This report comprehensively segments the Hadoop big data analytics market, and provides closest approximations of revenue numbers for the overall market and its sub segments across different regions.
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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 CAGR of 43.4% between 2016 and 2021.
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The key players in the Hadoop Big Data Analytics Market include – Microsoft Corporation, Amazon Web Services, IBM Corporation, Teradata Corporation, Tableau Software, Inc., Cloudera Inc., Pentaho Corporation,Mark Logic Corporation, SAP SE, Pivotal Software, Inc.
This study provides detailed segmentation of the Hadoop big data analytics market on the basis of component, application, vertical, and region. Based on component, the market has been segmented into solution and service.
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Furthermore, the solution segment has been classified into packaged software, management software, and application software. The service segment has been categorized into admin & managed services, consulting & development services, and training & support services.
Based on application, the market has been segmented into risk & fraud analytics, Internet of Things (IoT), merchandizing & supply chain analytics, customer analytics, offloading mainframe application, security intelligence, operational intelligence, linguistic analytics, and distributed coordination service. Based on vertical, the market has been segmented into BFSI, government & defense, healthcare & life sciences, manufacturing, retail & consumer goods, media & entertainment, energy & utility, transportation & SCM, IT& telecommunication, academia & research, and others.
Geographic analysis of the market includes regions such as North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.
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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 CAGR of 43.4% between 2016 and 2021. The market for Hadoop big data analytics market is growing significantly, owing to the increasing adoption of Hadoop big data and BI solutions by companies to manage exponentially generated data each day.
Increasing demand for cost-effective and faster analytics solutions to convert information collected by big data and IoT into actionable decisions is one of the most significant factors driving the growth of the Hadoop big data analytics market. However, immaturity of Hadoop platform is acting as a restraint to the growth of the Hadoop big data analytics market.
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Based on component, the service segment of the Hadoop big data analytics market is expected to grow at the highest CAGR from 2016 to 2021.This growth is mainly attributed to the rising adoption of Hadoop big data solutions by various enterprises. The consulting & development sub segment of the Hadoop big data analytics service market is anticipated to grow at the highest CAGR during the forecast period.
The adoption of consulting &development services is increasing among enterprises, due to their ability to simplify complex big data solutions for better decision making.
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