The global Hadoop big data analytics market is growing at a significant CAGR of around 30.5% during the forecast period (2020-2026). Big data analytics is the process of analyzing bulk and varied data sets, or big data, to uncover information, including market trends, hidden patterns, customer preferences, and unknown correlations. This information can support organizations to make better-informed business decisions. The integration of Hadoop in big data platform further enables the processing of large sets of data. In addition, it offers a massive storage capacity for data, huge processing power, and a management of virtual limitless concurrent tasks or jobs. 

There are various pivotal factors that are driving the global Hadoop big data analytics market, which includes growing volume of unstructured data, continuous increase in the adoption of IoT and connected devices. According to the International Data Corporation (IDC), there will be 41.6 billion connected IoT devices which would be generating 79.4 zettabytes (ZB) of data in 2025. IoT devices such as cameras are the largest producers of big data. Since IoT devices create enormous data therefore, the application of Hadoop big data analytics comes into picture, which, therefore, will offer growth to the market during the forecast period. However, the concerns regarding the data privacy and security will affect the market growth during the forecast period.

Segmental Outlook  

The Hadoop big data analytics market is classified on the basis of solution and vertical. Based on solution, the market is segmented into data discovery and visualization and advanced analytics. Based on vertical, the market is segregated into BFSI, IT & telecom, healthcare, manufacturing, and others. 

Global Hadoop Big Data Analytics Market Share by Vertical, 2019 (%)

Global Hadoop big data analytics market is driven by its rising application in IT & telecom

IT & telecom industry is estimated to project a considerable CAGR in the Hadoop big data analytics market during the forecast period. The telecom companies collect massive amounts of data from call detail records, mobile phone usage, network equipment, server logs, billing, and social networks, providing lots of information about their customers and network. This vast amount of data traveling across their networks needs to be rapidly processed, stored to derive insights and assist in better decision making. Therefore, the adoption of Hadoop big data analytics is increasing in IT & telecom sector, as Hadoop programming model is used for large-scale data processing. 

Regional Outlook 

The global Hadoop big data analytics market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America holds a significant share in the global Hadoop big data analytics market. The US plays the critical role in geographic contribution of North America in global Hadoop big data analytics market, owing to the presence of some crucial players, including IBM Corp., Microsoft Corp., and Oracle Corp. in the region. In addition, well-developed IT infrastructure coupled with the remarkable adoption of IoT devices is further contributing to the market growth in the region. This further offers ample opportunities for new entrants in the region, as promised by growing venture capitalists in the market.

Global Hadoop Big Data Analytics Market Growth, by Region 2020-2026

Asia-Pacific is expected to propel with a considerable growth rate in the global market

Asia-Pacific is estimated to project a considerable CAGR in the global Hadoop big data analytics market. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. This growth is backed by the increase in government initiatives for digitalization and smart cities. In addition, rising internet and smartphone penetration and the trend towards bring your own device (BYOD) coupled with the increasing presence of large, small and medium enterprises is further creating an opportunity for the adoption of big data analytics solutions in the region. In addition, the growing industrialization with advanced technologies, will offer growth to the Hadoop big data analytics across the retail, manufacturing, and IT & telecom sector in the region. 

Market Players Outlook

The key players in the Hadoop big data analytics market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global Hadoop big data analytics market include Amazon Web Services, Inc., IBM Corp., Cloudera, Inc., Microsoft Corp., SAP SE, Oracle Corp., Tableau Software, LLC, and VMware, Inc. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. For instance, in February 2020, Oracle Corp. added new services under its Oracle Cloud Data Science Platform. The platform includes seven new services to improve data science results. Among these seven services, the Oracle offers a Cloudera Hadoop implementation, including machine learning for Spark.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Hadoop big data analytics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.