Hadoop and Big Data Analytics Market Stats for Bright Future Ahead
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Big Data has taken a lead in the IT industry and has played a significant role in the Business growth and decision-making processes that gives you an edge over the competitors. Hadoop is a Java-based programming structure that is used for processing and storage of large data sets in a distributed computing environment.
Key market players operating in the hadoop and big data analytics market include Microsoft Corporation, Amazon Web Services (AWS), IBM Corporation, Teradata Corporation, Tableau Software, Inc., Cloudera, Inc., Pentaho Corporation, Marklogic Corporation, SAP SE, and Pivotal Software, Inc.
Among end users, the banking, finance and insurance segment is expected to lead the hadoop and big data analytics market during the forecast period (2017 – 2025). The banking and finance sector has witnessed rapid growth, primarily due to increasing adoption of information technology solutions for improved banking services.
The proliferation of online transactions, is increasing adoption towards technologies such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS) as well as mobile transactions.
North America holds a dominant position in the market and is expected to maintain its dominance over the forecast period. Dominance of this region is attributed to the rampant development of IT infrastructure and high presence of major IT companies such as Google, Microsoft, IBM, and Oracle in the region.
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Hadoop and Big Data Analytics Market Aspects:
• Hadoop and Big Data Analytics Drivers
• Hadoop and Big Data Analytics Growth
• Hadoop and Big Data Analytics Market Development Trends
• Key Manufacturers with Market Status
• Hadoop and Big Data Analytics Market Entry Strategies with Countermeasures of Economic Impact
• Market segmentation by production, import and export
• Feasibility studies and proposals for new project investment
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