Global Hadoop Big Data Analytics Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

The global hadoop big data analytics market size was valued at USD 12.9 billion in 2020 and is expected to reach USD 607.8 billion by 2030, growing at a CAGR of 47.0% during the forecast period. Hadoop is an open source, Java based framework used for storing and processing of big data. The massive amount of data is produced every day by businesses and users. Big data analytics uses advanced analytic techniques for examining these large data sets containing structured, semi-structured and unstructured data from different sources to underline insights and patterns. Hadoop is a highly scalable storage platform which also also offers a cost effective storage solution for businesses' exploding data sets. Moreover, hadoop enables businesses to easily access new data sources and tap into different types of data with fault tolerance. Data can be in different sizes from terabytes to zettabytes. Hadoop big data analytics helps organizations harness their data and use it to identify new opportunities for smarter business moves, more efficient operations and higher profits. In addition, with latest hadoop big data analytics tools like Apache Storm, Cassandra, MongoDB, analysis of data becomes easier and quicker. This, in turn, leads to faster decision making which saves more time and energy. Use of machine learning (ML) and artificial intelligence (AI) in data-driven organizations are accelerating trends. In addition, use of hybrid deployments such as hybrid and multi-cloud methodology to the forefront of data ecosystem strategies is emerging as a trend which can be seen as an opportunity by market players.
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Market Dynamics and Factors:
Increasing volume of big data is the key driver for the growth of hadoop big data analytics market. IBM stated that, people are already generating 2.5 quintillion bytes of data each day Worldwide. Moreover, according to Forbes, over 150 trillion gigabytes (150 zettabytes) will need analysis by 2020. Additionally, latest trends in analytics such as augmented analytics, in-memory computing and data analysis automation are bringing enormous opportunities for the hadoop big data analytics market growth in the coming years. Moreover, demand of cost effective hadoop big data and fast solution is growing across the globe which is fueling the market growth. Merging Artificial Intelligence (AI) and Machine Learning (ML) techniques to big data analytics has produced more ways of creating, developing, sharing and utilizing analytics. However, shortage of skilled professionals is restricting the growth of the hadoop big data analytics market. Furthermore, lack of awareness and security concerns are the major factors that challenge the market growth in the upcoming years.
Market Segmentation:
Global Hadoop Big Data Analytics Market – By Deployment Model
Cloud Based
On-premises
Hybrid
Global Hadoop Big Data Analytics Market – By Service
Professional
Managed
Global Hadoop Big Data Analytics Market – By Application
Risk & Fraud Analytics
Internet of Things (IoT)
Customer Analytics
Offloading Mainframe
Security Intelligence
Global Hadoop Big Data Analytics Market – By End-Users
Banking
Financial services and Insurance (BFSI)
Government & Defense
Healthcare & Life Sciences
Retail & Consumer Goods
Media & Entertainment
Energy & Utility
Transportation & SCM
IT & Telecommunication
Others
Global Hadoop Big Data Analytics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America and Europe dominates the global hadoop big data analytics market. North America will continue its domination during the forecast period. From North America, U.S. has strong foothold of Big Data analytics vendors such as Microsoft Corporation, IBM Corporation, Intel Corporation which is fueling the growth of hadoop big data analytics market. Furthermore, surge in adoption of advanced analytics in various organizations and rising need to create meaningful insights form large datasets drive the growth of the hadoop big data analytics market in Europe. Asia Pacific is projected to growth with the rapid CAGR over the forecast period owing to rapid industrialization and urbanization. Moreover, government initiatives in India such as Digital India, Make in India and Aatm Nirbhar Bharat are expected to boost the hadoop big data analytics market growth in the region. The expanding startup community due to these initiatives and increasing technology adoption by Small and Medium-sized Enterprises (SMEs) is fuelling the healthy demand for managed data centre, analytics, hosted infrastructure and hosted application services which is aiding the market growth in this region.
Competitive Scenario:
The major key players in the hadoop big data analytics market include Intel Corporation, Microsoft Corporation, IBM Corporation, SAP SE, Teradata Corporation, SAS Institute Inc., MongoDB, Inc., Amazon Web Services, Cloudera, Inc. and Tableau Software, Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Hadoop Big Data Analytics industry, although key threats, opportunities and disruptive technologies that could shape the Global Hadoop Big Data Analytics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Hadoop Big Data Analytics Market most.
The data analysis present in the Global Hadoop Big Data Analytics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Hadoop Big Data Analytics Market business.
The 2021 Annual Global Hadoop Big Data Analytics Market offers:
100+ charts exploring and analysing the Global Hadoop Big Data Analytics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Hadoop Big Data Analytics Market type
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