Hadoop Big Data Analytics market is expected to see a growth rate of 51.84% and may see the market size of USD48.34 Billion by 2024.
Scope of the Study
Hadoop refers to open-source software that stores the data and running applications on a cluster of commodity hardware by processing framework. It is also a distributed processing technology used for big data analysis. (Big data analysis is a technique used to examine big data in order to uncover various hidden patterns, unknown correlations, market trends, customer preferences and other information which helps the organization to take various decisions.) Hadoop allows us to store this kind of data, enormous processing power and has the ability to handle it virtually. It brings flexibility in the processing as it manages the data whether structured or unstructured, encoded or formatted and allows to make the useful decision when required.
The market study is being classified by Type (Cloud-based and On-premises), by Application (IT and ITES, Government Sector, Manufacturing, Retail, Banking, Financial Services and Insurance, Trade, and Transportation and Others) and major geographies with a country-level break-up.
Make an enquiry of this report @ http://bit.ly/2HH4mbs
Market Drivers
- Growing Demand for Big Data Analytics
- The convergence of the Internet of Things (IoT) and Big Data
Market Trend
- Recent Technology Development in Hadoop
- Increasing Number of Partnership and Funding in Hadoop Market
Restraints
- Non- Uniformity of Data
Opportunities
- Driving Business Growth Through Innovations and Advancement in Technology
Challenges
- Security Issues Related to Hadoop Big Data Platforms
- Wide Talent Gap
Market Key-Players:
Amazon Web Services (United States), Cloudera (United States), Hortonworks (United States), MapR Technologies, Inc. (United States), IBM (United States), Microsoft Corporation (United States), Dell Inc. (United States), Teradata Corporation (United States), SAP SE (Germany), Pentaho Corporation (United States), Datameer, Inc. (United States), Pivotal Software, Inc. (United States) and Marklogic Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Karmasphere, Inc. (United States) and Tableau Software, Inc. (United States).
On the basis of Geography:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals give enough cushion to market growth.
Request for the free sample copy before purchase @ http://bit.ly/2HH4mbs
Market Leaders and their expansionary development strategies
In October 2018, Cloudera and Hortonworks, both built a big business by packaging Hadoop for the enterprise announces to merge to create the world’s leading next-generation data platform and deliver industry’s first enterprise data cloud.
Hadoop, an open-source framework allows storing & processing big data in a dispersed environment through clusters of computers with the use of simple programming models. This is intended to scale up from single servers to thousands of machines, each providing local computation as well as storage. According to the research, around 90% of global organizations account for medium to high levels of investment in big data analytics. Furthermore, about two-thirds of respondents report that big data and analytics initial
Many countries, such as the US, UK, and European Union (EU) member countries, have started big data government programs. The UN’s 2012 e-government survey provided high marks to many Asian countries, particularly South Korea, Singapore, and Japan. These countries have launched diverse initiatives on Big Data & started numerous projects. The privacy of data is important for both businesses & governments.
Key Target Audience
Hadoop Big Data Analytics Companies, Technology Service Providers, Value-added Resellers, Government Bodies & Research Organizations, Cloud Service Providers, Association & Industry Bodies, Technology Consultants and Satellite Service Providers