According to new market research report on"Hadoop
Big Data Analytics Market by Component (Solution, Service),
Application (Risk & Fraud Analytics, IoT, Merchandizing & SCM, Customer
Analytics, Offloading Mainframe, Security Intelligence), Vertical, and Region -
Global Forecast to 2021", The Hadoop big data analytics
market is projected to grow from USD 6.71 Billion in 2016 to USD 40.69 Billion
by 2021, at a CAGR of 43.4% between 2016 and 2021.
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in-depth TOC on “Hadoop Big Data Analytics Market”
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- Tables
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“Hadoop
Big Data Analytics Market by Component (Solution, Service), Application (Risk
& Fraud Analytics, IoT, Merchandizing & SCM, Customer Analytics,
Offloading Mainframe, Security Intelligence), Vertical, and Region - Global
Forecast to 2021"
The market is primarily driven by increasing demand
for deployment of Hadoop big data analytics solutions for analyzing
exponentially growing structured and unstructured data to obtain actionable
insights from it. Moreover, the increased need for conversion of information
gathered by big data and Internet of Things (IoT) for decision-making by
organizations has fueled the demand for Hadoop big data analytics solutions,
thereby leading towards the growth of the Hadoop big data analytics market
during the forecast period.
“Among components, the solution segment is projected
to lead the Hadoop big data analytics market during the forecast
period.”
Based on component,
the Hadoop big data analytics market has been segmented into solution and
service. The solution segment is projected to lead the Hadoop big data
analytics market between 2016 and 2021. Increasing demand for cost-effective
and highly scalable solutions provided by Hadoop to handle extremely large data
sets on distributed computing environment is fueling the growth of the solution
segment of the Hadoop big data analytics market. The performance monitoring
software solution subsegment of the component segment of the Hadoop big data
analytics market is projected to grow at the highest CAGR during the forecast
period due to increasing demand for data management on distributed computing
platforms.
“The security intelligence application segment of
the Hadoop big data analytics market is projected to grow at the highest CAGR
during the forecast period, 2016 to 2021.”
The security
intelligence application segment of the Hadoop big data analytics market is
projected to grow at the highest CAGR during the forecast period due to growing
need for enhanced visibility and protection of data through advanced analytics.
“Based on vertical, the BFSI segment is projected to
lead the Hadoop big data analytics market during the forecast
period.”
Based on vertical,
the BFSI segment is projected to lead the Hadoop big data analytics market
during the forecast period due to early adoption of Hadoop big data analytics
solutions and services by varied organizations to acquire improved
understanding of the requirements of their customers and update their services
and solutions accordingly to cater these requirements.
“The North American region is projected to lead the
Hadoop big data analytics market during the forecast period.”
The Hadoop big data
analytics market has been studied for North America, Asia-Pacific (APAC), Europe,
the Middle East & Africa (MEA), and Latin America. The North American
region is projected to lead the Hadoop big data analytics market between 2016
and 2021. In the North American region, amount of data generated by various
organizations is increasing tremendously on daily basis. This growth of data
has led to increased adoption of Hadoop big data analytics solutions in the
BFSI and retail & consumer goods verticals of the North American region,
thereby fueling the growth of the Hadoop big data analytics market in the
region.
Microsoft
Corporation (U.S.), Amazon Web Services (U.S.), IBM Corporation (U.S.),
Teradata Corporation (U.S.), Tableau Software, Inc. (U.S.), Cloudera Inc.
(U.S.), Pentaho Corporation (USA), Marklogic Corporation (U.S.), SAP SE (Germany),
and Pivotal Software, Inc. (U.S.) among others are the key players operating in
the Hadoop big data analytics market.
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Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
