Data Analytics Market – Industry Trends and Forecast to 2024

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