Hadoop Big Data Analytics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The expansion of the World Wide Web started from the later phase of the previous century and has shown an almost exponential rate of growth in this one. The genesis of search engines and indexing in early 2000s helped users of the Internet gain relevant data from the ever-increasing piles of information across the online highways. Technology has come a very long way from human-based search engines and results to automated crawlers that identify and index new and modified websites. As the Internet grew to contain millions and billions of pages, it became increasingly difficult and eventually impossible to simply index and manage the data.
The inception of Hadoop in 2006 was a result of the research and development to find a solution for the accurate and efficient calculation of data amid the growing piles of it. Yahoo released Hadoop as an open-source project and today, most of the technologies and their frameworks are operated and maintained by the Apache Software Foundation, a non-profit organization. The necessity of Hadoop in Big Data analysis comes due to the inherent complexities and challenges involved in it, as well as the advantages that Hadoop can bring to the table. One of the key advantages of Hadoop is its capacity to process and store massive volumes of data at high speeds, making it easier to tackle the growing Big Data concern. Hadoop also provides high computing power, a decent tolerance for faults, and is highly flexible.
Hadoop is referred to an open source structure that allows big data analytics and storage and employs simple programming plans across dispersed clusters of computer. Big data is a huge volume of data and information and can be structured as well as unstructured. As the volume of information is extremely large, it cannot processed and stored by the conventional systems. Furthermore, it also supports institutions and organizations for understanding the trend and help in the decision making for the corporate level in real-time. With the advent of this solution, data can be stored, evaluated, and extracted in order to meet the desired objective. It aids in modernizing the models of business and maximize the revenue of the vendors.
The accumulation of information is done at an extensively high pace keeping in mind the velocity, volume, and variety owing to the daily operation of the respective industries. In a situation as such, organizations are likely to face several technical difficulties in the process of collecting, storing, analyzing, and reporting via shared and interlinked dashboards. Management of such information needs high-end data management equipment and suitably channelized flow of information. The companies require state-of-the-art for bog data resolves in order to collect, store, evaluate, picture, and predict the future from the available evidence attained from the massive volumes of information.
The market intelligence publication delves into the possible growth opportunities for the global Hadoop big data analytics market and the chronological growth of the market throughout the forecast period. It also uniquely provisions required data related to facers such as dynamics influencing the progress in all possible retrospective manner. Several ubiquitous and non-ubiquitous trends have also been mentioned in the study. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report further reaches out to point out accomplishments related to R&D, acquisitions, mergers, and crucial partnerships and verifications. The companies in limelight have been analyzed on market shares, products, and key strategies.
The global market for Hadoop big data analytics is likely to be driven by the mounting demand for the installation of solutions for Hadoop big data analytics for the purpose of evaluating the extensively growing unstructured and structured data in order to attain beneficial insights from it. Furthermore, the rising need for information conversion by Internet of Things and big data by organizations for the purpose of decision making has substantially propelled the growth of the global Hadoop big data in the last couple of years. Convergence of Internet of Things and big data is another facet that is expected to fuel the growth of the market.
The dearth in safety standards and the lack of appropriate big data supervisory structure is presumed to hinder the industry growth in the near future. The shortage of skilled personnel who are capable of converting machine language into operational solutions for advanced analytics and data warehousing is expected to further act as a restraint in the growth of the market.
Europe and North America are the possible regions which are likely to provide lucrative opportunities for growth to the vendors operating in the global hadoop big data analytics market. The developing economies in Asia Pacific are anticipated to emerge as profitable markets to capitalize on.
A few of the leading companies in the market are Tableau Software Teradata Corporation, IBM Corporation, Amazon Web Services, Microsoft Corporation, and Pentaho Corporation.
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