Global Hadoop Big Data Analytics Market 2021
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Description<br />
The increasing volume of structured & instructed data and the need to<br />
store, manage, and analyze data are factors driving the growth of the<br />
<strong>Hadoop</strong> big data analytics market<br />
The <strong>Hadoop</strong> big data analytics market is projected to grow from USD<br />
6.71 billion in 2016 to USD 40.69 billion by <strong>2021</strong>, at a CAGR of 43.4%<br />
between 2016 and <strong>2021</strong>. The market for <strong>Hadoop</strong> big data analytics market<br />
is growing significantly, owing to the increasing adoption of <strong>Hadoop</strong> big<br />
data and BI solutions by companies to manage exponentially generated<br />
data each day. Increasing demand for cost-effective and faster analytics<br />
solutions to convert information collected by big data and IoT into<br />
actionable decisions is one of the most significant factors driving the<br />
growth of the <strong>Hadoop</strong> big data analytics market. However, immaturity of<br />
<strong>Hadoop</strong> platform is acting as a restraint to the growth of the <strong>Hadoop</strong> big<br />
data analytics market.
Summary<br />
• Based on component, the service segment of the <strong>Hadoop</strong> big data<br />
analytics market is projected to grow at the highest CAGR<br />
during the forecast period Based on component, the service<br />
segment of the <strong>Hadoop</strong> big data analytics market is expected to<br />
grow at the highest CAGR from 2016 to <strong>2021</strong>. This growth is<br />
mainly attributed to the rising adoption of <strong>Hadoop</strong> big data<br />
solutions by various enterprises. The consulting & development<br />
subsegment of the <strong>Hadoop</strong> big data analytics service market is<br />
anticipated to grow at the highest CAGR during the forecast<br />
period. The adoption of consulting & development services is<br />
increasing among enterprises, due to their ability to simplify<br />
complex big data solutions for better decision making.
List of Tables<br />
TABLE 1 HADOOP BIG DATA<br />
ANALYTICS MARKET SIZE, BY COMPONENT, 2014<strong>2021</strong><br />
(USD MILLION) 43<br />
TABLE 2 SOLUTION: HADOOP BIG DATA ANALYTICS<br />
MARKET SIZE, BY SUBSEGMENT,<br />
2014<strong>2021</strong> (USD MILLION) 44<br />
TABLE 3 SOLUTION: HADOOP BIG DATA ANALYTICS<br />
MARKET SIZE, BY REGION,<br />
2014<strong>2021</strong> (USD MILLION) 45
Table of Contents<br />
1 INTRODUCTION 15<br />
1 OBJECTIVES OF THE STUDY 15<br />
2 MARKET DEFINITION 15<br />
3 STUDY SCOPE 16<br />
4 MARKETS COVERED 16<br />
5 YEARS CONSIDERED FOR THE STUDY 17<br />
6 CURRENCY 17
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