Big data analytics is basically a cutting-edge technique of scrutinizing diverse and gigantic data sets, or big data, to divulge data like market trends, unidentified correlations, and hidden patterns, together with client preferences that might assist firms to build business selections. An open source framework, Hadoop enables big data analytics & storage and utilizes simple programming models through the distributed computer clusters.
During the forecast market, the global hadoop big data analytics market is projected to witness lucrative growth due to the rising adoption of big data, technological improvements, and the requirement for big data analytics. Further, the rising need for risk and fraud analysis applications is anticipated to drive the market growth. Also, the rising use of mobile devices along with growing use of visualization-based data discovery solution will also boost the market expansion. Nonetheless, the lack of experienced operators, concerns about security & safety, and inadequacy in regulatory framework are the factors expected to hamper the growth of the global market.
The global hadoop big data analytics market can be segregated based on application, vertical, component, and region. The market, by component, is classified into service and solution. The market, by application, is bifurcated into merchandising & supply chain analytics, offloading mainframe application, Internet of Things (IoT), security intelligence, risk & fraud analytics, distributed coordination service, customer analytics, operational intelligence, and linguistic analytics. The market, by vertical, is categorized into government & defense, BFSI, manufacturing, healthcare & life sciences, media & entertainment, retail & consumer goods, transportation & SCM, energy & utility, academia & research, IT & telecommunication, and others).
Regionally, the global hadoop big data analytics market is projected to be governed by North America and Europe during the forecast period. Further, Asia Pacific is also anticipated to display swift expansion over the years on account of increasing urbanization and industrialization. Also, initiatives, like building smart cities, taken by government are supposed to bring in numerous expansion avenues during the coming period.
Major players competing within the global hadoop big data analytics market comprise Hortonworks, Inc., Cloudera Inc., Amazon Web Services LLC, Hadapt, Inc., MapR Technologies, Inc., Outerthought, Karmasphere, Inc., Platform Computing, Hstreaming LLC, Greenplum, Inc., Zettaset, Inc., and Pentaho Corporation, among others. M&As are projected to be major approaches to be implemented by the market players to reinforce their potentials and get deep into the market. To cite, in January 2019, Citus Data was procured by Microsoft Corporation to magnify operations within big data and analysis technology. Citus Data, with this purchase, would offer PostgreSQL infrastructure to Microsoft Corporation.