Industry Background:
The growing size of unstructured data is necessitating the application of advanced data analytics solutions. This is a major driver for market growth. At the same time, factors such as the IoT boom and the increasing use of raw data in market intelligence are boosting the adoption of Hadoop big data analytics among SMEs as well as large enterprises. The growing trend toward visualization-based data discovery tools is worth exploring by any organization that seeks to derive more value from Big Data. The potential business benefits are significant and data governance practices can be used to help ensure the safe transition.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft (United States), AWS (United States), Cloudera (United States), HPE (United States), IBM (United States), Oracle (United States), SAP (Germany), Google (United States), SAS Institute (United States) and Salesforce (United States) |
According to AMA, the market for Hadoop And Big Data Analysis is expected to register a CAGR of 36.25% during the forecast period to 2027. This growth is primarily driven by Increasing demand for digital transformation of organizations and Growing investments in analytics.
Globally, a noticeable market trend is evident Rising adoption of smart payment technologies
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft (United States), AWS (United States), Cloudera (United States), HPE (United States), IBM (United States), Oracle (United States), SAP (Germany), Google (United States), SAS Institute (United States) and Salesforce (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
October 2019 - Alteryx, Inc. announced that it had acquired Feature Labs, a data science software company launched out of Massachusetts Institute of Technology (MIT) that automates feature engineering for machine learning and artificial intelligence (AI) applications. The acquisition of Feature Labs will further enable Alteryx to help organizations empower every data worker to fill the data science and machine learning talent gap.
October 2019 - In an expansion to their existing collaboration, SAS is creating a best-in-class hybrid cloud analytics solution by delivering its market-leading analytics on Red Hat OpenShift, the industry’s most comprehensive enterprise Kubernetes platform from Red Hat, the world’s leading provider of open source technologies.
Influencing Trend:
Rising adoption of smart payment technologies and Increasing use of social media applications for customer engagement
Market Growth Drivers:
Increasing demand for digital transformation of organizations and Growing investments in analytics
Challenges:
Lack of proper application deployment and multiple data source support and COVID-19 leading to an increase in cybersecurity concerns
Restraints:
Legal concerns and data privacy issues
Opportunities:
The requirement for real-time information to track and monitor COVID-19 spread, The surge in need for remote services and location data during COVID-19 and Increase in demand for analyzing large volumes of data
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Hadoop And Big Data Analysis Market
- Analysis about New Entrants in Hadoop And Big Data Analysis Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hadoop And Big Data Analysis Study Sheds Light on
The Hadoop And Big Data Analysis Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hadoop And Big Data Analysis industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hadoop And Big Data Analysis industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.