Hadoop Big Data Analytics Market: Global Industry Analysis and Forecast (2023-2029)

Hadoop Big Data Analytics Market size was valued at US$ 15.90 Billion in 2022 and the global Hadoop Big Data Analytics revenue is expected to grow at 12.8% through 2023 to 2029, reaching nearly US$ 36.95 Billion.
Hadoop Big Data Analytics Market Overview:
Big Data is a system that is used for the analysis and extraction of information from large data sets. The different features of big data include data capturing, data storage, data transfer, data query, updating of existing data, etc. Big data deals with large data sets using predictive and user behavior analytics. Hadoop is open-source software that provides an effective framework for storage and data processing. Scientists, healthcare professionals, business operatives, etc. regularly have difficulties in managing large data sets since these fields regularly deal with user data daily. Big data is responsible for fueling the demand for data specialists to the point that companies like Oracle, IBM, and Microsoft have allocated more than US$ 20 billion on software firms related to data analytics.

To know about the Research Methodology :- Request Free Sample Report

In this report, the Hadoop big data analytics market's growth reasons, as well as the market's many segments (Business Function, Application, End-User), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Hadoop big data analytics market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Hadoop big data analytics market situation.
Hadoop Big Data Analytics Market Dynamics:
A major driver of the global Hadoop big data analytics market is the need for highly trained data professionals in various industries e.g. Education. These employment opportunities coupled with the increasing population are expected to drive market growth in the forecast period (2022-2029). For Example, A report published by the McKinsey Global Institute concluded that there is a requirement for nearly 1.4 million data handling professionals in many institutes and universities around the globe.

A major restraint in the global market is legal concerns and data breach and privacy consequences. The misuse of sensitive data of different organizations is expected to hamper the overall market growth. Identity threat is a crucial threat when it comes to the handling of user profile data. For Example, Sina Weibo, China’s one of the leading social media platforms announced in March 2022, that over 540 million users' data was breached and stolen from their platform.

One of the key opportunities in the Hadoop big data analytics market is the rise of OTT and media platforms. It is known that advertising and media firms use a big data approach to target millions of consumers daily. The end goal of these strategies is to convey the content that aligns with the customer’s mindset. This trend is expected to continue in the aforementioned forecast period.
Segment Analysis:
By Business Function, the Finance segment is expected to dominate the market in the year 2029. This can be attributed to the rapid digitization of the finance sector coupled with the use of machine learning and the cloud. Big data in finance handle petabyte levels of organized and non-organized data that is utilized to predict customer behaviors and then to create strategies based on those behaviors. For example, real-time stock market insights can be anticipated with the use of big data analytics.

The operations segment is expected to follow the finance segment in terms of growth in the forecast period (2022-29). The Hadoop framework is used by many businesses around the globe to manage their databases. It helps them to manage supply chains and detection of fraudulent activities. It also helps them to improve their business forecasts, product pricing optimization along with increase efficiency. This trend is expected to fuel the growth of the business operations segment in the same forecast period.

By Application, Risk and Fraud Analytics segment is expected to witness the highest growth in the same forecast period. The main reason behind this is the fact that fraud analytics is the key to financial fraud risk management. Big data is used in fraud analytics to curb threats such as Account Takeover (ATO), Sim Swapping, Card Not Present (CNP) frauds. Machine learning models using Hadoop which store and process user data such as biometrics and user passwords are driving the growth of risk and fraud analytics in the Hadoop big data market.

The IoT segment is expected to follow the risk and fraud analytics segment in terms of growth in the aforementioned forecast period. Around 4.5 trillion gigabytes of data is generated by the year 2022 through IoT. This IoT-generated data is managed with the help of software like Apache Hadoop. This correlation between IoT and big data is expected to be the key driver of the IoT segment in the Hadoop big data analytics market.


Regional Insights:
The North American region dominated the global Hadoop big data analytics market in 2022. The primary reason behind this is the fact that the US is the home of many big data analytics giants like IBM and Cisco. The region accounts for more than 35% of the total global revenue of big data. The Canadian big data analytics revenue is expected to grow at a CAGR of 9.3% in the forecast period (2022-29).

The APAC region is expected to follow the North American region in terms of growth. The Chinese market is expected to grow at a CAGR of 23% in the aforementioned forecast period. In the European region, the growth prospects in Hadoop in Germany, Austria, and Switzerland are expected to remain steady at 26% throughout the forecast period. The number of companies that use Hadoop Apache in India, the UK, and France is 2284, 1602, and 690 respectively. According to a PwC study, there are expected to be nearly 2.5 million total job prospects in the field of big data analytics in the United States alone.

The objective of the report is to present a comprehensive analysis of the Hadoop Big Data Analytics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Hadoop Big Data Analytics market dynamics, structure by analyzing the market segments and projecting the Hadoop Big Data Analytics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Hadoop Big Data Analytics market make the report investor’s guide.
Hadoop Big Data Analytics Market Scope: Inquire before buying



Hadoop Big Data Analytics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 15.90 Billion.


Forecast Period 2023 to 2029 CAGR:
12.8 %
Market Size in 2029:
US $ 36.95 Billion.


 Segments Covered:
by Business Function
Marketing and Sales
Operations
Finance
Other


by Application
Risk and Fraud Analytics
Internet of Things (IoT)
Customer Analytics
Security Intelligence
Distributed Coordination Service
Merchandising and Supply Chain Analytics


by End-User
BFSI
IT and Telecommunication
Government and Defense
Manufacturing
Transportation and Logistics
Healthcare
Others



Hadoop Big Data Analytics Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
Hadoop Big Data Analytics Market Key Players:
1. IBM Corporation
2. Amazon Web Services (AWS)
3. Teradata Corporation
4. Cloudera, Inc.
5. Tableau Software, Inc.
6. Pentaho Corporation
7. SAP SE
8. Marklogic Corporation
9. Pivotal Software, Inc.
10. Datameer, Inc.
11. Mapr Technologies, Inc.
12. Mongodb
13. Hewlett-Packard Enterprise (HPE)
14. Memsql Inc.
15. Cisco
16. Hitachi Vantara Corporation
17. SAS Institute Inc.
FAQs:
1. Which is the potential market for Hadoop Big Data Analytics in terms of the region?
Ans. The North American region dominated the global Hadoop big data analytics market in 2022.

2. What are the opportunities for new market entrants?
Ans. One of the key opportunities in the Hadoop big data analytics market is the rise of OTT and media platforms.

3. What is expected to drive the growth of the Hadoop Big Data Analytics market in the forecast period (2023-2029)?
Ans. A major driver of the global Hadoop big data analytics market is the need for highly trained data professionals in various industries e.g. Education

4. What is the projected market size & growth rate of the Hadoop Big Data Analytics Market?
Ans. Hadoop Big Data Analytics Market size was valued at US$ 15.90Billion in 2022 and the global Hadoop Big Data Analytics revenue is expected to grow at 12.8% through 2023 to 2029, reaching nearly US$ 36.95 Billion.

5. What segments are covered in the Hadoop Big Data Analytics Market report?
Ans. The segments covered are Business Function, Application, End-User and, Region.