Global Hadoop big data analytics market size reached USD 12.67 Billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to the latest analysis by Emergen Research. Key factors driving revenue growth of global Hadoop big data analytics market include surge in adoption of smart payment solutions and increased need for cost-effective storage solutions. IoT automates and unifies various processes and activities. Meanwhile, contactless payments enable easy payment processes as they enable customers to pay for products and services using their payment cards connected with RFID technology or other payment devices without the need to swipe, input a personal identification number (PIN), or sign for the transaction.
The latest report is inclusive of an extensive coverage of the significant impact of the COVID-19 pandemic on the Hadoop Big Data Analytics business sector. The coronavirus outbreak has drastically impacted the global economic landscape, and consequently, this particular business vertical. Therefore, the report provides the reader with a clear concept of the current scenario of this business vertical, estimating its COVID-19 aftereffects.
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Key companies profiled in the report include:
Microsoft Corporation, Google LLC, Oracle Corporation, Amazon Web Services, Hewlett Packard Enterprise, SAP SE, Salesforce.com, Inc., Micro Focus International plc, Splunk Inc., and Imply Corporation.
Emergen Research has segmented the global Hadoop big data analytics on the basis of component, deployment, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Risk Fraud Analytics
Internet of Things (IoT)
Supply Chain Analytics
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Transportation and Logistics
Some Key Highlights from the Report
Solution segment revenue is expected to expand at a significant CAGR during the forecast period. Hadoop big data analytics solutions are used by businesses to manage, scale, and distribute customer and organizational data. This also helps with data collection from specialized machine data sets and during report creation.
Cloud segment is expected to lead, in terms of revenue, over the forecast period. As cloud deployment enables quick flexibility, on-demand capabilities, extensive network connectivity, and improved resource pooling, there is a growing demand for cloud-based Hadoop big data analytics solutions.
Risk fraud analytics segment is expected to account for considerable revenue share in the market over the forecast period. Risk and fraud assessments are becoming highly important in businesses. Risk and fraud analytics provide a detailed insight on the potential and existing issues.
BFSI industry is expected to record considerable revenue growth during the forecast period. As the BFSI industry is strictly regulated, it needs new approaches. Organizations in the sector are replacing existing systems with modern software solutions. This is expected to increase adoption of Hadoop big data analytics solutions in the BFSI sector.
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Key Objectives of the Global Hadoop Big Data Analytics Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Hadoop Big Data Analytics market and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
Regional Analysis of the Augmented Reality Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Hadoop Big Data Analytics market, including the global and regional analysis of the market. The study covers critical information and factual data about the Hadoop Big Data Analytics industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Hadoop Big Data Analytics market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Hadoop Big Data Analytics industry.
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