The global hadoop big data analytics market size 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 is an open-source software framework that is used to run applications and store large datasets, ranging from gigabytes to petabytes of data. It manages structured and unstructured data, giving users more flexibility for collecting, processing, and analyzing numerous datasets. It also provides various benefits, such as fast processing of large datasets, resilience to failure by replicating data over the network, and enhanced ability to scale nodes in the existing cluster. As a result, it is widely adopted by organizations for production and research purposes.
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Hadoop Big Data Analytics Market Trends and Drivers:
The market is primarily driven by the expanding information and technology (IT) industry across the globe. In addition, the efficiency and cost-effectiveness provided by Hadoop over conventional data analysis tools, such as relational database management system (RDBMS), represents another major growth-inducing factor.
Besides this, various businesses worldwide are relying on Hadoop big data analytics as it acts as a storage for big data and facilitates self-service business intelligence (BI), which efficiently integrates the data from different sources, such as videos, logs files, clickstreams, and social media.
This, coupled with the growing digitalization in businesses across different industry verticals, is creating a favorable market outlook across the globe.
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.
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.
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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
o Data Discovery and Visualization (DDV)
o 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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