Global Hadoop Big Data Analytics Market Scope Report

Global Hadoop Big Data Analytics Market Highlights Over 2023 - 2033

The global hadoop big data analytics market is estimated to garner a revenue of USD 50.0 Billion by the end of 2033 by growing at a CAGR of ~13% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 15.0 Billion in the year 2022. The growth of the market can be attributed to the surging need for remote services. More than 25 per cent of the employees in the United States was working remotely in the year 2021.

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Hadoop big data analytics refers to an open source framework for storing and processing large datasets ranging in size from gigabytes to petabytes. Instead of storing and processing data on a single large computer, Hadoop allows for the clustering of multiple computers to analyze massive datasets in parallel more quickly. There has been increase in the number of data centers that is anticipated to surge the growth of the global hadoop big data analytics market. For instance, there has more than 7,500 data centers across the globe in the year 2021.

Global Hadoop Big Data Analytics Market: Growth Drivers and Challenges

Growth Drivers

• Rising Adoption of Data Analytics– More than 55 per cent of the organizations across the globe are using data and analytics to drive their process and cost-efficiency.

• Growing Adoption of Smart Payment Technologies– Digital payments and mobile wallets accounted for more than half of global e-commerce payment transactions in the year 2021.

• Increasing Volume of Data – The data of the organizations can be easily compared in order to find out the item that needs to be further investigated. For instance, more than 60 zettabytes data been created, captured, copied, and consumed worldwide in the year 2020.

• Increase in the Urbanization Rate– There has been an improvement in the standard of living that is providing more opportunities for data-based solutions.  Therefore, it is anticipated to surge the growth of the global hadoop big data analytics market. According to the United Nations, nearly 55 per cent of the total population around the world lives in urban areas,

Challenges

• Threat to Privacy

• High Cost for the Deployment of System

• Lack of Technical Professional

The global hadoop big data analytics market is segmented and analyzed for demand and supply by organization size into small & medium enterprises, and large enterprises. Out of them, the large enterprises segment is anticipated to hold the largest share over the forecast period owing to the rising IOT devices connectivity for the management of data, and the increasing adoption of IOT device security. For instance, there are more than 9.5 Billion IOT devices worldwide in the year 2020.

Global Hadoop Big Data Analytics Market Regional Synopsis

Regionally, the global hadoop big data analytics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of increasing adoption of bring your own devices, and the rising presence of major players in the region. More than 70 per cent of the employees use their own personal devices after the COVID-19 pandemic in the United States.

Market Segmentation

Our in-depth analysis of the global hadoop big data analytics market includes the following segments:

Key Companies Dominating the Global Hadoop Big Data Analytics Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global hadoop big data analytics market that are included in our report are SAP SE, IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, Cloudera, Inc., Teradata Corporation, Amazon Web Services, Inc., TIBCO Software Inc., Oracle Corporation, Salesforce, Inc., and others.

Global Hadoop Big Data Analytics Market: Latest Developments

• July, 2022: SAP SE, announced the acquisition of Askdata in order to strengthens its ability to help organizations take better decisions by leveraging AI-driven natural language searches.

• February, 2022: Teradata Corporation announced the partnership with Microsoft Corporation to integrate the Teradata Vantage data platform with Microsoft Azure.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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