“The Hadoop Big Data Analytics Market Research Report 2018-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The hadoop big data analytics market is expected to grow at a CAGR of over 40%, during the forecast period (2018 – 2023).
Companies Include are: TABLEAU SOFTWARE, INC., TERADATA CORPORATION, IBM CORPORATION, MICROSOFT CORPORATION, CLOUDERA INC., INTEL CORPORATION, CISCO SYSTEMS, INC., SAP SE, AMAZON WEB SERVICES, INC., HITACHI LTD. (PENTAHO CORPORATION), ALPHABET INC. (GOOGLE CLOUD), SAS INSTITUTE INC., HORTONWORKS INC., HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP, MONGODB INC., MAPR TECHNOLOGIES, INC., ORACLE CORPORATION, and DATAMEER, INC., amongst others.
The scope of the report is limited to solutions offered by various market players from various end-user sectors including retail, IT & telecommunication, healthcare, banking financial services & insurance, government & defense, and manufacturing. The regions considered under the scope of the report include North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
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With the increase in the volume, velocity, and variety of data, companies are looking for means to analyze and process it as quickly and economically as possible. Considering the current state of big data, a tremendous amount of information is being generated every day in the form of heterogeneous databases. To cater this, the demand for cost-effective Hadoop big data solutions is increasing among the enterprises worldwide, as these solutions will help organizations to manage and analyze such huge datasets for understanding the trend and help in the decision making at the corporate level in real-time.
Key Developments in the Market
May 2018: Google has acquired Cask Data, a Palo Alto startup that specializes in building solutions to run big data analytics services based on Hadoop, which also confirmed that the company would continue supporting existing customers and products.
March 2018: Hortonworks, Inc. introduced Hortonworks Operational Services to help customers manage big data deployments and more quickly maximize the value of their data. The subscription-based service provides a fully managed environment for customers of Hortonworks Data Platform (HDP) and Hortonworks DataFlow (HDF) and ongoing access to dedicated Hortonworks support teams with deep experience building and managing modern data platforms.
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IT & Telecommunication Sector to Dominate the Market over the Forecast Period
The amount of data generated by telecommunication industry has high velocity and volume. In a hypercompetitive industry, telecommunication companies have to differentiate their offerings and target customers effectively, with the information collected about customer behavior and preferences. The application of Hadoop big data analytics in telecom sector creates opportunities for telecommunication companies by using the Hadoop framework in big data ecosystem by combining various real-time insights with the habits and preferences of the customer to achieve unparalleled marketing power.
North America to Appear as one of the Leading Region in the Hadoop Big Data Analytics Market
North America accounted for the largest share of the Hadoop big data analytics market. This growth can be attributed to the increasing deployment of Hadoop big data solutions by major IT enterprises such as Google, Microsoft, IBM, and Oracle in the region to enhance the efficiency and streamline their business operations. Companies of the region are spending heavily on R&D initiatives for developing integrated solutions that provide superior advantages by shifting their attention to Big Data as a useful means to derive insights from the huge amount of data generated from various sources. The Hadoop technologies in such databases frameworks are at the core of the solutions heralding a paradigm shift.
The report has 150 tables and figures browse the report description and TOC:
Influence of the Hadoop Big Data Analytics market report:
-Comprehensive assessment of all opportunities and risk in the Hadoop Big Data Analytics market.
– Hadoop Big Data Analytics market recent innovations and major events.
-Detailed study of business strategies for growth of the Hadoop Big Data Analytics market-leading players.
-Conclusive study about the growth plot of Hadoop Big Data Analytics market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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