Hadoop Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Hadoop Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5308
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Market Overview:

The global hadoop big data analytics market size reached US$ 16.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.8 Billion by 2028, exhibiting a growth rate (CAGR) of 15.6% during 2023-2028.

Hadoop is an efficient open-source big data analytics platform that can store and process a substantial amount of structured and unstructured data quickly and efficiently by using a cluster of commodity hardware. It replicates any stored file three times to guarantee reliability, availability, and fault tolerance. It is scalable as additional compute nodes can be added to the cluster if further processing is required. Besides this, as it is also flexible and cost-effective, Hadoop big data analytics finds extensive applications in the retail, healthcare, manufacturing, telecommunications, and banking, financial services and insurance (BFSI) industries worldwide.

Global Hadoop Big Data Analytics Market

Hadoop Big Data Analytics Market Trends:

Significant growth in the information and technology (IT) industry represents one of the key factors stimulating the growth of the market. Moreover, massive volumes of data are difficult to process using conventional database systems, such as relational database management systems (RDBMS). However, Hadoop relies on a Hadoop distributed file system (HDFS) that holds a large amount of data and provides easier access. It acts as a storage for big data, which can be loaded from the local file system using a command line interface (CLI) utility. Apart from this, it facilitates the partitioning of the big data contained within HDFS to multiple machines. As a result, businesses across the globe are increasingly relying on Hadoop big data analytics. Furthermore, it offers efficient and rapid data storage and processing platforms for hospitals. This, coupled with increasing volumes of unstructured data, is positively influencing the market. Other factors strengthening the growth of the market include rising technological advancements and the growing digitalization in businesses across different industry verticals around the world.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hadoop big data analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, business function, organization size and end user.

Breakup by Component:

  • Solutions
  • Data Discovery and Visualization (DDV)
  • Advanced Analytics (AA)
  • Services
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Business Function:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Marketing and Sales
  • Operations
  • Finance
  • Human Resources
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises
     

Breakup by End User:

  • BFSI
  • Retail
  • IT and Telecom
  • Healthcare and Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Fair Isaac Corporation, Google LLC, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., SAS Institute Inc., Splunk Inc. and TIBCO Software Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Component, Deployment Mode, Business Function, Organization Size, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Fair Isaac Corporation, Google LLC, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., SAS Institute Inc., Splunk Inc. and TIBCO Software Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global hadoop big data analytics market was valued at US$ 16.8 Billion in 2022.

We expect the global hadoop big data analytics market to exhibit a CAGR of 15.6% during 2023-2028.

The growing adoption of hadoop big data analytics platforms over conventional database systems to manage large amounts of data and provide easier access is primarily driving the global hadoop big data analytics market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of hadoop big data analytics platform across several sectors, such as retail, healthcare, telecommunications, BFSI, etc., to remotely store and process structured and unstructured data quickly and efficiently.

Based on the component, the global hadoop big data analytics market can be categorized into solutions and services. Currently, solutions exhibit clear dominance in the market.

Based on the business function, the global hadoop big data analytics market has been segmented into marketing and sales, operations, finance, and human resources. Among these, finance segment represents the largest market share.

Based on the end user, the global hadoop big data analytics market can be bifurcated into BFSI, retail, IT and telecom, healthcare and life sciences, manufacturing, media and entertainment, and others. Currently, the BFSI sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global hadoop big data analytics market include Alteryx Inc., Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Fair Isaac Corporation, Google LLC, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., SAS Institute Inc., Splunk Inc., and TIBCO Software Inc.

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Hadoop Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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